What can dear old dad expect this year?
According to a recent article on Chain Store Age, 鈥淩esearch released by IBISWorld showed that Father鈥檚 Day sales are forecast to total $13 billion in 2013, a 2% year-over-year increase. Special outings, such as dining out and watching sporting events, are expected to account for the largest share of Father鈥檚 Day spending this year, contributing 18.8% of total holiday sales, up 3.5% from 2012.
Behind outings, gifts of books, CDs, personal care products and sporting goods are expected to account for 18.4% of Father鈥檚 Day 2013, up 2% from last year. Greeting card sales will also see an increase over 2012, slated to jump 9%. Apparel spending, however, is slated to dip slightly this year, as consumers lean more toward electronics purchases for Dad. Gift cards will remain a holiday mainstay, accounting for 13% of Father鈥檚 Day spending 鈥� which is the same as 2012.鈥�
With these statistics in mind, are you prepared? Click Read More below for nine suggestions to take advantage of the trends.
06-04-2013