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NRF: Valentine's spending to exceed $19.6B

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The National Retail Federation estimates Valentine's Day spending will top $19.6 billion this year.

According to the NRF, that would be nearly a record for the annual holiday.

An NRF survey in partnership with Prosper Insights & Analytics found U.S. consumers plan to spend an average of $143.56.

The record of $19.7 billion was set in 2016, according to the NRF.

Read more from License Global.

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