As we take steps out of the pandemic, Valentine’s Day could be one of the first rebound holiday occasions. The National Retail Federation predicts that total spending for Valentine’s Day could reach $23.9 billion, the second-highest in the survey’s history. (The highest-spending year was 2020, when Valentine’s Day spending hit $196.31 per person. This year, it’s projected to be $175.41.)
January data from Google shows that searches for “Valentine’s Day gifts for her” were up 300% over last year, and searches for “Valentine’s Day gifts for him,” rose 200%. Shoppers plan to spend over $100 on gifts, up from $88 in 2021, which places spending at pre-pandemic levels.
On the marketing front, we’re seeing everyone from Hershey’s to Hooters step in with Valentine’s Day promotions.
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Panera’s deal includes a giveaway of 22 diamond rings served in a “bread bowl” box. Winners of the ring will also get a one-year subscription to Panera’s Unlimited Sip Club, which means unlimited free coffee.
KFC is offering its Chicken Sandwich Snuggler, a 3-foot chicken sandwich-stuffed pillow plushie for $100 on Pillow Pets.
Hershey, meanwhile, is planning to release blossom-top miniature cups as part of its 2022 celebration. The candies feature a light pink colored crème on top of a Reese’s Peanut Butter Miniature Cup. The candies are available in 9.3-oz. bags.
California Pizza Kitchen is dangling a Valentine’s Day Sweet Deal for Two, ranging from $40 to $50, that includes an appetizer, two entrees and a dessert. Each option includes a heart-shaped pizza for those who dine in-store.
In a sort of anti-Valentine's promotion, Hooters is also offering free photo shredders and chicken wings to those who send pictures of their ex. Those who do get 10 free boneless wings with a purchase of 10 wings. To take part, consumers need to tweet pictures of their ex with the hashtag #ShredYourEx.
Finally, OKCupid and agency Mekanism have launched a free line of Valentine’s Day cards. One reads, “Our relationship is like climate change. Uncomfortably hot & my dad is in denial about it.”