“Last year, Mother’s Day spending was expected to total a near-record $23.1 billion, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. A total 86% of Americans celebrated Mother’s Day and spent an average of $180 per person.”
Tag: Mother’s Day
Yelp Data Scientist Carl Bialik says German food ranked number 83 of the 100 biggest restaurant categories in growth. Unfortunately, all across the country, German restaurants are calling it quits. Converting traditional German eateries into biergartens and transforming menus into fresh takes on German cooking could be the trend that saves them.
Consumers say they will spend more than ever on Mother’s Day this year as they shower moms with everything from jewelry to special outings at favorite restaurants, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics.
Families this year are ready to splurge on jewelry, flowers, gift cards, brunch, and apparel for dear old mom. According to NRFÛªs 2015 MotherÛªs Day Spending Survey conducted by Prosper Insights & Analytics, Americans will spend an average of $172.63 on mom this year
According to Bing Ads, MotherÛªs Day is the third-largest retail holiday in the U.S., with a whopping $20 billion spent in 2014, and 76% of people surveyed plan to spend the same, if not more, this year. And last year, search spend was 110% higher for MotherÛªs Day than FatherÛªs Day.
Mom may not expect much for Mother’s Day, but this year, her loved ones are fully intent on pampering her with some of the finer things in life. According to a new survey by the NRF, the average person celebrating Mother’s Day this year is expected to spend $140.73 on gifts, up from $126.90 in 2010, and a return to 2008 spending levels. Total spending is expected to reach $16.3 billion. Consumer electronics, jewelry, apparel, flowers and gift cards round out the top gift intentions this year. Restaurants will also benefit, as more than half (54.7%) of all celebrants will treat mom to a nice dinner or brunch, spending a total of $3.1 billion. Adults 25-34 years old will spend the most on Mother’s Day ($191.35), followed by 18-24 year olds ($183.38) and 35-44 year olds ($155.97).
According to the National Retail Federation, the average person plans to spend $126.90 on Mother’s Day gifts this year, compared to $123.89 in 2009. Total spending is expected to reach $14.6 billion. As one of the biggest holidays of the year, billions will be spent at restaurants or on clothing, jewelry and flowers. Nearly two-thirds (65.2%) of celebrants will buy flowers, totaling $1.9 billion. An additional 51.8% will treat mom to a brunch or dinner, spending $2.9 billion on mom’s favorite food. Jewelers will also see some traffic this year with 26.2% of people planning on buying a special bracelet or earring set, totaling $2.5 billion. Others will buy clothing or clothing accessories ($1.3 billion), gift certificates ($1.5 billion), personal service such as a day at the spa ($933 million), consumer electronics ($906 million) and greeting cards ($671 million).