BOSTON (TheStreet) -- Father's Day in the retail world usually means unloading ties, steering-wheel covers and electronic gadgets onto frazzled gift givers, but dads really get the same thing every year: second billing.Father's Day was a $10 billion holiday last year, according to market research firm IBISWorld, and is expected to jump another 4.6%, to $10.8 billion, this year. Fathers will get $1.4 billion worth of clothing, $1.3 billion in gift cards and $2 billion in dinners and trips to the ballgame, but they'll still fall roughly $4.8 billion short of the $14.9 billion in gifts their counterparts get on Mother's Day. Just for a bit of perspective, Mother's Day ranks fourth in holiday spending behind Christmas ($135 billion), Thanksgiving ($30 billion) and Valentine's Day ($17.6 billion). If not for Halloween ($6 billion), Father's Day would be dead last among retail holidays.
|Retailers are less creative about Father's Day than they are about Mother's Day, retail analysts say, resulting in a spending gap of $30 to $50 per person since 2007 for the holidays.|