Easter spending to hop to $23.6B despite uncertainty
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 9 April 2025
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.1 | Welcome to Wednesday, April 9th. It's great to be with you. I'm Julie Morgan. |
| 0:13.5 | Easter spending is expected to defy uncertainty. Microsoft is the MVP, and coal gets a Trump boost. |
| 0:22.3 | The National Retail Federation says consumers are projected to spend 5% more on Easter this year |
| 0:28.9 | compared to last, with total spending expected to reach $23.6 billion, just shy of the $24 billion |
| 0:36.7 | record set in 2023. The NRF says this translates into |
| 0:41.7 | $189 and 26 cents per person on average for those that celebrate Easter, but those who do not |
| 0:48.8 | celebrate still expect to spend something on holiday-related items, $2525.43 per person. Consumers will spend |
| 0:57.8 | predominantly on candy, followed by food, gifts, decorations, including flowers, and clothing. |
| 1:05.2 | The most popular shopping destination remains discount stores at 55%, while 44% will head to the department stores. 36% of those |
| 1:15.8 | polled will do their shopping online, while 26% will go to small local businesses. The organization's |
| 1:23.0 | vice president of Industry and Consumer Insights said, as we witnessed throughout the pandemic, |
| 1:29.2 | holidays such as Easter are especially meaningful for Americans during times of uncertainty. |
| 1:35.5 | One of the big topics you'll see online is how many of you are actually planning an Easter egg hunt this year? |
| 1:41.4 | Well, according to this survey, a majority of families with kids, 54% are planning an Easter egg hunt this year. Well, according to this survey, a majority of families with kids, 54% are planning |
| 1:47.1 | an Easter egg hunt at home. This survey of nearly 8,000 adults was conducted March 3rd through 7th. |
| 1:55.5 | Microsoft has reclaimed the title of the world's most valuable publicly listed company |
| 2:00.6 | following Apple's |
| 2:01.7 | four-day losing streak following the tariff announcement last week. The market cap of Microsoft |
| 2:07.7 | stood at $2.64 trillion as of Tuesday's close, while that of Apple totaled $2.59 trillion. |
| 2:14.7 | While Microsoft shares have fallen 7% over the last four trading sessions, Apple saw a |
| 2:21.0 | steeper decline of 23% in the same period. Analysts say this is because of the iPhone maker's |
... |
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