CNBC On The Money February 13, 2016
Weekend. Americans are expected to spend, on average, about 147 on valentines gifts this year. Thats up about five bucks from last year. But how and what were spending that money on is changing. Thats our cover story. Red is the color of valentines day, but retailers should be seeing green. The National Retail federation predicts americans will spend a record amount on the holiday of love this year. Nearly 20 billion. Almost 2 billion of that on flowers. Another 1. 8 billion on candy, and even more on jewelry and going on that special evening. Much of that spending has moved to the internet. 2...