Apr 24, 2007

Mother’s Day worth $15.7 billion to retailersBy Dave BurgeEl Paso Times

Local and national retailers are counting on U.S. consumers to express their love for mom by spending some money.

The National Retail Federation forecasts that consumers will spend $15.73 billion on Mother’s Day this year, up from the estimated $13.83 billion spent in 2006.

“When it comes to mom, consumers just don’t hold back,” retail federation spokeswoman Megan Zatko said.

Mother’s Day has a broad economic impact and benefits department stores, discounters, restaurants, specialty retailers, such as jewelers and florists, and even electronics stores, she said.

Read complete article.