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
Consumers Will Still Spend for Mother’s Day,
Just Not as Much, According to NRF Survey
Washington, April 22, 2008 – Mother’s Day might not be as rosy for mom this
year, with consumers planning on scaling back on the quantity of gifts they buy
for the holiday. According to NRF’s 2008 Mother’s Day Consumer Intentions and
Actions Survey, conducted by BIGresearch, consumers will spend an average of
$138.63 this year, compared to
$139.14 last year. Total consumer spending is expected to reach $15.8
billion.
Of the 84.2 percent of consumers celebrating Mother’s Day, the majority will
invest in one major gift for mom, instead of several smaller gifts. This is
largely apparent in the jewelry category: while the percentage of those buying
jewelry decreased from last year (32.8% vs. 29.7 in 2008), those planning on
buying mom something shiny will still spend a total of $2.7 billion, compared to
$2.1 billion last year.
“Mom has been saying for decades that it’s the thought that counts on Mother’s
Day, and this year, kids might actually be listening,” said NRF President and
CEO Tracy Mullin. “Retailers will offer specials on popular items such as
digital cameras and gardening tools to make it easy for those who want to
surprise mom with a gift.”
When it comes to popular gifts, consumers will shell out nearly $3.0 billion on
a special dinner or brunch, $1.2 billion on consumer electronics like digital
cameras, digital photo frames and video cameras, $2.0 billion on flowers, $1.4
on clothing and accessories and $1.1 billion on personal service gifts like a
trip to a favorite spa or salon. Shoppers will also spend $1.6 billion on gift
cards/gift certificates, $696 million on housewares and gardening tools and $672
million on greeting cards.
The majority of consumers shopping for Mother’s Day gifts will head to specialty
stores (35.0%), discount stores (25.7%) and department stores (28.8%). Others
will shop at specialty clothing stores (6.6%), online (18.3%) and through
catalogs (3.4%).
Young adults aged 18-24, many of whom have wives, mothers, grandmothers and
sisters, will spend the most at an average of $170.71. The 25-34 year-old age
group will spend an average of $153.17, followed by 35-44 year-olds who will
spend an average of $145.86.
“Consumers will be very cautious with their wallets this Mother’s Day, heeding
mom’s advice that she really doesn’t need much,” said BIGresearch Vice President
of Strategy Phil Rist. “Gas prices and other economic issues will still be at
the forefront of people’s minds as they shop around for the perfect gift for
mom.”
About the Survey
The NRF 2008 Mother’s Day Consumer Intentions and Actions Survey, conducted for NRF by BIGresearch, was designed to gauge consumer behavior and shopping trends related to Mother’s Day. The poll of 8,180 consumers was conducted from April 1-8, 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.
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
###