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IBISWorld Predicts 4% Increase in Mother's Day Jewelry Sales

May 6, 2014 12:14 PM   By Jeff Miller
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RAPAPORT... IBISWorld anticipates that gift spending for Mother's Day in the U.S. will increase 3 percent year on year to  $18.1 billion, with the average household spending $156.60 on related purchases. The research firm found that  jewelry, dining out at restaurants and flowers would again be the most popular gifts, although gift certificates and electronics will gain traction among time-strapped shoppers who are looking to buy gifts online or at the last minute.

Citing "substantial improvement in disposable income,"  IBISWorld predicted that overall spending for jewelry gifts would improve 4 percent year on year to $3.1 billion.  Jewelry and flowers will increasingly be purchased online, highlighting the appeal of Internet shopping to busy households, according to the group.

Those retailers that do  capitalize on ecommerce and offer same-day local delivery stand to gain from the holiday's expected consumption patterns, according to the group.

In contrast,  the National Retail Federation (NRF) and Prosper Insights & Analytics predicted that the  average gift spending amount for Mother's Day would drop about $6 to $162.94, and that  consumer spending on jewelry would decline almost 14 percent year on year to $3.65 billion.


Tags: gift spending, ibisworld, Jeff Miller, Jewelry, mother's day, Shopping
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