Retailers, consumers and prices
Most consumers in romantic relationships don’t plan to spend much, if anything, on Valentine’s Day gifts, according to a new survey from Accenture. That backs up the findings from a National Retail Federation survey, which found that U.S. couples planned to spend 6 percent less on each other this year.
Most respondents in Accenture’s survey said they only planned to spend up to $50 on gifts. Nearly 13 percent of women and 5.5 percent of men said they planned to spend nothing. Kiplinger has some ideas for them.
Those who are buying may be more practical, as they fret about home prices, stock portfolios and job security.
It will open smaller stores in urban markets. It will add its PFresh food concept into hundreds of stores, boosting customer traffic. It will explore overseas expansion in Canada, Mexico or Latin America.
Need a mate this Valentine’s Day? Whole Foods wants to help.
The high-end seller of organic, natural and gourmet food has been throwing singles’ mixers in stores around the country as Valentine’s Day approaches.
The chain’s hometown of Austin hosted an event called “Check Out” and to give us a flavor of the evening, it supplied this picture: