bizologie » valentines http://www.bizologie.com business research and more Fri, 03 May 2013 14:00:43 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Valentine’s Day Dollars http://www.bizologie.com/valentine-spending-up/ http://www.bizologie.com/valentine-spending-up/#comments Mon, 14 Feb 2011 14:00:04 +0000 April http://www.bizologie.com/?p=317 Your sweetie might show be showing a little more love this Valentine’s day. The National Retail Federation recent survey shows that after a couple of years of declining spending on the most romantic day of the year the love is back. Total spending should be up almost 13% over last year.

Spending for the holiday is expected to reach $15.7 billion! With increases in all areas including jewelry, clothing, and dining out. The average per person is a whopping $116. Not surprisingly, the survey shows men spend twice as much as women, and young couples and parents who have to buy for school spend more than those 65+.

Retailers appreciate all the love in the air. “Jewelry, candy and apparel sales should provide a nice boost for retailers during the typically slower months of January and February,” said NRF President and CEO Matthew Shay. The big winners are the discount stores that see 36% of those shopping dollars. Department stores get a 30% share. Specialty stores and online retailers follow with 19% and 18%.

Happy Valentine’s Day from bizologie! xoxo

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