Feb 2, 2011
Consumers will spend more for Valentine’s Day this year, and nearly a fifth will shop onlineBy Allison EnrightInternetRetailer.com

E-retailers are expected to benefit as Cupid aims his arrows for Valentine’s Day this year. According to a National Retail Federation survey of nearly 9,000 consumers, shoppers will spend an average of $116.21 on traditional Valentine’s Day merchandise, such as greeting cards, flowers and candy, this year, up 11% from $103.00 in 2010. 18.1% of consumers say they’ll include online retailers among the venues they’ll shop.

A separate survey of 1,200 online consumers from eBillme, an Internet payment service vendor, and conducted by Javelin Strategy & Research, is more bullish about the web’s role in Valentine’s Day gift-shopping. It says 32% of consumers plan to do their Valentine’s Day shopping online, up from 23% last year.

Jewelry sales are expected to climb, as 17.3% of consumers say they’ll buy jewelry as a Valentine’s Day gift this year, up from 15.5% last year, according to the NRF survey. The NRF says consumer spending on jewelry is expected to reach $3.5 billion, up from $3.0 billion in 2010. Apparel sales also are expected to increase slightly.

“Having surpassed expectations during the holiday season, it seems consumers are not done spending on gifts,” says Matthew Shay, president and CEO of the National Retail Federation. “Jewelry, candy and apparel sales should provide a nice boost for retailers.”

Read complete article.




Social Connections


Upcoming Trade Shows

November 30, 2017 - December 3, 2017

TransWorld’s Holiday Jewelry, Fashion & Accessories Show

Schaumburg, IL
December 2, 2017 - December 4, 2017

Charlotte Gift & Jewelry Show

Charlotte, NC
December 3, 2017 - December 6, 2017

Grand Strand Gift & Resort Merchandise Show

Myrtle Beach, SC
December 3, 2017 - December 6, 2017

Showtime ITMA Market

High Point, NC
December 15, 2017 - December 17, 2017

Baton Rouge Jewelry and Merchandise Show

Baton Rouge, LA
75 Applewood Drive, Suite A
PO Box 128
Sparta, MI 49345
616.887.9008
Interested in reading the print edition of Gift Shop? Preview our digital edition »

Get one year of Gift Shop in both print and digital editions for just $30.

Subscribe Today »

website development by deyo designs