Consumers Will Spend More on Father’s Day

Dads around the country better clear out some room in their closets. According to the National Retail Federation’s 2007 Father’s Day consumer intentions and actions survey, the average person will spend $98.34 on the holiday, up by nearly 11 percent from $88.80 last year. Consumers will spend some $9.9 billion on father’s day gifts.

Below are some of the most cited intended gifts, among survey respondents.

69.9 percent greeting cards

42.7 percent dinner out

37.1 percent apparel

29.9 percent gift cards

17.8 percent consumer electronics or computer related accessories

13.9 percent sporting goods or tools

13.6 percent tools or appliances

12.4 home improvement or gardening tools

34.2 percent of consumers plan to shop for Father’s Day at department stores

28.7 percent plan to shop at discount stores

12,4 percent home improvement or gardening tools

18.7 percent will shop online

7.3 percent specialty clothing stores

For more information, go to www.nrf.com .