Mother's Day Gives Retailers a Needed Boost

Summary


Consumers are planning to spend a little bit more on mom this year.

Mother's Day is the second largest consumer spending holiday - behind Christmas and Hanukah - and this year will be no exception. The average person will spend $126 to make mom feel special, up slightly from $123 last year. Total spending is expected to reach $14.6 billion - giving a much-needed boost to winter-weary retailers.

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Extract


Mother's Day Gives Retailers a Needed Boost

The money will be spent at restaurants or on clothing, jewelry and flowers. Ne...

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