National Retail Federation
NEWS RELEASE
THE VOICE OF RETAIL WORLDWIDE
Liberty Place, 325 7th Street, NW, Suite 1100, Washington, DC 20004
FOR IMMEDIATE RELEASE
Contact: Kathy Grannis or Scott Krugman (202) 783-7971
grannisk@nrf.com or
krugmans@nrf.com
Earliest Easter Since 1913 to See $14.44 Billion in Spending
Washington, March 14, 2008 – Apart from those who have reached their 95th
birthday, Americans have never celebrated Easter as early as they will this
year. With Easter falling on March 23, the earliest Easter since 1913, consumers
will be welcoming the first tastes of spring while planning for the holiday.
According to the National Retail Federation’s 2008 Easter Consumer Intentions
and Actions Survey, conducted by BIGresearch, consumers are expected to spend a
total of $14.44 billion on Easter food, apparel, gifts, flowers, decorations and
candy. The average consumer will shell out $135.03 on the holiday, similar to
last year’s expected $135.07.
This year, 79.0 percent of consumers will hit the stores to stock up on
marshmallow-shaped chicks, Easter baskets, plastic bunnies, flimsy hats and
chocolate-covered eggs. Of those celebrating, the majority will spend the most
on Easter meals ($41.09 on average). Consumers will also dish out an average of
$23.82 for apparel, $21.42 for gifts, $18.12 on candy, $9.11 on flowers and
$7.21 on decorations.
“Easter is typically seen as the official kick-off to spring, when retailers
debut new clothes and consumers are in the mood to buy for warmer weather,” said
NRF President and CEO Tracy Mullin. ”Although this is one of the earliest Easter
holidays on record, retailers are hoping that this year will be no different.”
Discount stores will see the most Easter traffic this year (58.8%) while
department stores (35.6%), specialty stores (23.6%) and specialty clothing
stores (7.6%) will also benefit from shoppers.
The average young adult between 18-24 years old is expected to spend the most on
decorations this year ($11.09), sprucing up dorms and apartments. Young families
aged 25-34 will spend an average of $10.00 on decorations, followed by 35-44
year olds ($7.44) and 45-54 year olds ($5.85). In total, 25-34 year olds will
spend the most this Easter ($151.41).
“Consumers who are planning big family gatherings will head to grocery stores in
droves this week,” said Phil Rist, Vice President of Strategy at BIGresearch.
“Many will also purchase gifts for children, grandchildren and other loved ones
while they are shopping for a seasonal outfit or decorations.”
About the Survey
The NRF 2008 Easter Consumer Intentions and Actions Survey, conducted for NRF by
BIGresearch, was designed to gauge consumer behavior and shopping trends related
to Easter. The poll of 7,796 consumers was conducted from March 4-11, 2008. The
consumer poll has a margin of error of plus or minus 1.0 percent.
BIGresearch is a consumer market intelligence firm that provides unique consumer
insights that are gathered online utilizing very large sample sizes.
BIGresearch’s syndicated Consumer Intentions and Actions survey monitors the
pulse of more than 7,000 consumers each month to empower its clients with unique
insights for identifying opportunities in a fragmented and changing marketplace.
www.bigresearch.com
The National Retail Federation is the world's largest retail trade association,
with membership that comprises all retail formats and channels of distribution
including department, specialty, discount, catalog, Internet, independent
stores, chain restaurants, drug stores and grocery stores as well as the
industry's key trading partners of retail goods and services. NRF represents an
industry with more than 1.6 million
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