Thursday, January 28, 2016

Valentine's Spending Comes Up Roses: 24 Stats and Facts

Americans shelled out nearly $19 billion in 2015. "TraditionalValentine's Day gifts are always the lead for widespread retail sales this time of year," stated Brent Shelton, FatWallet online shopping expert. "More recently though, we're seeing a big marketing push for smart tech as Valentine's gifts, especially wearables, which should increase spending in excess of $20 billion in 2016."
24 Fun Facts for Valentine's Day Spending (see full infographic):
  1. Half of Americans will buy candy to the tune of $1.7 million
  2. More than 36 million heart-shaped boxes of chocolate are sold
  3. 48% of women expect to receive chocolates as a Valentine's gift
  4. Valentine's Day ranks #1 for fresh flower purchases in the US
  5. 20% of all flower transactions happen during Valentine's
  6. 1 in 4 Valentine's shoppers will buy flowers, half are bought for spouses
  7. 250 million roses get produced for Valentine's Day
  8. 40% of Valentine's flower purchases are red roses
  9. Half buy greeting cards to the tune of more than 180 million
  10. Valentine's ranks a far second to Christmas card sales (1.5 billion)
  11. 85% of Valentine's cards are purchased by women
  12. About 1/3 will do a Valentine's dinner and/or a movie
  13. About 1 in 5 buy jewelry as Valentine's gifts
  14. Almost 9% of all diamond jewelry is sold as Valentine's gifts
  15. 2 to 1, men outspend women for Valentine's
  16. More than 1/4 will shop online for Valentine's gifts, 1/3 of those from tablets
  17. Valentine's shoppers spend an average of 30% more online
  18. About 1 in 5 will buy for their pets
  19. Almost half of marriage proposals happen on Valentine's Day
  20. Almost 1/3 of Valentine's shoppers procrastinate
  21. 40% of procrastinators believe it's too late to find a deal after Feb. 13
  22. 38% want smartphones as a Valentine's gift
  23. 1/2 of women that don't receive a gift would end their relationship
  24. Tucson, AZ spending increases 68% during Feb. Valentine's Day sales
Data was aggregated from published surveys and reports by FatWallet.com. Data resources include: statisticbrain.com, aboutflowers.com, AMEX, EdahnGolan, Greeting Cards Association, Hallmark, Cardlytics, momentology.com, Ebates, Inc., Georgetown Institute for Consumer Research and National Retail Federation.

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