Consumers Will Spend More on Father’s Day
Dads around the country better clear out some room in their closets. According to the National Retail Federation’s 2007 Father’s Day consumer intentions and actions survey, the average person will spend $98.34 on the holiday, up by nearly 11 percent from $88.80 last year. Consumers will spend some $9.9 billion on father’s day gifts.
Below are some of the most cited intended gifts, among survey respondents.
69.9 percent greeting cards
42.7 percent dinner out
37.1 percent apparel
29.9 percent gift cards
17.8 percent consumer electronics or computer related accessories
13.9 percent sporting goods or tools
13.6 percent tools or appliances
12.4 home improvement or gardening tools
34.2 percent of consumers plan to shop for Father’s Day at department stores
28.7 percent plan to shop at discount stores
12,4 percent home improvement or gardening tools
18.7 percent will shop online
7.3 percent specialty clothing stores
For more information, go to www.nrf.com .