The NRF Tells Us to Expect Record Spending for Mother’s Day This Year

May 4, 2017

This article is included in these additional categories:

Food & Restaurants | Retail & E-Commerce | Spending Trends | Youth & Gen X

Mother’s Day spending will reach a new peak this year, says the NRF in a new forecast. And it’s not due to more celebrants: instead, the 85% of adults planning to celebrate this year will spend an average of $186 on the holiday, up from $172 last year and boosting total spending to a projected $23.6 billion. That would approximate a double-digit (10%) rise from last year’s predicted total.

The gifts that will contribute most to that total, based on the NRF survey, are:

  • Jewelry – $5 billion total (up from $4.2 last year), with 36% of shoppers buying;
  • Special outings such as dinner or brunch – $4.2 billion total (up from $4.1), with 56% planning;
  • Flowers – $2.6 billion total (up from 2.4), with 69% expecting to purchase; and
  • Gift cards – $2.5 billion total (up from 2.2), planned by 45%.

Of note, older Millennials (25-34) will shell out the most for Mother’s Day this year.

Shoppers are most likely to be visiting department stores (35%) for gifts, with many also planning to visit specialty stores (31%) and make purchases online (30%).

About the Data: The results are based on a survey conducted April 4-11 among 7,406 US adults.

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