Mother’s day is the third largest retail holiday in the U.S, following Christmas and the back-to-school season. Seasonal programs like Mother’s day drive big profits for retailers and restaurants. Mother’s Day spending is expected to total a near-record $25 billion!
“Mother’s Day spending has been growing consistently over the past several years, and this year’s spending is expected to be the highest in the 16-year history of our survey. Consumers are excited to celebrate all the moms in their lives, and retailers are ready to inspire consumers with unique gift options.” – NRF President and CEO Matthew Shay
Jewelry sales are expected to be the front runner with $5.2 billion, followed closely by special outings at $4.6 billion.
Mother’s day is KFC’s highest sales day of the year. 370,000 families looking to give mom a break from meal planning look to the chicken chain for a dinner time solution.
“That translates to 1.5 million pounds of chicken, 6.5 million pieces of chicken, 815,000 servings of mashed potatoes and gravy, and 470,000 servings of coleslaw.” – Eater
KFC has dominated the QSR scene for years on this day, however another unlikely restaurant has been trying to compete.
25% of all flowers purchased throughout the year are purchased for Mother’s Day. Consumers will also spend about $2.6 billion on flowers and another $843 million on greeting cards. Carnations are the official flower of Mother’s Day, but tulips, roses and lilies are also popular.
31% of consumers plan to shop online, 64% will hit brick and mortar. With 35% planning to shop at department stores and 29% at specialty stores (florists, jewelers, electronics stores).
Nearly 3 in 10 would love to receive a gift of experience on Mother’s Day. Experiences such as a spa day, cooking classes, sewing lessons or concert tickets are popular requests.
With $23.1 billion up for grabs, are your stores ready? Are Mother’s Day marketing and merchandising initiatives executed in full, across all your locations? Relying on paper, Excel and email is slow, error-prone and ultimately…expensive. Automate the process in 5 easy steps with retail audit software and get immediate results, higher sales and lower costs.
More ways to improve your visual merchandising standards and boost sales:
- 7 Visual Merchandising Techniques to Increase Sales
- 5 Retail Merchandising Trends to Watch Out for
- How to Build a Store Merchandising Checklist
- 5 Lighting Techniques For Visual Merchandising to Increase Sales
- The Purpose, Scope and Methods of Merchandising Audits
- Conduct a Merchandising Audit in 10 Steps