RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

NRF Predicts Strong Valentine’s Jewelry Sales

Category beats out flowers, clothing, candy and other gift choices.
Feb 7, 2018 8:57 AM   By Rapaport News
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
NRFCoronavirus Impact May Reach US Retail
Feb 17, 2020
US retail sales could face growth challenges in February as supply chains...
Bulgari Is Latest Brand to Exit Baselworld
Pomellato Explores Secondhand Market
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us