Black Hills FOX Business: Halloween 2018 brings in billions

Published: Oct. 15, 2018 at 7:37 PM MDT
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Total spending for Halloween this year is expected to reach a whopping $9 billion according to the National Retail Federation.

The ghouls, goblins, and ghosts will be out again in just a couple of weeks and are planning to spend an average of $86.70, almost one dollar more than last year. More than 175 million Americans plan to take part in the festive yet spooky holiday.

The owner of Dakota Party in Rapid City says there are a number of things that make business successful during this time.

"We see a lot of costumes as a big driver, kids to adults, and of course decorating you've got all kinds of decorating ideas for your yards, your classrooms, business, however you want to go about it. Then of course if there's any school parities, home parties, that sort of thing so we see a lot of people for all the occasions for Halloween," said Jack Wellman, owner of Dakota Party.

Wellman says there is no other reason the little ones and their parents come in to shop than "it's a fun holiday of course kids love to dress up, trick or treat, it's a good fun fall event party event, so it's a fun time for a lot of people."

Wellman also says thousands flock through the doors from now through the end of the month so if you haven't got your costume yet, you may want to get on it.