This Valentine's Day, Americans are expected to drop billions of dollars — all in the name of love.
A report by the National Retail Federation estimated that American consumers will spend $25.9 billion. That would mark a $2 billion jump from 2022.
On average, consumers are expected to dole out about $192.80 each, compared to 2022 when they spent $175.41 on the day. That figure is supposed to jump to $335.71 for people between the ages of 35 and 44, who are expected to spend a little more than any other age bracket.
“This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” noted Matthew Shay, president and CEO of the National Retail Federation, in a statement.
So what do people plan to buy? The report predicts that 57 percent of V-Day funds will be spent on candy, 40 percent on flowers, 21 percent on jewelry, 20 percent on gift cards, and clothing will likely account for 19 percent of spending.
The report also indicated that more than half of people planning to spend will take advantage of sales and promotions as they make purchases.
From hanging ice pops to root beer floats, Andrea Correale of Elegant Affairs shows off some delightful snack ideas for your Labor Day Party.
Danny Seo, editor-in-chief of Naturally Danny Seo, magazine suggests some products you can consider if you want to make more Earth-friendly purchases.
Tennis fans head to the U.S. Open for the competition, but these days they gladly stay for the food.
During the ongoing strike, actors are making money on the Cameo app, which lets fans pay for a short, personalized clip from their favorite celebrities.
Chef Joshua Resnick offers knife skills tips that will help you cook better food that looks professional.
Barker — also a longtime animal rights activist — died Saturday morning at his home in Los Angeles, publicist Roger Neal said.
Fortnite launched a trailer for its brand-new season.
Ariana Grande uploaded a live performance of her song 'Honeymoon Avenue.'
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we're following the Jackson Hole Economic Symposium, UPS, Dollar Tree, Nvidia and Peloton.
Miley Cyrus and Selena Gomez released new music on Friday.
Load More