Consumers to spend 20 percent less this Valentine’s Day
The National Retail Federation says the pandemic will alter celebrations this year
In its annual Valentine’s Day survey, the National Retail Federation (NRF) found that consumers are likely to spend a little less than they did last year.
The NRF said just over half of U.S. adults (52 percent) plan to celebrate Valentine’s Day this year. Average expenditures will drop $32 this year (from $196 last year to $165 this year). In total, Americans are expected to spend around $21.8 billion -- a 20 percent decline from this time last year, before COVID-19 had...
