1-800-Flowers expected to sell 10M roses on Valentine’s Day
1-800-Flowers CEO Chris McCann discusses the big business of Valentine’s Day spending.
While most Americans will be gazing into their loved one's eyes on Valentine’s Day, a slew of companies will be busy looking at their earnings from purchases made for the holiday of romance.
In 2023, a little more than half of Americans polled said they planned to celebrate the romantic holiday — and planned to spend in record amounts.
The National Retail Federation estimates that total spending for Valentine’s Day in 2023 will be $25.9 billion, up from $23.9 billion in 2022.
VALENTINE'S DAY QUIZ! HOW WELL DO YOU KNOW THESE FACTS ABOUT THE ANNUAL DAY OF LOVE?
Consumers will be spending an average of $192.80 on the holiday, the same source estimates.
The top five gifts that consumers plan on giving their partners this year are candy, greeting cards, flowers, an evening out and jewelry.