Reported about 3 hours ago
As consumers tighten their budgets, retailers face a significant decline in Halloween spending, projected to drop by 5% to $11.6 billion this year. This downturn is particularly hard on heavily-debted retailers, many of which, like Michaels and At Home, are grappling with rising inflation and operational costs. The National Retail Federation indicates that sales of seasonal items, such as costumes and greeting cards, are expected to suffer the most, deepening the challenges in an already difficult year marked by increasing bankruptcies and consumer retreat.
Source: YAHOO