• The National Retail Federation (NRF) is out with a new study saying that “the average person will shell out $126.90 on Mother’s Day gifts, compared to $123.89 last year. Total spending is expected to reach $14.6 billion.
“As one of the biggest holidays of the year, billions will be spent at restaurants or on clothing, jewelry and flowers. Nearly two-thirds (65.2%) of celebrants will buy flowers, totaling $1.9 billion. An additional 51.8 percent will treat mom to a brunch or dinner, spending $2.9 billion on mom’s favorite food. Jewelers will also see some traffic this year with 26.2 percent of people planning on buying a special bracelet or earring set, totaling $2.5 billion. Others will buy clothing or clothing accessories ($1.3 billion), gift certificates ($1.5 billion), personal service such as a day at the spa ($933 million), consumer electronics ($906 million) and greeting cards ($671 million).”
• Crain’s Chicago Business reports that Chick-Fil-A Inc. plans to open a restaurant in Chicago next year, part of its new strategy to enter urban markets ... The private, family-owned chain popular in the South for its fried chicken sandwiches plans to have at least 25 Chicago-area Chick-Fil-As in the next five years and is using Chicago as a test market for developing urban restaurants.”
“As one of the biggest holidays of the year, billions will be spent at restaurants or on clothing, jewelry and flowers. Nearly two-thirds (65.2%) of celebrants will buy flowers, totaling $1.9 billion. An additional 51.8 percent will treat mom to a brunch or dinner, spending $2.9 billion on mom’s favorite food. Jewelers will also see some traffic this year with 26.2 percent of people planning on buying a special bracelet or earring set, totaling $2.5 billion. Others will buy clothing or clothing accessories ($1.3 billion), gift certificates ($1.5 billion), personal service such as a day at the spa ($933 million), consumer electronics ($906 million) and greeting cards ($671 million).”
• Crain’s Chicago Business reports that Chick-Fil-A Inc. plans to open a restaurant in Chicago next year, part of its new strategy to enter urban markets ... The private, family-owned chain popular in the South for its fried chicken sandwiches plans to have at least 25 Chicago-area Chick-Fil-As in the next five years and is using Chicago as a test market for developing urban restaurants.”
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