Electronics to Capture 28% of Mother's Day Spending: NRF
Electronics (28%) are projected to be a leading driver of $28.1 billion in Mother’s Day 2021 spending, said the National Retail Federation Thursday, citing results from a Prosper survey of 7,818 U.S. adults April 1-9. That’s $1.4 billion more than…
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last year, when most Americans were under lockdown. Consumers plan to spend an average of $220.48, a $16 increase; 34% plan to shop online. Though people indicate growing comfort with activities such as traveling and dining out, “there is still a lot of uncertainty,” said Prosper Executive Vice President-Strategy Phil Rist.