This Mother\u2019s Day, the glint of gold and the sparkle of diamonds are set to take centre stage as consumers are expected to spend an impressive $7 billion on jewellery. This figure is part of a broader trend that sees Mother\u2019s Day spending reach a near-record total of $33.5 billion, according to the National Retail Federation (NRF) and Prosper Insights & Analytics.<\/p>\n
The survey, which anticipates the second-highest spending in the survey\u2019s history, highlights the enduring tradition of honouring mothers with gifts that last. \u201cMother\u2019s Day is a time to celebrate the women who play a meaningful role in our lives,\u201d NRF President and CEO Matthew Shay said. \u201cRetailers know the significant importance of this day and are ready to help their customers with a wide selection of meaningful gifts for loved ones to show their appreciation.\u201d<\/p>\n
While flowers and greeting cards remain popular, with 74% of shoppers opting for these classics, jewellery stands out as a significant category with consumers planning to spend an average $53.12 on jewellery. It represents a commitment to giving gifts that are both thoughtful and enduring.<\/p>\n
The survey reveals that the biggest spenders are those aged 35 to 44, who are planning to allocate an average of $345.75 for the holiday. This demographic is particularly inclined towards more substantial gifts, with jewellery being a favoured choice.<\/p>\n
\u201cEven though consumers continue to gravitate toward classic Mother\u2019s Day gifts like flowers and greeting cards, almost one-third plan to give a gift of experience this year,\u201d Prosper Executive Vice President of Strategy Phil Rist said. \u201cConsumers also plan to spend more on special outings than they have in the past.\u201d<\/p>\n
Online shopping remains the preferred method for purchasing Mother\u2019s Day gifts, with 35% of consumers choosing this convenient option. However, department stores (32%), specialty stores (29%), and local businesses (25%) also play a significant role in facilitating these heartfelt transactions.<\/p>\n
With Mother\u2019s Day around the corner, the jewellery industry is poised for a bustling season, as consumers seek out the perfect pieces to express their love and gratitude.<\/p>\n","protected":false},"excerpt":{"rendered":"
This Mother\u2019s Day, the glint of gold and the sparkle of diamonds are set to take centre stage as consumers are expected to spend an impressive $7 billion on jewellery. This figure is part of a broader trend that sees Mother\u2019s Day spending reach a near-record total of $33.5 billion, according to the National Retail…<\/p>\n","protected":false},"author":1,"featured_media":25814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-25813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n