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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.

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Why Aeon Mall is looking outside Japan for future growth

Inside Retail

Regional trends This year, Aeon expects specialty store sales in its China shopping malls to grow by 30 per cent, which would normally be a forward indicator of strongly positive leasing spreads. Meanwhile, Aeon expects specialty store growth in both its Japan and Vietnam malls of 10 per cent this year.

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Revived MKT Square brings opportunities to Brisbane’s north

Inside Retail

Located in the rapidly growing Moreton Bay region, MKT Square’s stage two master-planned multi-million-dollar transformation is nearing completion, offering retail and hospitality operators far and wide the opportunity to be part of the growing market. MKT Square Deception Bay is now taking leasing enquiries.

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Mother’s Day spending expected to hit $33.5 billion

Mass Relators

On average, those celebrating plan to spend $254.04 Most (59%) of those celebrating the holiday are shopping specifically for a mother or stepmother, followed by a wife (22%) or daughter (12%). Consumers also plan to spend more on special outings than they have in the past.” per person. on average for the holiday.

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Meet Safely, a modern self-defense brand founded by women for women

Inside Retail

In May, the company plans to launch a multi-use, patent-pending product on its direct-to-consumer site for pre-order. In addition to the brand’s DTC website, Safely products are currently available at the University of Texas’ student shop and in several specialty stores throughout Texas.

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This week in property news

Inside Retail

Property group Mirvac Retail is relaunching its inclusive family program, now known as Together + Co, across its shopping centres across Australia. These range from taco bowl making at Cherrybrook Shopping Centre in New South Wales to a DJ workshop at Toombul Shopping Centre in Queensland, and more.

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NRF sees record Mother’s Day spending

Mass Relators

WASHINGTON — Consumers plan to spend $35.7 Consumers plan to spend $274.02 Not only are consumers planning to spend more on these gift categories, but more consumers are interested in gifting these items than ever before. billion on Mother’s Day this year, nearly $4 billion more than last year’s record of $31.7

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