According to the National Retail Federation’s Valentine’s Day Consumer Spending Survey conducted by Prosper Insights and Analytics, the average person celebrating Valentine’s Day will spend $142.31 on candy, flowers, apparel and more, up from $133.91 last year. Total spending is expected to reach $18.9 billion, a survey high.
The most widely watched sporting event of the year will draw an estimated 184 million viewers when the Seattle Seahawks return to the Super Bowl after last year’s win to face the New England Patriots on Sunday, February 1 for Super Bowl XLIX. According to NRF’s Super Bowl Spending Survey conducted by Prosper Insights & Analytics, average viewer spending will reach a survey high of $77.88, up from $68.27 last year, with fans planning to splurge on everything from game day food and new televisions to athletic wear and decorations. Total spending is expected to reach $14.3 billion.*
Shop.org announced today from Retail’s BIG Show in New York City the winner of the group’s first-ever Digital Commerce Startup Competition. Out of five finalists, each selected in December 2014, Symphony Commerce was selected by several esteemed retail industry leaders as the 2015 winner. The company specializes in enterprise level commerce as a service, and was established in 2010.
The National Retail Federation today announced that The Container Store Chairman and Chief Executive Officer Kip Tindell has been elected Chairman of the NRF Board of Directors and Chairman of its Executive Committee. Tindell succeeds NRF’s immediate past Chairman, Stephen I. Sadove, chairman and chief executive officer of Saks, Inc. (retired). Tindell was elected at the Board of Directors meeting held Sunday during NRF’s 104th Annual Convention and EXPO, Retail’s BIG Show.