Welcome to October! We’re celebrating the start of spooky season by sharing some insights on Halloween spending and supply chain trends. ?? ?? Spooky Spending The National Retail Federation’s annual consumer survey reports that Halloween spending is expected to reach $11.6 billion this year, with 47% of shoppers starting to buy items before October. ?? Halloween Supply Chains S&P Global shared a recent report that states Halloween related imports are up 18.6% year over year. If you’re planning on handing out candy, it may be good to know that average chocolate bar prices have increased by 9.6% due to poor cocoa harvests. ??♂? Costume Trends The same report shares that imports for costumes have dropped 19.4% compared to 2023. Zombie costumes are coming back from the dead, almost doubling from 2023, while clown costumes are down 29%. What are your Halloween plans this year? #Halloween #Logistics #SupplyChain
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Americans are expected to spend $11.6 billion on Halloween in 2024, which is a slight decrease from the record-breaking $12.2 billion spent in 2023. The average person is expected to spend $103.63 on Halloween in 2024, which is also a little less than the 2023 average of $108.24. Here are some fun other details about Halloween: ?? What is the top selling treat on Halloween from coast to coast? ????Reese's Peanut Butter Cups: The Pumpkin King of Halloween ??Spirit Halloween is the largest Halloween retailer in the country. With more than 1,500 seasonal locations in strip centers and malls across North America, Spirit is the one-stop destination for all things Halloween. Discount stores (37%) remain the top destination to buy Halloween items, followed by specialty Halloween/costume stores (33%) and online (33%). Happy Halloween! #nrf #halloween #retail #TopRetailExpert #discount #retailers International Retail Group, LLC
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?? Guessing prices during Halloween? Now that’s the real fright! ?? ?? Ever noticed how the price of #Halloween candy creeps up as the 31st approaches, only to drop back down once the party’s over? Retailers know demand is at its peak for costumes, decorations, and treats, so they adjust ???prices to match the Halloween rush, and then it’s back to discounts and clearance on November 1st. ??? Another trick supermarkets use is dressing up standard products with Halloween-themed packaging and raising the price, like?? bat-shaped ?? garlic bread or spooky-labelled snacks, all with a seasonal price boost! But rather than relying on guesses,??one helpful approach brands can use, is leverage consumer ?? insights to make smarter decisions. Holiday season is a prime opportunity for using market simulations to explore the impact of seasonal pricing strategies. ??? With tools like #Promotion Lab, brands can experiment with various promotional tactics to find out which offers attract customers and provide the best value. ?? Find out more: https://lnkd.in/dux5KRsT ?? What pricing tricks (or treats!) are you testing out this Halloween?
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?Supply chains are navigating a mix of "tricks" and "treats" to meet #Halloween seasonal demands.??? This Supply Chain Digital article dives deeper into the logistics behind this spooky holiday: https://lnkd.in/eZQfHu-x #Halloween2024 #SupplyChain #Logistics
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?? Trick or Treat: Inside the $11.6bn US Halloween Supply Chain ?? Ever wondered how supply chain pros keep Halloween spooktacular every year? From pumpkins to costumes, the countdown to Halloween is a masterclass in seasonal demand management. With spending expected to hit a staggering $11.6 billion!! Special thanks to industry leaders like John Furner of Walmart USA, Party City, and Spirit Halloween for ensuring that our Halloween is filled with treats, not tricks! ????? Read our latest article by Libby Hargreaves to discover the intricate web of logistics that makes this festive season a reality: #SupplyChain #Logistics #Halloween2024
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Halloween Spending could hit $11.6 Billion in 2024! ?? The latest research reveals that U.S. consumers are projected to spend a staggering $11.6 billion on Halloween this year. Breakdown of Spending: ?? Costumes: $3.8 billion ?? Candy: $3.5 billion ?? Decorations: $3.8 billion ?? Greeting Cards: $500 million Despite economic challenges, Americans continue to invest in festive celebrations, highlighting the enduring appeal of Halloween traditions. #Halloween2024 #HalloweenSpending #ConsumerBehavior #MarketResearch #HalloweenTrends #SpookySeason #HalloweenEconomy #RetailTrends #CostumeSpending #HalloweenFun #ConsumerInsights
