According to these 3 separate reports from MarketingCharts.com, we're spending less for Mothers Day next month. One reason could be worries about money. But it looks like Walmart, the "Mother of Discount Retailers" is having a good year:
Mother’s Day Gift Spending: This Year, Less is More… Common
Some 84% of US consumers will celebrate Mother’s Day, most will scale back the number of gifts and instead purchase one major gift, and they will spend $138.63 ($0.51 less than last year) on average, according to the National Retail Federation.
“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.”
Total consumer spending for Mother’s Day is expected to reach $15.8 billion, according to NRF’s survey on Mother’s Day consumer intentions and actions, conducted by BIGresearch.
The study finds that consumers will spend…
- $3.0 billion on special dinners or brunch
- $2.0 billion on flowers
- $1.6 billion on gift cards/gift certificates
- $1.4 on clothing and accessories
- $1.2 billion on consumer electronics like digital cameras, digital photo frames and video cameras
- $1.1 billion on personal service gifts like a trip to a favorite spa or salon
- $696 million on housewares and gardening tools
- $672 million on greeting cards
What Issues Matter Most to Women - Growing Financial Pressures on Family Life
Women and their families are experiencing tremendous financial woes - on issues ranging from housing to credit card debt to healthcare - and are concerned about their long-term financial security, according to a Meredith Corporation/NBC Universal survey.
The nationwide “What do Women Want?” survey of 3,000 women covered a wide range of topics important to women, including marriage and family, health and fitness, safety, and financial matters.
Wal-Mart Sitting Pretty on Top of Fortune 500 List
Wal-Mart Stores posted 2007 revenues of $378.8 billion (up 7.9% from 2006) and profits of $12.7 billion, making it yet again the No. 1 corporation in the Fortune 500, Fortune announced.
Wal-Mart is also the biggest employer, employing more people (2 million) than the US armed forces (1.4 million).
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