Saturday, February 14, 2009

Happy V-day!

Curbing Cupid

Valentine's Day spending is expected to be lower this year due to the recession.

-- Total spending on Valentine's Day: $28.6 billion, down 4.8 percent from 2008.

-- Spending per person: $102.50, down from $122.98 last year.

-- What people are buying: 58 percent will buy cards; 47 percent will go out to eat; 35.7 percent will purchase flowers.

Sources: IBISWorld Inc., BIGresearch.

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