Wednesday, June 3, 2009 
Recession Or Not, Dad Still Gets A Tie
WASHINGTON, D.C. (Wireless Flash - FlashNews) – Whether times are tough
or not, Dad is still getting a tie for Father’s Day (Jun.
21).
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.
Here’s 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 they’re only buying gifts
for their father/stepfather, while 28.6 percent will shop for
their husbands.
(Contact numbers available only to subscribing media or trial media users. You can request samples at the Wireless Flash web site.)
Copyright © 2009 Wireless Flash News Inc. All rights reserved. Wireless Flash® and FlashNews® are registered trademarks of Wireless Flash News Inc.