FATHERS FOR THE PAMPERING

FATHERS FOR THE PAMPERING
AUSTRALIAN dads will be more pampered this Father’s Day than last year according to an IBISWorld report released this week.

This year’s celebration is expected to deliver $753 million to the retail sector, a three per cent increase from last year.

This is the healthiest consumer sentiment Australia has seen for the holiday in three years.

Money spent on dad has increased due to a growing market of gifts for men, according to IBISWorld Australia general manager Daniel Ruthven.

"There has been a perceived lack of gift options for fathers, but there is evidence that Australian dads are becoming increasingly comfortable with personal-care gifts from aftershave balm to hand moisturiser, rather than the standard gift of socks and ties," says Ruthven.

Ruthven is forecasting a growth of 12.7 per cent in personal care gifts; followed by footwear, clothing and accessories growing by 5.6 per cent; and tools, hardware and electronics growing 4.4 per cent from last year.

However, mothers still win out IBISWorld reports, with Mother’s Day expenditure typically nearly doubling its male counterpart each year.

 

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Tritium charged down as administrators called in

Tritium charged down as administrators called in

Five months after attempting to turn its fortunes through jobs cuts...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

UniSuper pumps $623m into Macquarie green energy and climate fund

UniSuper pumps $623m into Macquarie green energy and climate fund

One of the nation’s largest super funds, UniSuper, has commit...

Founder-led Solution Underwriting acquired by UK insurance provider CFC

Founder-led Solution Underwriting acquired by UK insurance provider CFC

After 14 years in business and with 55 staff spread across four Aus...