Valentine’s Day spending to hit near record this year


Shoppers are expected to spend big on Valentine’s Day this year, according to a recent survey by the National Retail Federation and Prosper Insights and Analytics.

The report estimates average consumers will spend $143.56 on Valentine’s Day this year on items like flowers, dining out, concert tickets, candy, jewelry and other items. That’s up from an average of $136.57 last year, according to information from the National Retail Federation.

READ MORE: History of Longo’s Fruit Store in Springfield

Total spending is expected to be about $19.6 billion, up from last year’s $18.2 billion, and just short of a record high of $19.7 billion spent in 2016. The survey asked about 7,300 consumers about their Valentine’s Day plans, according to information from the National Retail Federation.

“Valentine’s Day has become a holiday consumers take advantage of not only to spoil their loved ones but themselves,” said Phil Rist, Prosper executive vice president of strategy in a press release. “Shoppers should look out for deals on everything from candy to date-night dinner packages in the coming days, leaving plenty of options for those looking to make the occasion truly special.”

QUICK BUSINESS READS:

Marathon nearly triples earnings to $3.4B, Speedway earns $732M

Home sales up slightly in Clark County but sales prices drop

Surprised by out-of-network bills? Insurer gives tips

Navistar to redesign trucks, begin UAW talks in Springfield in 2018

Does Clark County need new housing to be successful?



Reader Comments ...


Next Up in News

Experts: Americans, borrowing more than ever, must learn to eliminate debt
Experts: Americans, borrowing more than ever, must learn to eliminate debt

With education costs and credit card balances higher in recent years, experts say you may have to make drastic changes to get a handle on your debt.  Matt Ingram, a finance lecturer at Wright State University, says Americans are borrowing more than ever.  "When the economy is growing and people feel stable in their jobs, they think it's...
Fight to lead Ohio House leads to accusations of threats, bullying
Fight to lead Ohio House leads to accusations of threats, bullying

The battle to pick an interim speaker of the Ohio House took a bizarre turn Wednesday as accusations were made about threats, bullying and extortion. State Rep. Ryan Smith, R-Bidwell, who is vying to be speaker for the remainder of the two-year session and the next session starting in January, held an extraordinary press conference outside the House...
Maker of Sweethearts candy message hearts, Necco Wafers sold for $18.83 million
Maker of Sweethearts candy message hearts, Necco Wafers sold for $18.83 million

The bankrupt maker of Necco Wafers, Sweethearts conversation hearts and other beloved American candies has a new owner. >> Read more trending news  The Ohio-based Spangler Candy Co. offered the winning bid of $18.83 million for the iconic New England Confectionery Co., the country’s oldest continuously operating candy company...
40,000 pounds of chicken feathers blocks freeway in Washington
40,000 pounds of chicken feathers blocks freeway in Washington

Drowsy driving may have caused the driver of a semitrailer to hit a guardrail and roll his truck, dumping 40,000 pounds of chicken feathers onto Interstate 5 in Federal Way, Washington and causing a backup that stretched for miles. The crash happened on northbound I-5 around 3:30 a.m. Wednesday.  Initially, four lanes were closed by the crash...
Stormy Daniels Day: West Hollywood honors adult film star with key to city
Stormy Daniels Day: West Hollywood honors adult film star with key to city

The city of West Hollywood, California, proclaimed May 23 Stormy Daniels Day and is honoring the adult film star with a key to the city. >> Read more trending news  The city said in a Twitter announcement that it’s honoring Daniels for her leadership in the #Resist movement. “In these politically tumultuous times, Daniels has...
More Stories