According to the NRF 2006 Father's Day Consumer Intentions and Actions Survey, conducted by BIGresearch, spending on Father's Day this year is anticipated to reach $9.0 billion, up from last year's $8.2 billion.
When it comes to spending on gifts for Dad:
NRF President and CEO, Tracy Mullin, said("In spite of higher gas prices, lower consumer confidence, and inflation concerns, shoppers are still opening their wallets for what's really important. Because retailers across all channels and formats have something to gain from Father's Day spending, we expect the holiday to be quite promotional this year." ((
Almost 69 percent of consumers are expected to purchase at least one card for Father's Day. Other favorites for Dad this year are:
Women are the lead spenders for this holiday, with average per-person spending anticipated to reach $90.41, about the same as 2005. Men will spend approximately $87.07 for dad this year, slightly higher than the $79.42 last year. ((
Spending Plans from Selected Data | |||||
All (18+) | Men | Women | <$50K | $50K+ | |
Percent Celebrating Father's Day | 75.9% | 75.8% | 76.0% | 70.9% | 82.2% |
How much do you plan to spend on Father's Day gifts for each of the following items? | |||||
Books or CDs | |||||
Average $ (of Spenders) | $22.97 | $24.40 | $21.45 | $19.86 | $25.76 |
Percent Buying | 22.3% | 23.9% | 20.9% | 18.4% | 26.2% |
Net Average ( billion $) | 5.13 | 5.83 | 4.47 | 3.65 | 6.75 |
Clothing | |||||
Percent Buying | 32.0% | 24.0% | 39.5% | 29.0% | 33.2% |
Net Average ( billion $) | 12.3 | 10.0 | 14.48 | 8.85 | 15.17 |
Consumer electronics or computer related accessories | |||||
Percent Buying | 15.0% | 17.9% | 12.3% | 13.6% | 16.2% |
Net Average ( billion $) | 11.78 | 14.49 | 9.27 | 6.92 | 16.86 |
Home improvements or gardening tools | |||||
Average $ (of Spenders) | 66.20 | 75.92 | 57.41 | 67.70 | 67.81 |
Percent Buying | 10.9% | 10.8% | 11.0% | 9.5% | 12.6% |
Net Average ( billion $) | 7.23 | 8.18 | 6.34 | 6.41 | 8.56 |
Source: BIGresearch CIA May 2006 |
The poll of 7,388 consumers was conducted from May 3 - 10, with a margin of error of plus or minus 1.0 percent, and estimates based on total extrapolation of U.S. adults 18 and over (222.9 million).
For sample charts from this survey, as well as complete results by age, gender, and region of the country, please go to this site.