Posts Tagged ‘National Retail Federation’

Consumers Set to Spend $5.77 Billion This Halloween

Thursday, October 2nd, 2008
_MG_4788.JPG
Creative Commons License photo credit: clownfish

Bleak economic news may be grabbing the headlines, but according to the National Retail Federation, U.S. consumers are set to spend more than ever this Halloween: $5.77 billion, a modest increase from last year’s $5.07 billion.

Sixty-five percent of us are planning to celebrate Halloween by buying candy, wearing a costume, hosting/attending a party, or decorating the house, which gives a good indication of what the nation’s trash collectors will be picking up Monday after the holiday weekend.

The most money will be spent on costumes (net average of $24.17 per person), followed by candy ($20.39), decorations ($18.25), and then somewhat surprisingly, greeting cards ($3.73). (I have to confess, I have bought Halloween cards in the past. If you sell it, they will come, I suppose.)

Here are some more estimates according to the NRF’s Halloween Consumer Intentions and Actions Survey published September 30, 2008:

  • Average per person spending (2001): $41.77
  • Average per person spending (2008 estimated): $66.54
  • Biggest spenders by age: 18-24-year-olds at $86.59 per person
  • Biggest spenders by region: Northeast at $70.84 per person
  • Least likely to party: Only 30% of those in the West plan to attend/host a party

Increased Halloween Spending Means More Trash

Wednesday, October 1st, 2008
Skull F/Suckers
Creative Commons License photo credit: hfb

Given that you can’t enter a store between August and October without seeing an array of fake plastic spiders, severed rubber fingers, sexy angel/devil/cat/nurse leotards, and cheek-pinchingly-cute baby costumes, it’s not surprising that many American consumers believe Halloween is the second biggest retail spending holiday of the year. It is not. The National Retail Federation, an industry trade organization, says:

“Though growing, Halloween remains the sixth-largest spending holiday after: Winter Holidays ($457.4 billion estimated), Valentine’s Day ($13.70 billion), Easter ($12.63 billion), Mother’s Day ($13.80 billion), and Father’s Day ($9.01 billion). Because it is not a gift-giving holiday or an apparel holiday, it ranks lower than other annual holidays in terms of spending.”

The retail industry does not measure holidays in terms of waste, but I think it’s safe to say Halloween can earn a second place title in that category. Overall, consumers are making more purchases (costumes, candy, decorations, food and beverage, etc.) in smaller dollar amounts than they typically make for Mother’s Day (flowers, a gift). Collectively, that adds up to lots more trash.

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