RetailMeNot.ca survey reveals married couples plan to spend
less this February 14
TORONTO, Feb. 4, 2016 /CNW/ -- Those hoping to pinch their
pennies this February should steer clear of Cupid's arrow, as
Valentine's Day proves to be a costly
affair, especially for new lovebirds. According to a recent survey
by digital offers site RetailMeNot.ca, 80 per cent of Canadians
agree that people overspend on Valentine's
Day, with 77 per cent stating that the first celebration for
a new couple is the biggest. But have no fear: Once you've survived
your first Valentine's Day together,
the celebrations are likely to become less costly, with 62 per cent
agreeing that the day becomes less important the longer you are
together.
![RetailMeNot, Inc. RetailMeNot, Inc.](http://photos.prnewswire.com/prnvar/20130626/DA38415LOGO)
Canadians spend, on average, $164
on Valentine's Day, with men
significantly outspending women ($219
vs. $109), which isn't surprising
considering 82 per cent agree that women are more spoiled on the
day than their partners. People who are dating spend more money to
woo their partners on Valentine's Day
($148 vs. $134) and spend more on jewelry than those who
are married ($251 versus $193).
"There is no need to break the bank to impress a loved one this
Valentine's Day, especially since
costs can quickly add up between gifts and celebrations," says
Kristen Larrea, RetailMeNot, Inc.
"The vast majority of Canadians see no harm in using a coupon on a
date (70 per cent) or a gift (75 per cent), so planning ahead and
looking for those promo codes for everything from flowers to dinner
is a great way to keep costs low."
Thirty-three per cent of those coupled-up expect to receive a
gift from their significant other this Valentine's Day. On average, Canadians will spend
the following on the classic Valentine's
Day gifts:
- Jewelry: $190
- Tickets to an event or show: $76
- Lingerie: $61
- Flowers: $40
- Candy or chocolate: $18
With 83 per cent of Canadians agreeing that people put too much
pressure on Valentine's Day, they may
be happy to hear it's often the thought that counts. In fact, only
30 per cent of Canadians say that celebrating the day is important
to them, and the difference between males and females is minimal
(29% vs. 31%). Further, 74 per cent of those in a relationship
agree they don't care about receiving material gifts, and more than
half (53 per cent) prefer sex to a gift. Canadians prefer to spend
money on the experience, with dinner at a restaurant being the
number one way lovers will be celebrating this February 14.
Other survey findings include:
- Avoiding the crowds and costs: Almost a quarter (24 per
cent) of Canadians celebrate Valentine's
Day on a different day in order to avoid the crowds;
- Last-minute men: More men than women admit to waiting
until the last minute to make plans for Valentine's Day (37 per cent vs. 34 per cent) and
to purchase a gift (42 per cent vs. 32 per cent);
- Where is the love? Only 11 per cent of Canadians will
celebrate Valentine's Day with their
families and even fewer with their friends (4 per cent);
- Celebration plans: Dinner at a restaurant (21 per cent),
a home-cooked meal (20 per cent) and a romantic night at home (17
per cent) are the top three ways couples spend Valentine's Day.
RetailMeNot.ca regularly conducts consumer trend and spending
surveys.
About the survey:
From January
22 to January 23, 2016, an online survey was conducted among
1,514 randomly selected Canadian adults who are Angus Reid Forum
panelists. The margin of error—which measures sampling
variability—is +/- 2.5%, 19 times out of 20. The results have been
statistically weighted according to education, age, gender and
region (and in Quebec, language)
Census data to ensure a sample representative of the entire adult
population of Canada.
Discrepancies in or between totals are due to rounding.
About RetailMeNot, Inc.
RetailMeNot, Inc.
(http://www.retailmenot.com/corp/) operates the world's largest
marketplace for digital offers. The company enables consumers
across the globe to find hundreds of thousands of digital offers
for their favorite retailers and brands. During the 12 months ended
September 30, 2015, RetailMeNot, Inc.
experienced nearly 730 million visits to its websites, and during
the three months ended September 30,
2015, RetailMeNot, Inc. averaged 18.6 million mobile unique
visitors per month. In 2014, RetailMeNot, Inc. estimates
$4.4 billion in paid retailer sales
were attributable to consumer traffic from digital offers in its
marketplace. RetailMeNot, Inc. is listed on the NASDAQ stock
exchange under the ticker symbol "SALE." Investors interested in
learning more about the company can visit
http://investor.retailmenot.com.
For interview requests or more information, please contact:
Erin Banting
Citizen Relations
416 934 8422 office
416 414 8637 mobile
erin.banting@citizenrelations.com
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SOURCE RetailMeNot, Inc.