The Retail Association of Nevada (RAN) today issued the following statement in response to the bipartisan efforts spearheaded by Assemblyman Howard Watts and J.J. Goicoechea, Director of the Nevada Department of Agriculture, to address the ongoing egg supply chain challenges impacting Nevada families and businesses.

Diverse Festivities and Traditions Fuel Holiday Celebrations Across the State

Nevada expects to spend $365.0 million on Easter, with the average person spending $177.06, the third highest on record. Major expenditures include $118.6 million on food and $57.9 million on clothing. Gifts and candy will see $56.0 million and $51.1 million spent respectively. Additional funds go to flowers, decorations, and greeting cards. Popular activities include cooking, socializing, and attending church. Shoppers prefer discount stores, with significant numbers also shopping online and at department stores.

Overall Participation at Record Level

Nevada anticipates record St. Patrick's Day spending at $70.1 million, with 62% of U.S. consumers participating, spending an average of $44.40. This marks increases in both participation and expenditure from last year. Celebrations include wearing green, dining out, and attending parties. Shopping trends show consumers preferring grocery stores and discount outlets, while many also plan to spend at bars, department stores, and online. This year's spending is expected to surpass last year's $66.8 million.

Overall Participation Up Slightly from 2023

Nevada expects over $250 million in Valentine's Day spending by 53% of adults, contributing to a national total of $25.8 billion. Average spending is projected at $185.81, down 3.6% from last year. Popular gifts include candy, cards, and flowers, with the highest spending on significant others at $101.84 each. Online and department stores are the top shopping destinations, with other popular choices being discount stores, florists, and specialty shops.

The overall cost escalation for the 12 Days of Christmas gifts in 2023 proved to be lower than general inflation trends

As the Thanksgiving festivities fade, tfocus shifts to the beloved tradition of gift-giving heralding the Christmas season, encapsulated in the timeless carol "The 12 Days of Christmas." PNC Financial Services Company, for four decades, has meticulously calculated the costs of these festive gifts, revealing insights into the evolving dynamics of holiday spending. Despite a 2.7 percent increase in 2023, the PNC Christmas Price Index demonstrates intriguing nuances, from the soaring prices of Turtle Doves to the modest de

Record 200.4 million Americans Hit Stores in Nationwide Shopping Spree

During Thanksgiving and Cyber Monday, Nevada saw $609.0 million in sales with 1.9 million shoppers, as part of 200.4 million nationwide. Average spend was $321.41. While in-store shopping dipped slightly, online purchases grew. Promotions drove 55% of sales. Approximately 85% began their holiday shopping by Thanksgiving, with the NRF projecting a 3-4% increase in national holiday spending. Cyber Week online sales reached $38.1 billion, a significant increase from the previous year.

Eight Thanksgiving Items Down in Cost

The estimated cost of a Thanksgiving meal for 10 this year is $61.17 on average, marking a 4.5 percent reduction from the previous year. However, this year’s meal is $12.26 higher than 2019, underscoring the influence of heightened supply costs and inflation on food prices since the onset of the pandemic in the national economy.

Thanksgiving Day Shopping Volume Expected to be Record High

According to estimates by the Retail Association of Nevada (RAN), around 1.8 million Nevadans are gearing up to partake in the four-day Thanksgiving weekend and Cyber Monday shopping event, a period when retailers entice bargain-hunting consumers with substantial discounts.

Statewide Holiday Spending Projected to Grow by 4 Percent

Consumers are once again expected to prioritize the holiday season and spend their hard-earned income on those important to them. At the same time, consumers are actively looking for ways to help stretch their budgets this year.

Participation at Highest Level Ever

Nevada consumers are projected to set a new spending record of $197.3 million on sugary sweets, eerie decorations, and dazzling costumes to celebrate Halloween this year, according to estimates by the Retail Association of Nevada (RAN). Nationally, an all-time high expenditure of $12.2 billion is projected based on a recent survey by the National Retail Federation (NRF).

Projected Spending Surges with Electronics in the Lead

Favorable economic conditions such as rising wages and declining inflation are helping push back-to-school spending to new highs. For retailers, the back-to-school shopping season is just behind the winter holidays in terms of importance.

Nationwide Spending Expected to Reach $9.5 Billion

Retailers across the Silver State are stocking their shelves with all the cookout favorites and patriotic decorations in preparation for the summer's biggest party.

Nationwide Spending Expected to Approach $23 Billion

A recent survey by the National Retail Federation (NRF) that found that 75.0 percent of Americans will be celebrating this special day, with the average household spending $196.23. Compared to 2022, household spending is up 14.2 percent and is the highest level in the survey’s history.

Spending on New Graduates to Reach $6.4 Billion Nationally in 2023

RAN projections are based on a recent survey by the National Retail Federation (NRF), which estimated that the average consumer across the country plans to spend an average of $116.19 on graduation gifts this year, which will add up to a record $6.4 billion in spending nationwide. Over one-third (36.0 percent) of respondents reported they would be celebrating a graduation this year, the highest participation since 2017.

Spending in Nevada to Surpass $574 Million, Up 7.4 Percent When Adjusted for Inflation

The Retail Association of Nevada (RAN) estimates Mother’s Day spending in the Silver State will reach a record $574.9 million, up 12.7 percent from last year and the second year in a row of record-setting spending. When adjusting for inflation, spending is still up a healthy 7.4 percent from one year ago.

Per-Person Spending Levels at Record High

According to estimates from the Retail Association of Nevada (RAN), Nevadans are projected to spend $388.4 million celebrating Easter this year. The spending estimates are based on a recent survey by the National Retail Federation (NRF), which found that 81.0 percent of Americans nationwide plan to celebrate the holiday this year. Nationwide, total spending is expected to reach $24.0 billion, another historic high and 15.4 percent higher than the $20.8 billion projected for Easter 2022.

Record-Level Spending and Participation for 2023 Celebration

“Nevada retailers are ready to support record-setting consumer purchasing to celebrate St. Patrick’s Day,” said Bryan Wachter, Senior Vice President of RAN. “As we approach the spring and summer seasons, retailers are striking a careful balance to meet consumer demands with ongoing uncertainty as interest rates continue to climb.”

Spending Levels Back in Line with Pre-Pandemic Period

In preparation for the Super Bowl, Nevadans are projected to spend nearly $160 million on televisions, furniture, team apparel and food, RAN estimates. The estimates are based on a recent survey by the National Retail Federation (NRF), which found that 192.0 million Americans plan to watch the Super Bowl this year. Viewers plan to spend an average of $85.36 on items to enhance the celebration, an increase of 8.2 percent from the $78.92 reported last year.

The Retail Association of Nevada issued the following statement in response to the introduction of the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act in the U.S. Senate, sponsored by Senators Chuck Grassley (R-IA) and Catherine Cortez Masto (D-NV).