Consumers are expected to spend $25.9 billion on Valentine’s Day in 2023, up 8% over last year.
and this may be what is expected for 2023 as the economic uncertainty continues. Rising interest rates and widely reported layoffs across the U.S. in some sectors, such as tech, will make consumers more cautious about spending. However, since the pandemic, consumers have wanted to have more life experiences and spend more time with loved ones, giving way to what looks like a strong Valentine’s Day for retailers.... [+]Most U.S.
consumers plan to buy gifts for someone this Valentine’s day, with only 13% of those surveyed saying they do not intend to purchase items for the holiday. Sezzle, a buy now pay later plan used by shoppers, surveyed its users, encompassing 966 respondents. Another key takeaway from the survey was that 57% of respondents stated that ongoing inflationary pricing would impact their gifting choices for Valentine’s Day.
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