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Expectations for Valentine’s Day 2010

February 13th, 2010 Permuto Leave a comment Go to comments

With all the talk about recession spending, it’s refreshing to hear recent forecasts for this Valentine’s Day. While many customers are looking to save money on gifts this year, overall spending is expected to improve. Most of this has to do with the simple fact that more people are shopping this year. Additionally, customers are increasingly buying their Valentine’s Day gifts online. While some may note that the increase (3.3% year-over-year) is modest, the very fact there is an improvement is worth noting. As far as who are this year’s big winners, ‘Romantic Getaways’ and ‘Dining Out’( possible because V-Day falls on a weekend this year) are expected to see the biggest improvements this year.

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