valentine’s day 2007 looks good for online retailers

Served up fresh on this Valentine's Day….it's looking like V-day 2007 might be a lovely day for online marketing.

Here's the breakdown:

  • 64% of small business owners in the U.S. believe consumers will be making more purchases online for Valentine's Day 2007.
  • 53% of small business owners plan to run special sales and marketing promotions this Valentine's Day, with online marketing beating out traditional print and advertising by a landslide.
  • E-mail marketing ranks as the most popular promotional tactic method, cited by 66% of respondents, followed by other online methods, including paid search and banner ads.

And, wondering exactly what it is that people are purchasing? Flowers, food and my favorite…jewelry.

 bar-graph.gif

If you are like me, you might be wondering what consumers will spend on these items. Well, I've uncovered a bit of information on that very topic… 

  • The average consumer will spend $119.67 on Valentine's Day. (up from from $100.89 last year)
  • 2007 Valentine's Day total spending is expected to reach $16.90 billion.
  • The average male is expected to spend $156.22, nearly double the $85.08 that the average female will spend.

Data collected from the National Retail Federation's (NRF) 2007 Valentine's Day Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF

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Discussion

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