“Father’s Day remains a momentous occasion for Americans to honor the important men in their lives. Consumers plan to celebrate the holiday in a big way this year, and retailers are ready to help make it special.”

National Retail Federation president and CEO Matthew Shay commenting on an NRF study showing that consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year. Read the NRF’s “Retail Holiday and Seasonal Trends: Father’s Day.”