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Posted by: Maricopa Lawyers on Oct 30, 2014

Halloween related sales are a monstrous business in Arizona, according to the latest estimates from a National Retail Federation report.

How much is this ghoulish business expected to grow? National holiday spending is estimated to reach an illustrious $7.4 billion mark. Your average Valley resident is expected to spend roughly $80 this holiday season on costumes, candy and décor – a figure up from approximately $75.03 the previous year.

Economic figures indicate the trick-or-treating season will be booming in 2014. Costumes are virtually flying off store shelves this season – with most popular honors awarded to Frozen and Teenage Mutant Ninja Turtles. Nearly $1.2 billion will be spent upon children’s costumes.

Adults are still spending on their own celebrations. Roughly 75 million adults are expected to pay out $1.4 billion on witch, pirate, animal and Batman costumes this year.

Consumers are shelling out for far more than costumes – sales figures indicate huge sales relating to decorations, candy for trick-or-treaters, and even – in a silly turn of events – costumes for their dogs & cats, to the tune of $350 million. The sales figures were reported by Prosper Insights & Analytics in their annual Halloween Consumer Top Costumes Survey.

Why are we seeing a surge in sales this Halloween season? Economists will be quick to point out that things are continually trending upwards in America, following a lengthy recession. Consumer spending can even be attributed to the fact that Halloween arrives on a Friday this year, ensuring ghosts & goblins will be out in full force.

Consumer spending increases are similarly reciprocated along the National Retail Federation report. CEO Matthew Shay, said, “There’s no question that the variety of adult, child and even pet costumes now available has driven the demand and popularity of Halloween among consumers of all ages.”