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Survey: Higher costs to keep Valentine’s Day spending strong

Spending on Valentine’s Day is expected to remain high this year, but a significant portion of consumers say they have reduced or stopped buying holiday gifts.

Nearly one-in-four (23%) consumers say that they have curbed gift purchases in the past 12 months to save money, according to a new survey from e-commerce marketing company Omnisend. Despite this many shoppers report spending more online overall – driven largely by inflation (39%) and higher shipping and delivery fees (23%).

Almost half of consumers surveyed are spending more online per month than a year ago, with 17% spending $100–$199 more per month, 16% spending $50–$99 more per month and 6% spending $500 or more per month.

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