Wednesday, May 4, 2016

Americans to Spoil Mom with Jewelry, Electronics and Special Outings


WASHINGTON – Americans are looking forward to splurging on their mothers with jewelry, electronics and special outings for Mother’s Day this year. According to the National Retail Federation’s annual survey conducted by Prosper Insights and Analytics, U.S. consumers are expected to spend an average of $172.22, down slightly from last year’s record-high $172.63. 
Total spending is expected to reach $21.4 billion, with 84.4 percent of consumers surveyed celebrating the holiday.

“It’s clear that Americans want to honor their mothers this Mother’s Day,” NRF President and CEO Matthew Shay said. “Whether it’s a special meal at her favorite restaurant, jewelry or a new smartphone, families are planning to indulge mom again this year.”...

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