News

Consumers Spend Big For Mother's Day

Beauty retailers look out: Families this year are ready to splurge for Mother's Day, according to the National Retail Federation’s 2015 Mother’s Day Spending Survey conducted by Prosper Insights & Analytics.

Americans will spend an average of $173 on mom this year, up nearly $10 from $163 last year and the highest amount in the survey’s 12-year history. Total spending is expected to reach $21.2 billion.

Tax Refunds May Be a Boon to Retail Spending in 2015

Sixty-six percent of U.S. consumers expect to receive a tax refund this year, according to a consumer survey sponsored by the International Council of Shopping Centers. These consumers were then asked how they plan to use their refunds. Of the possible options, spending this money on goods and services, including apparel, electronics and convenience items was selected by 47% of consumers.