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Business Briefs

For Sunday, May 11, 2014


POSTED: 01:30 a.m. HST, May 11, 2014

~~<p><strong>Mother's Day spending to rise, analysts predict</strong></p>
<p>DAYTON, Ohio &raquo; A market research firm predicts spending on Mother's Day will rise 3 percent nationwide, reaching $18.1 billion, as consumers benefit from an improving economy to pamper their mothers, wives, sisters and friends with children. The average household will spend a projected $156.60 on Mother's Day-related purchases, according to Los Angeles-based IBISWorld. Jewelry, dining out at restaurants and flowers will remain the most popular gifts, although gift certificates and electronics will gain traction among time-crunched shoppers looking to buy gifts online or at the last minute, IBISWorld officials said.</p>
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Mother's Day spending to rise, analysts predict

DAYTON, Ohio » A market research firm predicts spending on Mother's Day will rise 3 percent nationwide, reaching $18.1 billion, as consumers benefit from an improving economy to pamper their mothers, wives, sisters and friends with children. The average household will spend a projected $156.60 on Mother's Day-related purchases, according to Los Angeles-based IBISWorld. Jewelry, dining out at restaurants and flowers will remain the most popular gifts, although gift certificates and electronics will gain traction among time-crunched shoppers looking to buy gifts online or at the last minute, IBISWorld officials said. Login for more...



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