Valentine’s Day 2020 – Retail Trends and forecasts – Infographics
Valentine’s Day is not just a perfect time to propose, exchange vows and celebrate romance for couples. Today, it has evolved to be one of the greatest days for retailers as well.
About 55% of Americans celebrate Valentine’s Day and spend over $19.6 billion. In the year 2020, this trend is likely show an upward swing.
Men will spend more
In 2020, men are expected to spend $338 on Valentine’s Day while the women may spend just $64. This trend has not changed over the last few years, which shows the fact that men are more lavish on gifts to their sweet hearts while women prefer to remain grounded.
Cards are still the best
The most popular Valentine’s Day gifts have always been greeting cards. Americans send 190 million Valentine’s Day cards each year, which makes it the second biggest holiday for exchanging greeting cards, after Christmas! In 2020 Americans are expected to spend $1 billion or more on cards to share your thoughts and convey romantic feelings to their partners. Greeting cards have come a long way since 1913, which was when Hallmark Cards produced their first Valentine’s card to become the center of attraction of the day
Chocolates are timeless gifts
Americans spend around $1.8 billion on candy alone on Valentine’s Day! Chocolates and candy will continue to be one of the most popular gifts for people on this day. Customize these with your message or artwork to turn these into irresistible party favors or store promotional items. Your message will stay as close to the hearts of your recipients as the memories of this day.
Say it with Flowers!
Flowers especially red roses are the synonyms of Valentine’s Day. It adds richness and romance of the day and makes it easy to share their emotions easily for the cupid stricken couples! It is expected that people may spend $2 billion on blossoms on Valentine’s day in 2020 .
Diamonds and Ornaments are forever
Ornaments rank high in the list of popular Valentine gifts this year as well. It is expected considering the fact that nearly 6 million couples get engaged on Valentine’s Day. Most people find these priceless gifts the best way to enrich the romantic moment of baring their hearts out to their loved one!
Pets are likely to get the best gifts this year!
The lucky pets with millennial dads are likely to get the best gifts in town this year. Millennials are expected to spend more money on gifts for pets than their friends or family. On an average, Americans may spend nearly $650 million on pet supplies and gifts for their pets during the upcoming Valentine’s Day.
Food for thought
Valentine’s Day makes a great day to convey your love and appreciation to someone in your life. It need not be your lover at all times. Did you know that Teachers receive the most Greeting cards on Valentine’s Day annually, followed by children, mothers, and wives!
