Christian Retailing

NEWSLETTERS Current Issue Retailers and suppliers tally up Valentine’s Day spending
Retailers and suppliers tally up Valentine’s Day spending PDF Print E-mail
Monday, 20 February 2012 11:22 AM EST

Retailers and suppliers are assessing sales to see whether an anticipated Valentine's Day spending hike—seen as an indication of a rebounding economy—hit registers at Christian stores.

According to the National Retail Federation (NRF), the average person celebrating Feb. 14 was set to spend slightly more than $125—up 8% over last year and the highest amount in the 10 years that Valentine's day spending has been tracked.

Total spending this year was predicted to be $17.6 billion, with $4.1 billion of that going to jewelry, $1.8 billion on flowers, $1.5 billion for candy, $1.4 billion on clothing and $1.1 billion on gift cards.

“As one of the biggest gift-giving holidays of the year, it’s encouraging that consumers are still exhibiting the desire to spend on discretionary gift items, a strong indication our economy continues to move in the right direction,” said NRF President and CEO Matthew Shay ahead of the event. One in five Valentine's Day shoppers was expected to head to a specialty store for their purchases.

The season was a good one for Prestonwood Bookstore at Prestonwood Church in Plano, Texas. “We always do well,” said Kelly Graham, co-manager. “Lots of cards, gifts, decor, jewelry ... we sent out a 'we love our customers' Valentine's card with a coupon to our frequent buyers club.”

Wholesale business was double last year's for 1 Eighty Apparel, said founder Kevin Sumner. “People love giving T-shirts.”

 
Read the Vacation Bible School 2014 guide

In this current issue:

About a Mile garners 2014’s highest-selling debut from new artist

News image

Adam, Luke and Levi Klutinoty—three brothers collectively known as About...

READ MORE

Box-office hit ‘Heaven Is for Real’ now in Christian retail stores

News image

Heaven Is for Real landed on Christian retail-store shelves July...

READ MORE

Trevin Wax named to CT’s millennial influencer list

News image

B&H Publishing Group author Trevin Wax was named to Christianity...

READ MORE

Barbour Publishing signs contract with Josh McDowell

News image

Barbour Publishing has announced it has signed a contract with...

READ MORE

NRF expects stronger second half of retail year

News image

The National Retail Federation on Wednesday lowered its retail sales...

READ MORE

Shoppers say back-to-school shopping is best in-store

News image

Students soon will be headed back to school (BTS), and...

READ MORE

Serial robber hits Family Christian’s Fresno store

News image

Police in Fresno, California, are looking for a man allegedly...

READ MORE

Amazon launches Kindle Unlimited subscription service

News image

Amazon.com introduced on July 18 Kindle Unlimited—a new subscription service...

READ MORE

Facebook tests consumer ‘Buy’ button to help businesses

News image

Facebook is now testing a new feature to help businesses...

READ MORE

Faith-based surfer film nominated for three film festival awards

News image

The Perfect Wave has been nominated for three awards at...

READ MORE

Recording artist Yancy adds Spanish songs to free app

News image

Yancy’s Little Praise Party app is getting a bilingual upgrade with...

READ MORE

Liguori Publications acquires Franciscan Media’s parish resources

News image

Liguori Publications, a Catholic publisher and Redemptorist ministry, has purchased...

READ MORE
100%
-
+
0
Show options

a