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Mother’s Day spend to grow 2%
New York – Consumers might be a little nicer to Mom this year than last year. IBISWorld expects total Mother’s Day spending to reach $20.8 billion, representing an increase of 2% from 2014 spending, and an annualized increase of 6.5% since 2010.
Average household spending on Mother’s Day is also set to grow, with the standard family shelling out an estimated $169.21, representing a 4% increase from the 2014 average.
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Office Depot implores shareholders to support Staples' acquisition deal
Boca Raton, Fla. -- Office Depot will urge its stockholders to support a merger with Staples by asking them to vote in favor of the $6.3 billion acquisition by Staples at an annual meeting. Industry insiders say the merger could help the pair solidify their positions in the office supplies market and fend off gains made by Amazon and Walmart in the category.

