Valentine's Day spending is expected to experience a significant surge in 2025, fueled by increased demand for chocolates, flowers, jewelry, and online purchases. FNB reports an 11% year-on-year increase in spending on these popular categories in 2024, with double-digit growth anticipated for the current year. The week leading up to Valentine's Day consistently demonstrates rising spending trends, with chocolates seeing a 54% increase in 2024 and flowers witnessing a remarkable 91% growth. General gifts and jewelry also experienced steady increases, reflecting a continued willingness to indulge in purchases for loved ones.
Valentine’s Day spending is expected to double in 2025, with chocolates, flowers, jewellery, and online purchases driving consumer trends., is seeing a steady rise in consumer spending. According to FNB, spending on popular Valentine’s categories chocolates, flowers, general gifts, and jewellery increased by 11% year-on-year in 2024, with a double-digit growth expected this year.
“Our data shows that Valentine’s Day drives significant card spending as consumers celebrate and spoil their loved ones. We are also pleased to see a growing split between online and in-store purchases, reflecting the convenience and safety our card payment options provide,” Nsibande explained. “One of the key security features on our Virtual Card is a dynamic CVV security number that changes every hour, helping customers minimise the risk of fraud when shopping online. Customers are increasingly adopting this secure and convenient method of transacting,” he added.While spending may rise due to the recent interest rate cuts, which are giving consumers more disposable income, FNB has urged customers to remain financially prudent.
Do you think the growing trend of online shopping will redefine how people celebrate Valentine’s Day in the future?‘Don’t you think sisters are checking?’: Khloé Kardashian calls out men sliding into her and Kim’s DMs and recalls dating a bed-wetter.
VALENTINES DAY CONSUMER SPENDING ONLINE SHOPPING CHOCOLATES JEWELRY
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Discovery Bank Festive SpendTrend 2024/2025: Clients Take to the Skies and Boost Holiday SpendingDiscovery Bank's analysis of client transaction data during December 2024 reveals fascinating holiday spending trends. Clients booked 18,000 flights, traveling over 320 million kilometers to 90 countries. Despite increased travel and holiday spending, Discovery Bank clients demonstrate strong financial resilience, maintaining a surplus in their salaries even after the festive season.
Read more »
Valentine’s Day the D-day for ‘uShuni Womhlaba’ creator after winners wait for full paymentsuShuni Womhlaba creator Thabo Mphelo has promised to remedy the payment dispute on the reality music show by Valentine’s Day.
Read more »
“Take Note Boys”: Young Lady Shows Guys Valentine’s Day Tutorial, SA Huns ApproveA young South African woman shared a TikTok video showing men what they should get their significant others for Valentine's Day. Some women approved.
Read more »
Kiddo's 'Love Hurts' Set to Captivate Hearts on Valentine's DaySouth African rapper Kiddo is releasing his new single, 'Love Hurts,' on Valentine's Day, exploring the bittersweet emotions of love. Known for his unique blend of hip-hop and pop, Kiddo's previous hits, such as 'Haibo,' have garnered critical acclaim. 'Love Hurts' promises to resonate with anyone who has experienced the joys and pains of romantic relationships.
Read more »
Buy enough LEGO in South Africa and get this free Valentine’s Day set40759 Celebration Series: Valentine's Day Box is free for all orders over R1 500.
Read more »
Five Romantic Getaways for Valentine's Day 2025Looking for a romantic escape for Valentine's Day 2025? This article suggests five unique getaways across South Africa, from treetop lodges to game reserves and mountain suites, offering a range of experiences for every couple.
Read more »