News

Advanced Search

NRF Predicts Strong Valentine’s Jewelry Sales

Feb 7, 2018 8:57 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Consumers plan to spend $19.6 billion on gifts this Valentine’s Day, with jewelry topping the list at $4.7 billion.

A survey by the National Retail Federation (NRF) showed a 3% rise in the amount consumers intend to lay out on their loved ones over the holiday. Other items on the list were an evening out at $3.7 billion, flowers at $2 billion, $1.9 billion for clothing and $1.8 billion for candy.

“Valentine’s Day has become a holiday consumers take advantage of, not only to spoil their loved ones, but themselves,” said Phil Rist, executive vice president of strategy at Prosper Insights & Analytics, which conducted the poll with the NRF.

“Gifts of experience,” including concerts and sporting event tickets, were also a popular choice.

The survey found that 35% of shoppers were planning to make their purchases at department stores, 32% at discount stores, and 29% online.
Tags: Jewelry, National Retail Federation, NRF, Phil Rist, Prosper Insights & Analytics, Rapaport News, Valentine’s Day
Similar Articles
NRF 150US Retail Sales Rise in July
Aug 19, 2018
US retail sales increased in July, as consumers continued to spend despite fears over the escalating trade war.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.