US: Apparel set for Father’s Day boom
Apparel spending linked to Father’s Day in the US this weekend is poised to hit US$1.7bn this year, up more than 20% on last year.
The figures are revealed in the annual National Retail Federation (NRF) Father’s Day spending survey, carried out by Biginsight, which also found that the average person will spend $117.14 this year, up 10% on 2011.
With total spending likely to hit $12.7bn, the holiday is now closing the gap on its nearest competitor, Mother’s Day, which has an average spend of $152.
Department stores are the most favoured retail location, with 41.6% of consumers saying they will buy gifts there, well above discount stores (34%) and speciality clothing stores (10.7%).
Meanwhile, nearly three in 10 (28.4%) are to do their shopping online, up from 22.1% last year.
Help test our new apparel sourcing tool.
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Industry groups reaffirm commitment to Bangladesh
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- US textile industry applauds Trump executive order
- Gap unveils five-year sustainable fibres pledge
- Pentland Brands reveals Berghaus factory list
- Adidas and Reebok top transparency index
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report