View Single Post
  #1 (permalink)  
Old 02-11-2007, 09:35 AM
jeffrey's Avatar
jeffrey jeffrey is offline
Administrator
 
Join Date: Apr 2004
Posts: 4,948
Points: 379810.80
Donate
Default The Cost Of Love Increases Again

It's costing more to show your love according to the National Retail Federation (NRF) 2007 Valentine's Day Survey. The average American will spend over $100 ($119.67) this February 14, up from $100.89 last year and $97.27 in 2005. Well over half (63.4%) of consumers are going to celebrate with total spending is expected to reach $16.9 billion, up over $3.2 billion from 2006.

Men will spend nearly double what women spend on the holiday ($156.22 versus $85.08) and will be purchasing more flowers (58.3% vs. 52.3% in 2006) as well as more jewelry (27.6% vs. 22.4% in 2006) this year.

62.8% of consumers will purchase at least one greeting cards for the holiday, with 42.9% buying candy and 53.1% enjoying an evening out with their sweetheart.

More Valentine's Day facts:

189 million roses were produced for Valentine's Day in 2006, with 74% of rose purchases made by men, according to the Society of American Florists.

According to the National Confectioners Association, about 8 billion conversation hearts will be produced this year; that’s enough candy to stretch from Rome, Italy to Valentine, Ariz. and back again 20 times.

Valentine's Day is the third most popular card-sending holiday behind Christmas and Father's Day, according to the National Retail Federation.


Reply With Quote