Spirit Halloween Expands to Christmas Amid Decline in Halloween Spending

As Halloween spending drops due to inflation, Spirit Halloween launches Christmas stores to tap into growing holiday market.

Halloween spending is projected to decrease by 5% this year, totaling $11.6 billion, as inflation impacts consumer budgets.
Spirit Halloween is opening 10 'Spirit Christmas' stores in the Northeast to capitalize on the anticipated 7% rise in winter holiday spending.
Retailers face challenges with increased operational costs, high unemployment, and reduced consumer spending, particularly affecting lower-income households.
Major declines in Halloween sales are expected in greeting cards and costumes, crucial categories for seasonal retailers.
Several retailers, including Michaels and At Home, are struggling with the economic downturn, leading to a wave of high-profile bankruptcies.