Father's Day spending on the rise
Spending on gifts for Father's Day is expected to increase this year, according to a national survey.
The average person will spend an estimated $119.84 on gifts this year for Father's Day, an increase of $2.70 over 2012 spending, according to the National Retail Federation.
Total spending is expected to top $1.3 billion.
According to the survey, most of the spending will be on a special outing. Traditional gifts, like clothing, gift cards or electronic gadgets, are expected to still be popular with a projected $5.3 billion spent nationwide.
The National Retail Federation's survey also shows that while most are buying for ‘dad,' more than half of the participants suggested they'll also buy for the other men in their life — stepfathers, husband, grandfathers and even sons.
Department stores are at the top of the list for most buyers, with four out of 10 surveyed said they'll look for gifts at these businesses. Discount stores and specialty stores like greeting card or electronic stores are also mentioned as the most frequented.
HILLARY MCLAIN, Business Writer