Check out whats clicking on FoxBusiness.com
This Valentine’s Day, more people are saying «I love you»—to themselves.
Self-gifting is on the rise for Cupid’s holiday as more consumers grow tired of receiving duds from their spouse or significant other, enjoy the empowerment of treating themselves or celebrate the single life. It’s yet another way Feb. 14 is getting a makeover when nearly half the U.S. adult population is unmarried and many say they aren’t looking for a romantic relationship.
The trend is a boon for retailers and could help reverse sagging Valentine’s Day sales. Larger companies such as Target and Etsy to smaller jewelers and lingerie sellers are switching up marketing messages and creating special collections to emphasize self-gifting.
Walgreens pharmacy Valentines cards, stuffed bears and balloon aisle right before the Holiday, Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)
Lena Parsell, an art director in Philadelphia, received a pair of gray wool socks from her husband for Christmas that were so bulky and itchy that they became a magnet for her cat, who bit her toes when she wore them around the house.
VALENTINE'S DAY GIFTS: AMERICANS EXPECTED TO SPEND $25.8 BILLION THIS YEAR
«My husband is amazing, but he has trouble figuring out my taste,» Parsell says. «Sometimes he really nails it,» like when he commissioned a portrait of Parsell and their daughter. Other times he falls short, such as when he bought her kitchen towels. «Or he’ll say, ‘I didn’t know what to get you, so just pick out something for yourself.’»
That is what she is doing this Valentine’s Day. She designed a custom ring from jeweler Bario Neal of 18-karat gold with an aquamarine
Read more on foxbusiness.com