Will Strong 2012 Halloween Costume Sales Help With Recession?

2012 Halloween Costume Sales May Help or Hinder Economy as a Whole

Staff Report

MUNCIE, IN - While it may just seem like a small holiday where children dress up and go door to door asking for free candy, but Halloween has actually become a huge business for some people - at least once a year. And because of this, Halloween costume sales may help or hinder the economy as it struggles to recover from a massive recession.

According to the National Retail Federation, Americans will spend just under $7 billion on Halloween costumes and party supplies this year - which is quite a lot of money. The Brits are wondering if Halloween sales in 2012 might help with the UK recession, according to a press release at the Sacramento Bee.

Additionally, sales have been up somewhat for some retailers this summer. The Associated Press recently reported, "For retailers, summer clothing purchases drove the sales increase. Revenue at stores open at least a year rose 9.2 percent for clothing, the largest monthly increase since April 2011, according to the ICSC. July is typically a clearance month for stores."

Halloween has been becoming a big thing for many people. The Chicago Tribune recently reported, "Universal Studios already is prepping for its annual Halloween Horror Nights event, inking a deal with AMC to build mazes based on "The Walking Dead" at both of its Hollywood and Orlando theme parks."

And if big name companies are spending more on Halloween themed events and attractions, there is a very good chance that 2012 Halloween sales will meet or exceed the expected $7 billion mark, which could be good news for the economy as a whole.