With Valentine's Day two weeks away, will you have your heart or your cash (perhaps both)
in your hand?
- Couples this year will spend an average of $68.98 on significant others or spouses, up from $63.43 last year
- The average man plans to spend $158.71 while the average woman plans to spend $75.79
- The average person will spend:
- $116.21 on traditional Valentine's Day merchandise up 11% over last year's $103
- $5.04 on pets up from $3.27 last year
- Consumers will spend an average of:
- $6.30 on friends
- $4.97 on classmates and teachers
- $3.41 on co-workers
52.1% of consumers are planning to purchase greeting cards, the most popular gift option, while 17.7% of consumers are planning to purchase jewelry, up from 15.5% from last year
- Consumers are planning to spend on:
- Shiny, happy...ears, fingers and necks?
- $3.5 billion on jewelry up from an estimated $3.0 billion from last year
- $3.4 billion on dining out up from $3.3 billion last year
- $1.6 billion on clothing up from $1.5 billion last year
- Stop and smell
spend money onthe roses - $1.7 billion on flowers
- $1.5 billion on candy
- $1.1 billion on greeting cards
- Where will consumers spend their heart-earned money?
- 36.6% discount stores
- 30.5% department stores
- 19.4% specialty stores
- 18.1% online
- Greeting Card Fun Facts
- According to the Greeting Card Association, as estimated one billion valentine cards are sent each year, making Valentine's Day the second largest card-sending holiday of the year (behind Christmas)
- Approximately 80% of all valentines are purchased by women
- In addition to the United States, Valentine's Day is celebrated in Canada, Mexico, the United Kingdom, France and Australia
- A Little History
- Valentine greetings were popular as far back as the Middle Ages, although written valentines didn't emerge until after 1400
- The oldest known Valentine card is on display at the British Museum
- The first commercial Valentine's Day greeting cards produced in the U.S. were created in the 1840's by Esther A. Howland, known as the Mother of the Valentine
- Howland produced handiwork with lace, ribbons and colorful pictures known as "scrap"
Image:Patchareeya99 / FreeDigitalPhotos.net/freedigitalphotos.net
Sources:
Love Is In the Air this Valentine's Day According to NRF, nrf.com, 1/27/11
About Greeting Cards - General Facts, greetingcard.org
Valentine's Day, history.com
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