December 22, 2014

Valentine’s Day 2013: Americans spend $18.6 Billion

By Sayed Jawad - Thu Feb 14 2013, 11:51 am

Valentine's Day 2013 Americans spend $18.6 BillionValentine’s Day is a $18.6 billion event holiday with origins in a third-century beheading, stoning and ritualized beating of a recalcitrant priest.

Even amid a slow recovery, Americans are set to spend a record $18.6 billion this Valentine’s Day. Flower shops, jewelry stores and online dating sites are all expecting to cash in on the day of love.

“It’s a holiday with a lot of cash. It’s a lot of sales,” Ron Friedman, who leads Marcum Consulting’s retail business told Forbes Magazine. “Although, it’s pretty short-lived. The flowers die, the candy gets eaten up, and the lingerie gets destroyed in a couple minutes.”

According to the 2013 National Retail Federation Valentine’s Day spending survey, the average American is expected to spend $130.97 on gifts, a slight increase from last year.

Here are some of this year’s numbers according to Fiscal Times:

$18.6 billion
The amount of money Americans are expected to spend this Valentine’s Day.

$13.5 billion
The total cost of shipments for firms producing chocolate and cocoa products in 2011.

$4.4 billion
The amount of money Americans are expected to spend on diamonds, gold and silver this Valentine’s Day.

$1.9 billion
The amount of money Americans are expected to spend on flowers this Valentine’s Day.

$1.6 billion
The amount of money Americans are expected to spend on candy this Valentine’s Day.

$928 million
The amount of revenue brought in my Internet dating services in 2011

$815 million
The amount of money Americans are expected to spend on gifts for their pets this Valentine’s Day.

$365 million
The total value of fresh cut roses in 2011.

$175.61
The average amount men will spend on gifts and a date this Valentine’s Day.

$88.78
The average amount women will spend on gifts and a date this Valentine’s Day

70,575
The number of workers employed by floral shops in 2010.

52,600
Number of workers employed by chocolate, cocoa and candy manufactures in 2010. Bureau)

Valentine’s Day comes into light in Afghanistan:

Although the conservative Afghanistan majority are unaware of the Valentine’s Day, some youngsters do celebrate the day by sending flowers to their beloved ones and by sending messages via cell phone or the Internet.

In Afghanistan, the tradition is that having open relations between boys and girls is a taboo. Love marriage and court marriage seldom happen in the Muslim Afghan society as the families prefer arranged marriage for their sons and daughters in accordance with Sharia or Islamic laws.

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