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No one will
forgo celebrating Mother's Day because of the bad economy, but
they will put careful thought into what they buy and how much
they spend.
Phil Rist, Executive Vice President, Strategic Initiatives,
BIGresearch
Americans will spend an average
of $123.89 per person for Mother's Day, compared to $138.63 in
2008. Consumers will spend $857 million on electronics or
computer-related accessories for Mom, and total Mother's Day
spending is expected to reach $14.10 billion according to the
National Retail Federation's 2009 Mother's Day Consumer
Intentions and Actions Survey.
Of the four in five Americans (83.3%) who
will celebrate Mother's Day, the majority
will focus on the women with whom they are
closest. Most people (62.4%) will purchase
gifts for their mother/stepmother or wife
(21.7%) and scale back on gifts for
daughters (8.8% vs. 9.4% in 2008), friends
(6.8% vs. 7.1% in 2008) and godmothers (1.6%
vs. 2.1% in 2008) in order to save some
money.
"Retailers understand that people are on strict budgets, even
for important holidays," said NRF President and CEO Tracy
Mullin. "Budget-friendly gift ideas will abound this Mother's
Day." Mullin says discounted digital cameras, books and apparel
will lead holiday sales.
The majority of people (66.8%) will buy flowers for mom,
spending a total of $1.9 billion on those purchases. Slightly
more than half (54.8%) will treat mom to a special outing such
as dinner or brunch, for a total of $2.7 billion. People will
also spend $2.3 billion on jewelry, $1.5 billion on gift cards,
$1.2 billion on clothing or clothing accessories, and $1.1
million on personal services such as a day at the spa. In
addition, consumers will spend $587 million on housewares and
gardening tools, and $487 million on books or CDs.
In the search for the best bargains, one-third (30.2%) of
Mother's Day shoppers will purchase mom's gift from discount
stores, while 27.2 percent will search out their favorite
department store. Others will head to specialty stores like
florists, gift stores and electronics stores (33.0%) and
specialty clothing stores (5.5%). As evidence that the internet
continues to play an important role in the way people shop, 18.2
percent will shop online.
"No one will forgo celebrating Mother's Day because of the
bad economy, but they will put careful thought into what they
buy and how much they spend," said Phil Rist, Executive Vice
President, Strategic Initiatives, BIGresearch.
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