Source: iStock | dore art
This weekend promises to be a big one for retailers as Americans celebrate not one, but two, holidays with Father’s Day on Sunday and the Juneteenth National Independence Day holiday on Monday.
Shelley Kohan, associate professor at the Fashion Institute of Technology and a RetailWire Braintrust member, points out on Forbes.com that the two holidays falling back-to-back will lead to a long four-day weekend for many.
Prof. Kohan writes that total consumer spending the week of Juneteenth jumped 24 percent between 2020 and 2021. Spending went up another 15 percent in 2022. A similar sales pattern is expected to continue in 2023.
Americans are projected to spend a record $22.9 billion to celebrate Father’s Day this year, according to research from the National Retail Federation and Prosper Insights & Analytics.
Juneteenth, which celebrates the end of slavery in the U.S., was designated as a federal holiday by President Joe Biden in 2021 with, as The New Tork Times reports, “a noticeable increase in Juneteenth celebrations across the United States over the past few years.”
Twenty-eight states and the District of Columbia currently recognize the holiday with state government offices closed for the day. Many mark the day with celebratory parades, family gatherings and prayer services.
Retailers and brands are looking for tasteful ways to celebrate the holiday as more Americans commemorate the nation’s second day of independence. Food, clothing, sporting goods, gifts and other products are candidates to see a bump in sales.
WWD reports that Signet Jewelers has collaborated with the Black Employee Network BRG to create a special-edition pendant honoring Opal Lee, known as the “grandmother of Juneteenth,” for her efforts to have the day designated a federal holiday.
The pendant, which is being sold by Zales and Kay Jewelers, “features a lab-created black opal cabochon set in sterling silver, a band of polished 10-karat yellow gold and a star-shaped back plate design with the year ‘1865.’” A percentage of the pendant’s sales will be donated to the Black in Jewelry Coalition, a group dedicated to helping Black professionals in the jewelry business advance in their careers.
Ms. Lee walked 1,400 miles from Fort Worth to Washington, D.C., at the age of 89, garnering signatures on a Juneteenth petition. Ms. Lee, who began her walk in September 2016, had more than 1.5 million signatures when she reached the nation’s capital in January 2017.
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