Wednesday, June 3, 2009
WASHINGTON, D.C. (Wireless Flash - FlashNews) Whether times are tough
or not, Dad is still getting a tie for Fathers Day (Jun.
Recession Or Not, Dad Still Gets A Tie
According to a survey by the National Retail Federation, gift
givers are planning to spend $1.3 million on new socks, slacks,
and what else? ties for Dad.
Though spending is down some, Americans will still drop an
average of $90.89 on Pops this year, with total spending expected
to reach $9.4 billion.
Heres the breakdown:
People will spend the most $1.9 million on
a special outing for Dad, like dinner or a sporting event.
$1.2 million will be spent on gift cards for Daddy
dearest, while $1 million goes toward electronics, $548 million
on books or CDs, $522 million on home improvement items, and $502
on sporting goods.
33.9 percent of Americans will shop for Dad at
discounters, while 33.7 percent head to department stores.
51.1 percent of folks say theyre only buying gifts
for their father/stepfather, while 28.6 percent will shop for
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