NEW YORK (TheStreet) -- There are so many gifts for Mother's Day that have become a cliche. There's the standard jewelry sets with "Mom" pendants on sale at your local Macy's (M). Plus, you can't forget the good old reliable, last minute life-savers sold at any CVS (CVS) drugstore-- a card, cheap celebrity-endorsed perfume, or that horrible stuffed animal with a balloon.
Do you think your Mom really wants that? Well, she might have to put up with it.
According to the National Retail Federation's annual Mother's Day Spending Survey conducted by Prosper Insights & Analytics, shoppers are expected to spend on average $162.94 on Mom this year. That's down about $6 from last year, which was an all-time high.
Practicality?Apple (AAPL) iPads, smartphones and other electronic gadgets had topped Mother's Day shopping lists in previous years. This year, the survey found only 13% of shoppers intend to spend on electronics. Total spending is expected to total $1.7 billion, down from $2.3 billion in 2013.
The NRF says retailers will be pushing more sales and promotions on ladies apparel items, health and beauty products, followed by jewelry and even restaurant options.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV