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NRF: Valentine’s spending looks rosy
Washington, D.C. – Valentine’s Day should be especially sweet for retailers this year. According to the National Retail Federation (NRF) Valentine’s Day Consumer Spending Survey conducted by Prosper Insights and Analytics, the average person celebrating Valentine’s Day will spend $142.31 on candy, flowers, apparel and more.
That figure is up 6% from $133.91 in 2013. Total spending is expected to reach $18.9 billion, a survey high.
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ShoeBuy buys stake in Boston Boot Co.
ShoeBuy, a global online retailer of shoes and clothing, is expanding into footwear manufacturing.
The company has acquired a minority stake in Boston Boot Company. Now, the complete Boston Boot Company product line will be available at ShoeBuy.com, bringing the brand to millions of shoppers. Financial details of the deal were not disclosed.