Consumer Spending on Halloween Expected to Dip This Year Due to COVID-19

October 22, 2020

This article is included in these additional categories:

Customer-Centric | Industries | Retail & E-Commerce | Spending Trends

NRF Halloween Spending Forecasts 2005 2020 Oct2020Even though the country is still struggling with the COVID-19 virus, Americans expect to participate in Halloween activities this year. However, they will be spending less this year than they spent in 2019, according to the latest survey from the NRF.

This year’s survey estimates that 148 million US adults will celebrate Halloween this year. This is down considerably from last year’s estimated 172 million. Total Halloween-related spending is expected to reach close to $8.1 billion, falling short of last year’s $8.8 billion. This is the lowest total spending since 2015’s $6.9 billion.

That said, celebrants plan to spend more on average ($92.12) per person than last year ($86.27).

A little less than two-thirds of the total spending forecast is expected to be spent on costumes (totaling $2.6 billion – purchased by 65% of Halloween shoppers) and decorations ($2.6 billion; 75%), with another $2.4 billion being spent on candy, the most popular purchase (planned by 95% of Halloween shoppers).

The pandemic hasn’t dampened celebrants’ plans to dress up their pets for the holiday, with 18% saying they will do so this year. This is in line with last year’s 17% who expected to do so.

And, while the top costume for pet lovers is expected to be pumpkin costumes, the most popular costumes for children are Princess and Spiderman costumes. Some 46% of adults say they plan to dress up this year, with 4.6 million expecting to dress like witches.

Celebrants plan to shop for their Halloween merchandise at discount stores (38%), specialty Halloween or costume stores (32%), online (29%), grocery stores/supermarkets (26%) and department stores (22%).

For more data on Halloween spending and planned purchases, see the NRF survey results here.

About the Data: NRF results are based on a survey of 7,644 consumers conducted September 1-9 and has a margin of error of plus or minus 1.1 percentage points.

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