follow us

NRF: Mother's Day spending to jump

Washington - Mother's Day spending is expended to climb 11% year-over-year to an average of $168.94 - for a total retail of $20.7 billion. Electronics are largely responsible for expanding family budgets for the holiday, according to the National Retail Federation.
The survey conducted by BigInsight found 14.1% - the highest in the survey's history - of shoppers this Mother's Day will spend more than $2.3 billion on electronics, up from $1.6 billion last year, and more than one-third (34.4%) of gift givers will buy jewelry, spending a total of $4.2 billion, up from $3.7 billion last year.
In addition, mothers will be treated to a special outing, such as brunch or dinner ($3.5 billion), flowers ($2.3 billion), gift cards ($2.0 billion), clothing or clothing accessories ($1.7 billion), and personal service gifts, such as a day at the spa ($1.5 billion).
"Budgetary constraints will keep many families on the lookout for the perfect group gift, like a new tablet or smartphone, or even that cashmere sweater they know mom has had her eye on," said BigInsight consumer insights director Pam Goodfellow.

Featured Video

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Home & Textiles Today