valentines day spend 2016
TRANSCRIPT
Valentine’s Day 2016 SpendOver 90% will spend $12.1B on spouses and significant others and over 20% will spend $700M on pets. An evening out is the 2nd largest and fastest growing gift type.
Source: National Retail Federation
Significant other or spouse
$12.1B
Other family members
$3.7B
Friends
$1.0B
Children's classmates & teachers
$1.0B
Co-workers
$0.8B
Pets
$0.7B
Other
$0.5B
Total
$19.7B
91% 59% 22% 21% 12% 21% 9%Percent BuyingAverage Spend
3.1% 6.8% 5.2% 4.2%YoY Change
91% 59% 22% 21% 12% 21% 9%Percent BuyingAverage Spend
3.1% 6.8% 5.2% 4.2%YoY Change
Estimated Valentine’s Day Spend by Recipient
$97 $45 $32 $28 $39 $25 $51 $14213.5% -5.3% -3.1% -18.9%
$97 $45 $32 $28 $39 $25 $51 $14213.5% -5.3% -3.1% -18.9%
Jewelry
$4.4B
An evening out
$4.5B
Flowers
$2.0B
Clothing
$2.0B
Candy
$1.8B
Gift card/ certificate
$1.7B
Greeting cards
$1.1B
Other/ not specified
$2.2B
Total
$19.7B
20% 38% 36% 17% 50% 15% 48% n/aPercent Buying$166 $87 $41 $87 $26 $81 $18 n/aAverage Spend
-8.0% 23.8% -5.1% 3.2% 4.2% n/a 9.4% n/a 4.2%YoY Change
20% 38% 36% 17% 50% 15% 48% n/aPercent Buying$166 $87 $41 $87 $26 $81 $18 n/aAverage Spend
-8.0% 23.8% -5.1% 3.2% 4.2% n/a 9.4% n/a 4.2%YoY Change
Estimated Valentine’s Day Spend by Gift Type
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