There are 5 upcoming holidays and celebrations: Easter, Mother’s Day, Graduation Day, Memorial Day, and Father’s Day. Each has its own unique set of consumer spending statistics. Armed with these insights, you can stock your store’s shelves with the most popular categories—and generate more sales.
According to the National Retail Federation, eight out of 10 people celebrate Easter in some kind of way. The average spending per person for Easter gifts is around $150.00, with an estimated total of $18.2 billion being spent.
A study conducted by TopCashback.com has a little different spin as this infographic shows:
Mother’s Day is of the most sentimental holidays of the year, and Americans aren’t afraid to show their love. The National Retail Federation reports that 86% of Americans celebrate Mother’s Day. Those buying gifts for Mother’s Day will spend about $180.00 per person, with an estimated total of $23.1 billion being spent.
Incidentally, 29% of mothers want to receive a gift experience. And it’s most likely to be given by 18- to 34-year olds.
Whether it’s graduation from high school or college, marking this rite of passage is important to American families. The National Retail Federation approximates that those buying graduation gifts will spend $102.00 each, with a total of $5.2 billion spent.
A developing trend is that fellow graduates give each other gifts. And although the average is $102.00, those between the ages of 18 to 24 will spend almost $74.00, ages 45 to 54 will spend nearly $120.00 and grandparents will spend about $107.00.
As the unofficial kickoff of summer, Memorial Day weekend is a great time to travel as well as shop. Adweek.com indicates that eight in 10 US adults might spend an average of $486.00 each over the long holiday weekend. And that men will spend more when it comes to shopping for Memorial Day gifts—$608.00; women—$398.00.
It’s also interesting to note that 45.5% of those 18 years or older are more likely to take advantage of Memorial Day retailer sales and promotions. Nearly 60% of them will be 18- to 34-year-olds.
Father’s Day has grown to encompass not only dads and stepdads but also husbands and sons. 77% of Americans celebrating this holiday, according to the National Retail Federation. Shoppers will spend an estimated $133.00 per person on Father’s Day gifts for a total of $15.3 billion. Those between the ages of 25 and 34 will spend the most, at $188.00 per person.
Memorial Day weekend is the big winner when it comes to per-capita spending. This is probably because those purchases are big-ticket items, embrace home improvement needs, and include prep for summertime fun. The 3-day holiday weekend is also the time customers shop more at brick-and-mortar stores. So be sure to run promotions across all media platforms to highlight special deals and sale items.
These holiday surveys also show that gifts of experience are trending upward. Do not overlook this possibility, especially if you want to bring Gen Zs and Millennials into your store. If your business is not in a position to actually offer one, collaborate with others to provide that unforgettable gift.
Regardless of the seasonal celebration, consumer shopping is alive and well. Stock what they’re looking for. Keep in mind that the total dollar amount they spend per holiday will be split between a variety of shopping venues. And to freshen your retail shelves, be sure to check out order.petra.com! Our product collections not only encompass all Q2 holidays but the rest of the year as well.