I’m just kidding! (Well, kinda…) I actually like Valentine’s Day since my girlfriend and I mostly use it as an excuse to go out and have a fancy dinner. For a lot of people, though, it means gifts. Lots and lots of gifts.
According to the National Retail Federation and Prosper Insights & Analytics, consumers are expected to increase their spending by 8% this year to $25.9 billion in 2023, up from $23.9 billion in 2022. In all, 52% of consumers plan to celebrate Valentine’s and will spend an average of $192.80, up 10% from $175.41 last year.
As for what retailers expect people to buy, the biggest seller is going to be candy, with 57% going this route, while 40% will buy greeting cards, 37% will buy flowers, 32% are going to spend their money on an evening out, 21% are going to purchase jewelry, 20% are planning on buying gift cards, and 19% are going to buy clothing.
That’s all pretty typical stuff, and will most likely do the trick if you don’t want to put very much thought or effort into it (except for the gift cards; I really don’t recommend getting your significant other a gift card for Valentine’s Day unless you want to sleep on the couch). If you want to try something a little more special, though, there are ways to make even standard gifts more personalized and fun.
For example, rather than just going to CVS and picking up a red heart box full of candy, you can make your own candy wrappers, with special logos, designs, and phrases, at companies like Just Candy.
Whatever you decide to do, just remember: don’t just buy a gift card and call it a day.
(Image source: natgeofe.com)