News

Advanced Search

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

May 6, 2014 12:14 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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
Similar Articles
Rapaport TradeWire February 27, 2020
Feb 27, 2020
Industry Retail Mining General Finance February 27, 2020 RAPAPORT MARKET COMMENT Diamond market weak
Rapaport TradeWire February 6, 2020
Feb 06, 2020
Industry Retail Mining General Finance February 6, 2020 RAPAPORT MARKET COMMENT Hong Kong shows postponed
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.