U.S. consumers plan to spend more this holiday season, but will seek out better deals.
Americans will spend a little bit more on dad this year, with the average person planning to shell out $119.84.
Mobile, social media and brand licensing were among key retail trends discussed at the annual Global Retailing Conference.
Retail sales increased in April following strengthening employment data and increasing housing prices.
Total spending this Mother’s Day is expected to reach $20.7 billion.
Cold weather and the continued influence of payroll tax hikes caused a dip in March retail sales from February.
Easter spending is expected to remain flat this year with total spending expected to reach an estimated $17.2 billion, according to the National Retail Federation.
Retail sales beat estimates in February as consumers adjusted their spending in response to an increase in payroll taxes and higher gasoline prices.
Retail sales ticked up slightly in January, according to the National Retail Federation.
Nearly half of all Americans (45.7 percent) say they are planning to spend less overall this year, after changes in federal tax law that decreased their take-home pay.
License! Global is now researching its exclusive annual Top 125 Global Licensors report, the most widely read and publicized study in the retail and brand licensing industry.
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