According to National Retail Federation, consumers are expected to spend around 33.5 billion dollars on their loved ones this Mother's Day. And you know what? Each and every mom deserves it. Read all about NRF's 2024 Mother's Day forecast at https://hubs.la/Q02w8QNw0 #retail #mothersday
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Stat of the Day: 💐 $33.5 billion: The amount Americans are projected to spend on Mother’s Day this year. This is the second-highest amount in the history of the National Retail Federation’s annual survey. #mothersday
Consumers Expected to Spend Near-Record $33.5 Billion on Mother’s Day
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💐Mother’s Day serves as another reminder that for local small businesses, offering home delivery is key to remaining top-of-mind. The results of an annual Mother’s Day survey by the National Retail Federation keep telling the same story… It’s undoubtedly a competitive retail landscape. This year’s results were on par with last year: 🛒Online (35%) remains the most popular shopping destination, followed by, department stores (32%) specialty stores (29%) and local or small businesses (25%). 📈 Collectively, if small businesses want to increase their market share, they need to prioritize meeting customers where they are — shopping online with the modern convenience of home delivery. There’s strength in numbers. Let’s work together to get more customers thinking “local” during major gift-giving holidays! Learn more at https://lnkd.in/eWVEH3hm 🚙Team Trellus is on the road all this weekend, helping small businesses serve customers with the convenience they expect. Happy Mother’s Day and safe travels to all! https://lnkd.in/gmaVeE-8 . . #mothersday #mothersdayretail #smallbusinesses #ecommerce #shoplocal
Consumers Expected to Spend Near-Record $33.5 Billion on Mother’s Day
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Flowers and cards are among the top items shoppers are planning to buy for Mother's Day 💐 Check out the April Consumer Digest to see how else they plan to celebrate (and take this as a reminder to call your favorite moms!): https://bit.ly/3U9wwAI #8451Proud #MothersDay #ConsumerBehavior #Insights #RetailTrends #GroceryTrends
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According to a recent survey by the National Retail Federation, 84% of U.S. adults are expected to celebrate Mother’s Day. This year, spending is expected to reach $33.5 billion, the second highest amount in the history of the survey, following last year’s record spending of $35.7 billion. The charts below show total and average per-person spending from 2020 – (expected) 2024: https://lnkd.in/gmaVeE-8 #SenderoWealthManagement #MothersDay
Consumers Expected to Spend Near-Record $33.5 Billion on Mother’s Day
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Get ready to celebrate Mom in style! With Mother's Day spending projected to reach a near-record $33.5 billion, find out how Americans are planning to spoil their moms this year. Dive into the insights here: https://lnkd.in/dt5NwV4V
Near-record $33.5 billion Mother's Day spending anticipated - Washington Retail Association
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Did this year’s Mother’s Day sales add up to a year over year increase? – Doesn’t seem so. Look at the data - This Mother's Day, online (35%) remains the most popular shopping destination for consumers, followed by department stores (32%), specialty stores (29%) and local or small businesses (25%). Sources: NRF and Prosper Insights & Analytics. https://lnkd.in/em5BZ32H #mothersday #mothersdayspending #mothersdaypurchases
Mother’s Day
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💼 Father's Day Spending Expected to Reach Record $22.9 Billion!🎉 The National Retail Federation (NRF) has projected that Father's Day spending in 2024 will hit an all-time high of $22.9 billion, with consumers planning to spend an average of $196.23. This reflects a significant increase from last year's average of $174.10. 🔍 Key Insights: - Experiential Gifts on the Rise: More people are opting for experience-based gifts like concert tickets or sporting events, with spending in this category anticipated to reach $3.2 billion. - Tech and Gadgets: Electronics remain a popular choice, with total spending projected at $1.8 billion. - Special Outings: Dining out or planning special outings will see a 35% increase, reflecting a broader trend of prioritizing experiences over material gifts. The NRF's survey highlights the evolving consumer preferences, emphasizing a shift towards personalized and memorable celebrations. This surge in spending is a positive indicator for the retail sector, showcasing consumer confidence and the growing importance of celebrating special occasions with loved ones. 💝 Let's recognize the hard work of all fathers and the meaningful ways we show our appreciation. 🌟 https://lnkd.in/gsbvU34t #FathersDay #ConsumerSpending #RetailTrends #NRF #EconomicIndicators
Father’s Day Spending to Total $22.4 Billion
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Mother’s Day is just a few days away! 💐 Personally, I believe mothers should be celebrated daily for all they do, but we publicly recognize them only once a year. According to the National Retail Federation we will be making the most of the day by spending a projected $33 billion this year. The big question that many of you will understand ~ with so many options available by retailers ~ why is it so hard to find the perfect gift? 😉 #consumerspending #consumerbehavior #retailindustry #mothersday #shopping #nationalretailfederation
Consumers Expected to Spend Near-Record $33.5 Billion on Mother’s Day
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Holiday season is just around the corner and gift-giving is an integral part of it. But have you ever wondered when consumers start their holiday shopping? From the allure of deals to the strategic planning behind early purchases, a new YouGov survey seeks to understand the heartbeat of those who choose to deck the halls while others are still drafting Wishlist. Check out the survey to stay ahead of the game this festive season! #gift #consumerinsights #valentinesday #ramadan #consumerinsights
From wish list to cart: Explore the growing trend of early holiday shopping
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I hope everyone had a happy Fourth of July! I'm sure many will still be celebrating through the weekend, with plenty of food and fun to go around. Before the holiday, I asked RetailWire's BrainTrust members what they believe specifically drives consumer behavior on this hot holiday. Check out their thoughts and some additional insights from the National Retail Federation and Numerator. Read the full article here: https://lnkd.in/eEDQMuHd #consumerbehavior #fourthofjuly #retailtrends
What Drives Consumer Behavior on the Fourth of July?
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