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Bob Carey
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Factoid of the Day Wednesday, April 26, 2017
The National Retail Federation (NRF) estimates that U.S. consumers will spend a record $23.6 billion to celebrate Mother's Day this year, up from $21.4 billion in 2016, according to its own release. The low over the past decade was $13.4 billion in 2009. On average, consumers are expected to spend $186.39. The NRF expects consumers to spend the most on the following: Jewelry ($5.0 billion); Special Outings such as Brunch/Dinner ($4.2 billion); Flowers ($2.6 billion); Gift Cards ($2.5 billion); Clothing ($2.1 billion); and Consumer Electronics ($2.0 billion).
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