Retail Industry
Industry: Email Alert RSS FeedDSN CHARTS: Valentine's Day Shopping - Brief Article
Discount Store News, Feb 7, 2000
GENDER
Women
* Average Valentine's budget: $56
* Most plan to shop at discount stores (40%) with specialty stores a distant second choice (19%)
* Most will have their shopping done before Feb. 14 (72%)
* Most will but candy (28%) and cards (26%)
* More than one-third (36%) prefer romantic cards.
* Many buy for a range of people, including their husbands (44%), kids (33.5%), adult children (14.4%), parents (13%), boyfriends (13%) and grandchildren (5%).
Men
* Average Valentine's budget: $119
* Most plan to shop at specialty stores & florists (30%)
* One-quarter won't shop until Feb. 13 or 14
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* Most will buy flowers (28%), candy (23%), cards (17.6%) and jewelry (10%)
* Most will buy gifts for wives (66%) or girlfriends (22%)
Source: IMRA
The perky economic climate promises to carry over to Valentine's Day this year. A recent survey by the international Mass Retail Association found that consumers plan to increase their overall spending for the holiday by about 21%. Although the $77.43 average budget for Valentine's 2000 is higher than last year, it still falls below the 1998 average of $95.32.
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