Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Halloween boosts consumer spending

 

Liam O'Brien
Monday 29 October 2012 06:51 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

British consumers are spending more on Halloween merchandise than ever. Waitrose announced yesterday it had seen a hefty rise in sales of its horror-themed goods compared to last year, and across the country it is contending with Valentine's Day to be the biggest consumer event after Christmas and Easter.

Halloween is already recognised as providing an economic boost to retailers in the US, where the National Retail Federation estimates that consumers will spend $8bn (£5bn) on festivities this year, meaning the average person will spend £5 more than they did in 2011.

Just over a decade ago, consumer spending on Halloween in the UK amounted to £12m, but it is now a £300m+ industry. Retail experts have speculated Halloween has shed its reputation as a holiday for children, while frightening franchises such as Harry Potter and Twilight have helped cement its popularity.

At Waitrose, sales of spider cupcakes and chocolate brownies are up 19 per cent on last year, while buyers have taken home 65 per cent more prepacked Halloween cakes than in 2011. Chocolate treat packs have also gone up 86 per cent.

Waitrose seasonal manager Alison McLoughlin said: "Halloween is one of the fastest growing seasonal events in the UK and this year is going be the biggest ever. We've ordered in 25 per cent more stock of all party props to cope with demand."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in