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Frankenstorm Expected to Impact Halloween Sales

  • Oct 29, 2012 | Gail Cole

Until Hurricane Sandy appeared on the scene, Halloween spending was expected to reach record levels this year.

IBISWorld has anticipated the nation will spend some $2.8 billion on costumes, $2.3 billion on candy, and $2.3 on decorations. Throw in money for spooky cards, and the total could reach $8 billion.

However, Hurricane Sandy, which has been nicknamed the "Frankenstorm," is now expected to impact Halloween spending in affected areas. According to Forbes, while the precise impact of the storm is "impossible to predict," it seems likely that "[s]hopping for a killer costume pales in comparison to readying for a killer storm."

Still, the National Retail Federation has predicted that seven out of ten Americans will celebrate Halloween this year. A newspaper in Salem, Massachusetts, home to the Salem Witch Museum, reports that early Halloween festivities were "undaunted by rain" this past weekend. Whether or not that type of enthusiasm can persevere in the coming days remains to be seen.

Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.