Business Daily Media


Business News

What is St Patrick's Day Worth for the Retail Economy?


St Patrick's Day is celebrated annually on March 17. History records that the holiday was originally observed as a Christian festival to celebrate the death of St Patrick who is credited with spreading Christianity in Ireland.

Today the day is spent in revelry and celebration of diverse Irish culture, food, and music. Similarly, the day's theme colour is green, symbolic of the three native Irish leaves the missionary is said to have used to explain the Trinity.

Green also symbolizes nationalism in Ireland. Saint Patrick, believed to have been born and raised in England around the 5th century, died on March 17 461.

Celebrating Saint Patrick's Day

St Patrick's Day was not widely recognized until several centuries later. Around the 9th and 10th centuries, the myths surrounding his life became widespread, and native Irish people started celebrating the day as a Roman Catholic holiday.

The first St Patrick's Day was celebrated in Florida on March 17 1601 by the Irish vicar Ricardo Artur. Today St. Patrick's Day is celebrated all over the world within Christendom and particularly among Roman Catholics.



Source: Betway Online Casino

Impacts of St Patrick's Day on Retail Economy

Today's celebration of St Patrick's Day is not complete without drinking beer and especially Irish beer. It's a day of feasting, imbibing, and merrymaking which has had positive impacts on the economy.

On average, Ireland records over €70 million in revenue for the periods between March 16-20 while the US records nearly $5.2 billion on the same. Statistics indicate that on average, people in Ireland spend around ($57.38) on beer alone on St Patrick's Day.

The figures do not include the number of cab hires by intoxicated revellers who don't drink and drive. Retail stores, clothing and costumes stores, restaurants, and hotels all records booming businesses during the five days of celebrating this remarkable festival.

Interestingly the largest St Patrick's day parade is held not in Ireland but the United States. The cities of New York and Chicago host the largest annual celebrations attracting millions of revellers each year. This phenomenon is explained in the recent US census which shows that more than 36 million Americans are of Irish descent.

Furthermore, the National Retail Federation, the WalletHub, Fox Business, and USNews show that people aged between 15 and 27 spend an average of € 35.56 on St Patrick's day while those aged between 35-44 spend over €40.56.

Following this trend, economic experts now predict that St Patrick's Day could be the next pot of gold in the retail economy after Christmas. Read more about the economic impacts here.

Business Daily Media Business Development

iPhone Security Issues: How you can Secure your Device

A common belief is that iPhones are much more secure than Android devices. The truth, however, is that iPhone vulnerabilities exist and are not negligible. Android is known as the malwar...

TheTechFools.com - avatar TheTechFools.com

When A Forex Trader Should Make Use Of Free Forex Signals Telegram

Both experienced and new traders make use of the Free Forex Signals Telegram to optimize their profits. Beginners will find the signals important since it is easy to get overwhelmed by the t...

News Co Media - avatar News Co Media

Fed up dealing with bad bosses and being over-looked for promotions? So was Victoria Wright

Author, Victoria Wright, used all of her good and bad experiences to find other income and career opportunities, and she has revealed all in her debut non-fiction book, ‘I’m Too Old ...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

Tripadvisor Plus offers

A New Way to Reach Travelers: Tripadvisor Enables Hotels to Participate Directly in Travel Membership Program for First Time   As summer booking demand grows, Tripadvisor Plus offers acco...

TripAdvisor - avatar TripAdvisor

Writers Wanted



News Co Media

Content & Technology Connecting Global Audiences

More Information - Less Opinion