Halloween is about scaring people and being scared for fun; and it is not just for kids.
In fact, Americans will spend more money on adult costumes this season than on costumes for kids according to the National Retail Federation.
Americans will spend $2.6 billion on Halloween costumes this season, according to data recently released by the National Retail Federation. While that's down slightly from last year, they’ll still shell out $1 billion for children’s costumes, $1.2 billion for adult costumes and $330 million on pet costumes.
I recently noticed that there is more bad news than there is good news coming from the retail and restaurant sectors of our economy.
The losses in the 2nd quarter are worse than expected for Barnes & Noble. WalMart’s profits are down and projections for the remainder of the year have been reduced. The loses at J.C. Penny are double the projections. And the profits at Bob Evans Restaurants are off 40% due to the rising cost of pork, operations, and employees. Also, a whopping 82% of restaurants, restaurant chain owners, and franchisees list the impending Obamacare and minimum wage law issues as their biggest worries keeping them from expansion.