Monday, June 13, 2016

FATHER’S DAY SPENDING TO REACH RECORD-HIGH $14.3 BILLION!

'It’s encouraging to see consumers planning to splurge on dads. This increase in spending could be a good sign related to consumers’ willingness to spend more as we head into the second half of the year." Matthew Shay, NRF President and CEO
Consumers say they will spend more than ever on Father’s Day this year as they shower dads with everything from power tools to trips to the ballpark, according to the National Retail Federation’s annual survey conducted by Prosper Insight and Analytics.

Consumers are expected to spend an average $125.92 for the holiday, up from last year’s $115.57. Total spending is expected to reach $14.3 billion, the highest in the survey’s 13-year history but still below this year’s Mother’s Day total of $21.4 billion....

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