U.S. Consumers plan to spend a whopping $9 billion, the second highest spending amount in 14 years, on costumes, candy, decorations, and more to celebrate Halloween this year.
The National Retail Federation anticipates spending for Halloween in 2018 will come close to last year’s $9.1 billion all-time record.“The economy is good, and consumer confidence is high, so families are ready to spend on Halloween this year,” NRF President and CEO Matthew Shay said. Click To Tweet
“The economy is good, and consumer confidence is high, so families are ready to spend on Halloween this year,” NRF President and CEO Matthew Shay said. “Retailers are stocking up to supply children, pets, and adults with their favorite decorations, candy, and costumes for the season.”
The NRF’s annual survey found that 175 million Americans will celebrate the holiday, with over half of celebrants planning on dressing in costume. Expect to see plenty of Disney princesses, Star Wars characters and superheroes at your door.
Pet costumes are still the rage with nearly 20% of celebrants planning to dress up their pet this year. “Out of 31.3 million Americans planning to dress up their pets in costume, millennials (25-34) are most likely to dress up their pets, the highest we have seen in the history of our surveys.”
Pumpkin won out as the top pet costume (11%), with hot dog not far behind (7.6%). Will you be dressing up your dog or cat this Halloween?
Check out our infographic of other interesting Halloween 2018 facts from the NRF’s survey of 6,961 consumers below.
Infographic: Halloween 2018
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