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Dustin LindenSmith

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Halloween sales pegged at $1 billion

I don't really get this. Why are people spending so much bread on Halloween, of all things? And what's this about consumers having more discretionary income? I thought consumer debt was at an all-time high. I guess oil prices haven't gotten high enough yet to curb discretionary spending in other areas.

From this CBC article:
"Guy yesterday came in and bought a $1,000 Darth Vader costume," said Scott Bennie. Halloween is no longer a single holiday, according to Bennie.

"There are a lot of people that are so into Halloween that they start shopping at the end of September. We start getting all our stock in August."

"Halloween is now approaching the Christmas holiday season as the biggest season for retailers," said Kevin Evans of the Retail Council of Canada.

Total sales this year are projected at $1.1 billion – that's up 50 per cent from just five years ago.

"More consumers have more discretionary income. This is an occasion that brings out the inner child in us all," said Evans. "And Canadian consumers have shown a real affection for Halloween."

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vyus October 31st, 2005
i don't know if you can take the comments of a retail group as an accurate description of the economy ;) altho the US economy is still strong & the cost of borrowing is still very low, you're right that there is high high debt and not enough saving...

the cost of gas was higher in real dollars during the 80's runup. that's when manufacturers started putting out economy cars before cycling back to full size things in the late 80's & 90s.

and now we've got truck-based SUVs spinning down and car-based SUVs (better gas mileage akin to a minivan) spinning up. If I were smart, I'd follow the oil cycle back a few decades and check out current analogs for past trends.

but eh, i'm too tired from that stupid race. enough rambling ;)

chaizzilla November 1st, 2005
if you squint you can hear the mechanical whine of think tanks chirping

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