Valentine’s Day Retail Math
This Valentine’s Day, consumers are expected to spend an estimated $18.6 billion for their loved ones. More than $4 billion on jewelry alone.
Consumers will also buy greeting cards, chocolate and candy and lingerie for their Valentines. And for those who are single this year, expect sales to increase for online dating services.
Furthermore, according to RetailMeNot, chivalry is not dead. Men will outspend women by more than $120.
Happy Valentine’s Day from MMC!Image source