Men outspend women on Valentine’s Day gift-giving
Austin, Texas — Online coupon site RetailMeNot.com reported Thursday that men outspend women by more than $120 on Valentine’s Day gift giving.
According to the just-released results of the Valentine edition of RetailMeNot.com’s Shoppers Trend Report, the average person in a relationship plans to spend $226 for Valentine’s Day this year; the break-out is dominated by men, however, as they plan to spend $287 versus women at $164.
Conducted by The Omnibus Co., the survey results came as no surprise. “Similar to last year, men and women just can’t seem to get on the same page when it comes to equity in how much they will spend on their significant other for Valentine’s Day,” said Trae Bodge, senior editor for RetailMeNot’s blog.
Other statistics from this month’s Shoppers Trend Report:
- More men than women would like to receive a meal (28% vs. 13%) or tickets to something (19% versus 7%) from their partners this Feb. 14; and
- More women than men would opt for jewelry (24% versus 15%), a trip (18% versus 12%), or flowers (14% versus 6%).
99 Cents Only sales and profits increase in Q3; six stores on tap
City of Commerce, Calif. — 99 Cents Only Stores reported Thursday that profit for the quarter ended Dec. 29 rose 6.5% to $51 million, compared with $47.9 million in the year-ago period.
Total sales increased 8.8% to $35.6 million, from $403.9 million last year. Same-store sales rose 4.3%.
The company said it plans to open six stores during the fourth quarter, with most slated to open in California.
Sally Beauty Q1 earnings double, but misses Street
Denton, Texas — Sally Beauty Holdings Inc. reported Thursday that profit in the first quarter nearly doubled year-over-year – from $30.1 million to $59 million – but results still missed Wall Street expectations.
Revenue rose 4.7% to $905.4 million, shy of analysts’ expected $915.1 million in revenue.
Same-store sales rose 2.8%.