Mother's Day is a crucial time for flower businesses, often compared to the Super Bowl for floral sales. This year, however, rising tariffs are impacting the industry, potentially increasing the cost of bouquets. According to the National Retail Federation, Americans are expected to spend over $3 billion on flowers for Mother's Day. However, higher tariffs on imported flowers are cutting into the profits of many small flower shops.
These tariffs, taxes on imported goods, make it more expensive for florists to purchase flowers from overseas. While some flowers are grown domestically, many popular varieties are imported from countries like Colombia and Ecuador. The added cost of these tariffs is often passed on to consumers, leading to higher prices for Mother's Day bouquets.
Small flower shops are particularly vulnerable to these tariff increases. Larger retailers may have the resources to absorb some of the added costs, but smaller businesses often have no choice but to raise prices. This can make it harder for them to compete and potentially impact their bottom line during this important sales period.
Consumers can expect to see slightly higher prices for certain flower types this Mother's Day. Supporting local florists and understanding the factors influencing flower prices can help ensure a vibrant and sustainable floral industry.
Tariffs Drive Up Flower Prices for Mother's Day
Mother's Day flower bouquets may cost more this year due to increased tariffs. Flower shops, especially smaller ones, are feeling the pinch as they absorb these added costs. With Americans projected to spend billions on flowers, the impact of tariffs on the floral industry is significant. Learn how these tariffs are affecting your local florist and the price of your Mother's Day blooms.
Source: Read the original article at CBS