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Valentine’s Day Drives Nearly $3 Billion in Spending on New Clothes

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Consumer confidence is up, and after a solid holiday, it looks like shoppers are prepared to shell out the big bucks for their loved ones on Valentine’s Day. When it comes to apparel, consumers are set to spend about $2.9 billion for their friends, family and lovers to celebrate the romantic holiday, according to a…

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