Retailers Thank Easter Bunny: Spending to Rise 11%
New York, NY – Retailers will likely have a Happy Easter as Americans are expected to spend more on candy, flowers and little trinkets to celebrate the holiday, according to the results of a recent survey.
Consumers are expected to spend 11% more than they did last year, or about $16.8 billion, based on the results of a survey conducted by BIGinsight for the retail industry trade group National Retail Federation. The average person celebrating Easter will spend about $145.28, up from $131.04 last year.
That’s no small sum, especially when you consider that most Americans are paying more for gasoline these days.
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This year’s outlook is just peachy.![]()
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The Pantone Color Institute named Peach Fuzz (PANTONE 13-1023) its 2024 Color of the Year, and the hue is already permeating retail. Here we present the latest products adorned in the peachy hue, as well as four complementary hues selected by Pantone for 2024. Read the Spring 2024 Trend Report here: giftshopmag.com/article/spring-2024-trend-report-peach-fuzz-and-its-supporting-cast/![]()
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📸: Photo courtesy of Mud Pie.
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