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Second only to Christmas, Halloween is
the biggest shopping holiday for retailers, generating more than $6 billion in sales.
While price is important, it is usually not the determining factor in Halloween purchases.
In 1999, the American Express Retail Index reported that consumers spent an average of $98
on the holiday, an increase of 21% from 1998. In fact, Halloween's popularity with
consumers has grown consistently for the past three years. With billions of dollars in
sales, Halloween has become more than just a candy event (candy actually represents just
one-third of Halloween's total sales).
The Internet as a Halloween
shopping destination is steadily gaining in popularity. It is estimated that five times as
many Americans (6 percent) shopped online compared to 1999 (1 percent) and will look for
costumes or costume ideas, shop for party goods and decoration, or shop for treats in
2000.
According to the American Express Index report, mass merchandisers and discount department
stores are most often cited for Halloween products, commanding 69% of the market, and the
industry is hoping to ensure that Halloween remains America's second biggest consumer
holiday.
The popularity of Halloween is simply astounding! It is the third largest party occasion,
after New Year's and The Super Bowl. More candy is sold than on Valentine's Day and more
parties held than on New Year's Eve. Two-thirds of all grown-ups will celebrate Halloween
and half of them will spend more than $100 doing so. Consumers will send each other 28
million Halloween cards.
Halloween offers a tremendous opportunity for
retailers and brand marketers to co-market Halloween destination categories at retail,
both online and off. They can pull together Halloween solutions centers that fully
integrate a spectrum of Halloween needs--candy, cookies, baking, decorations, greeting
cards/party invitations, costumes, videos, music, etc. Retailers can appeal not just to
kids, but adults as well.
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