With Easter on Sunday, don’t be surprised to see cards picked over this week.
Consumers are expected to spend quite a bundle as they hunt for Easter gifts this year. According to the National Retail Federation, consumers will spend about 18-point-two-billion-dollars on Easter. That's slightly down from last year, but the second-highest on record. At least 81% of Americans will celebrate the holiday by spending an average of about $150 per person, down from $152 last year.
Men are likely to spend about $20 more on Easter gifts than women. Topping the list of items that consumers will spend the most on will be candy and food followed by gifts, clothing and greeting cards.
Despite the low numbers. It may be the second biggest year in history.
Source: Footwear News