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

Morgan Freeman says ‘I did not assault women’ after apology, allegations of sexual assault
Morgan Freeman says ‘I did not assault women’ after apology, allegations of sexual assault

Morgan Freeman has issued another statement since eight women have come forward accusing him of sexual harassment and inappropriate behavior. On Thursday, CNN reported that eight women said that Freeman interacted inappropriately with women in varying work environments. The report said that people described a pattern of the behavior by Freeman while...
Indiana couple finds bobcat sleeping on front porch
Indiana couple finds bobcat sleeping on front porch

A family in Georgetown, Indiana, said they walked on their front porch to find a bobcat sleeping on a chair. WAVE reported that Donna and Ray Singleton, the owners of the home, walked out onto the porch around 7:30 a.m. Monday.  “I looked at it and I thought, ‘That is the biggest cat I have ever seen,’” Donna Singleton ...
Algae plaguing Ohio lakes could force Kasich to take executive action
Algae plaguing Ohio lakes could force Kasich to take executive action

Algae blooms for the past decade or more have invaded Ohio’s lakes and rivers, turning the waterways to a thick green color, killing fish — and in some case leaving the water toxic to humans. The state has spent billions of dollars on solutions to fix the water quality problem and put in place rules to decrease what some scientists say...
Albania national deserts cruise ship, captured at Atlanta Amtrak station, feds say
Albania national deserts cruise ship, captured at Atlanta Amtrak station, feds say

An Albanian national was pulled off an Amtrak train in Atlanta days after he deserted his cruise ship while it was docked in the Port of New Orleans, according to U.S. Customs and Border Protection. >> Read more trending news  A Carnival vessel agent notified the New Orleans customs office May 21 that cruise ship member Gentian Kurdina,...
All eyes on the Tropics and Alberto; remnants could reach Miami Valley
All eyes on the Tropics and Alberto; remnants could reach Miami Valley

Alberto, the first named storm of the Atlantic Ocean season, is forecast to strengthen as it emerges into the open waters of the Gulf of Mexico. The latest forecast from the National Hurricane Center brings the system to strong tropical storm strength before making landfall somewhere along the Louisiana to Florida coastlines, Storm Center...
More Stories