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It’s October – AKA spooky season. ???? 72% of Americans plan to celebrate Halloween and a third will turn to #eCommerce to purchase their festive supplies. Total Halloween spending is expected to reach $11.6B this year! How that shakes out: ?? ?? 95% of celebrants are buying candy, accounting for $3.5B in sweet sales. ?? 67% will buy costumes – the most popular choices for kids are Spider-Man, Ghost and Princess. ?? 75% purchase décor, spending a combined $3.8 billion in this category. More #HalloweenRetail data from the National Retail Federation: https://hubs.la/Q02SnXg90 #HolidayRetail #RetailTrends #eCommerceTrends
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?? Halloween is here... but who’s in for the real ??????????-????-?????????? this year? Consumers or Retailers? Vypr's latest intelligence reveals that: ?? 20% of UK shoppers?plan to cut back, with only?35% feeling they can fully afford?Halloween celebrations ?? Home parties and lower-cost socialising?are on the rise ??? Tesco?is the leading choice for children's costume shopping And though budgets are tight,?sweets remain top of the list, with?59% planning to stock up?for trick-or-treaters ?? Could this indicate that extensive Halloween collections are facing surplus stock? And will substantial discounts be needed to move it? Read on to find out more https://lnkd.in/etcySZv9
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Are you looking for spookily sweet success? ???? Holding a cauldron of potential, Halloween is making it's way into the world of convenience, bring spellbinding profits and spooky new NPD ???? With 2023 being a record year for consumer spending during the Halloween period*, it is crucial for convenience retailers to tap into this terrific trend to benefit from seasonal sales. This year, we have 4 exciting products as part of our Halloween range, including 2 NEW lines! ?? NEW Monster Brain Sucker: A jaw-breaking, multi-layered lollipop bursting with sour powder and a bubble gum centre ?? Flash Pop: A Bobby’s novelty staple, creating a fun twist to the traditional lollipop with a funky flashlight ?? NEW Terror Bites: Think of our classic BPOP but spooktacular… bringing terrifying teeth and vampire vibes to this season ?? Blood Balls: They’re back! Irresistibly chewy, tongue-painting gumballs, perfect for trick-or-treaters So whether your customers are looking for last minute Halloween party supplies, or Trick or Treat staples, make sure they know your store is the go-to hub for all things Halloween. Spooky season is coming… so get prepared and stock up with Bobby’s! Contact us today??? #BeMoreBobbys #BobbysFoods #Bobbys #Halloween #Seasonal #NPD #New #Category #Record #Convenience #ConvenienceRetailers #IndependentRetailers #Symbols #Forecourt #Retail
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As Halloween approaches, the market is witnessing a surge in demand for themed products and experiences. Retailers are capitalizing on the festive spirit by offering an array of spooky decorations, costumes, and treats. With consumers eager to celebrate, businesses are innovating to provide unique and memorable experiences, both online and in-store. This seasonal boost is a testament to the holiday's enduring popularity and its impact on the economy. Stay tuned for more trends and insights as we delve deeper into the Halloween market dynamics. #HalloweenMarket #RetailTrends
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### Unwrapping Bulk Halloween Candy Options Online The challenge of sourcing bulk Halloween candy at competitive prices is one that many businesses and event planners face each holiday season. However, a wealth of online options exists to meet these needs effectively and efficiently. Notably, retailers like Oriental Trading Company and Just Candy not only offer an extensive range of spooky-themed candies, such as lollipops and gummies, but also provide packaging options suited for large-scale events or personal bulk purchases. Meanwhile, Amazon's extensive inventory and competitive pricing make it a go-to for those seeking variety and convenience, while niche players like Jack's Candy bring international sweets and unique offerings to the table. This diverse range of options not only simplifies procurement but also ensures that there's something for every kind of Halloween festivity. As industry professionals, how do you approach selecting the right suppliers for seasonal bulk purchases? What factors most influence your decision when looking for bulk candy options online?
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Check out the full reports from S&P Global and the National Retail Federation for more insights:? ?? https://www.spglobal.com/marketintelligence/en/mi/research-analysis/halloween-2024-supply-chain-activity-booms.html?? ?? https://nrf.com/research-insights/holiday-data-and-trends/halloween??