Published January 30, 2009 Submitted by: Mike
The National Retail Federation's annual Valentine's Day Consumer Intentions and Actions survey, though grandiosely named, does add an insight on the current economic situation. They predict that V-day spending will drop 16.7% this year, a far lesser hit than many investors' portfolios have taken.
Small tokens of affection, creativity, and frugality are likely to be the starting team; extravagance and costly bling will be warming the bench for most of the game. The way things have been going the past few months, extravagance and costly bling may have trouble even making the team.
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