Survey: Mother’s spending expected to rise in over last year
Washington, D.C. -- Survey results released Tuesday by the National Retail Federation said that consumers are expected to stretch their dollars a little further this Mother’s Day to make sure mom has the perfect day.
According to NRF’s 2012 Mother’s Day consumer spending survey conducted by BIGinsight, the average person celebrating the holiday is expected to spend $152.52 on gifts, up from $140.73 last year. Total spending is expected to reach $18.6 billion.
“Despite grappling with high gas prices, Americans will look for sentimental and unique ways to shower mom with affection this year,” said NRF president and CEO Matthew Shay. “As one of the most important holidays of the year, consumers can expect to see a wide range of promotions from mom’s favorite retailers leading up to the big day, including savings on apparel and electronics and even special Mother’s Day menu options at restaurants.”
According to the survey, consumers will spoil mom with special meals and/or outings, clothing, electronics, flowers and more. Two-thirds (66.4%) will buy flowers, spending a total of $2.2 billion, and nearly one-third (32.8%) will treat mom to a new blouse or sweater, spending $1.6 billion on clothing and accessories. Those buying electronics (12.7%) will shell out a total of $1.6 billion on tablets, digital cameras and more, and over half (54.3%) of all celebrants will treat mom to a nice dinner or brunch, spending $3.4 billion. Additionally, consumers will shell out $1.8 billion on gift cards and $1.3 billion on personal services such as a trip to a day spa.
When it comes to where people will shop, the survey found nearly two-thirds (35.6%) of gift buyers will shop at a department store, the most in the survey’s history. Adults ages 18-24 also prefer to shop at department stores where more than half (55.7%) will look for the perfect gift for mom. Other shoppers will head to discount stores (30.2%), specialty stores including jewelers, florists and electronics stores (36.3%) and specialty clothing stores (8.2%). One-quarter (25.6%) of shoppers will buy their gifts online, up from 21.5% last year.
Mobile and tablet owners will keep a keen eye out for deals this Mother’s Day as nearly four in 10 (39.3%) smartphone owners and 51.2% of tablet owners plan to use their devices to research products/compare prices, redeem coupons, look up retailer information and purchase gift items. Specifically for tablet owners, nearly one-quarter (24.4%) will purchase a gift for mom, 35.7% will research products and compare prices, and 19.6% will look up retailer information such as store hours and location. Tablet owners ages 18-24 and 25-34 will make the most of their device as 40.4% and 40.9%, respectively, plan to shop and purchase gift items for mom via their tablets.