Halloween can be spooky for retailers. This year, the holiday falls on a Thursday night so most party-goers have used the prior weekend to celebrate and get out their creepy costume.
In 2012, according to industry research firm IBISWorld, Halloween was set to reach a record-setting $8 billion in consumer spending. The items on the shopping list include costumes, (which make up 36% of the Halloween sales event) and candy (which accounts for 30% of sales) and the lesser budget items include decorations and cards that still bring in the additional revenue.
The price of sugar and chocolate continue to surge at at average of over 10% a year, so that cost is passed along to the consumer.
While this may be great for the retail business, most consumer will be trying to hold back the spending. And since Halloween is not a work holiday and because it falls on a Thursday night, this will limit some family activities.
Keeping the budget in mind, families can reduce the cost and still keep the fun by trying the following:
1. Homemade costumes and make-up are less expensive than buying a mask and store apparel so check out your closets and get creative. Or try the local thrift store for silly hats and that vintage look.
2. Combine chocolates with other sweet treats to create mixed variety of handouts for the little beggars, include stickers.
3. Make your own home decorations and get the kids involved with some simple crafts for ghosts and pumpkins that are easy to draw.
4. Set a time limit for lights out, since the next day is a school and work day.
Have a safe and fun Halloween.
For some fun doggie costumes, check out the video above.
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