JONESBORO, AR (KAIT) - Sales from Halloween costumes and celebrations this year are expected to top 2010 spending by an estimated one million dollars, according to the National Retail Federation.
A recent national survey by the NRF estimates that nearly 70% of Americans will celebrate Halloween in a couple of weeks, spending as much as $6.86 billion on costumes, decorations, candy and greeting cards.
The survey projects Americans to spend more than $2 billion on adult and children's costumes, up from more than $1 billion last year.
Austin Zimora said he plans for Halloween. "When I look at holidays I manage my money and I try to save for Halloween specifically."
Golden Grotto owner Larry McIlvoy has seen a small increase in store sales compared to this time last year, but he is skeptical of the estimated increase reported in the survey. "I don't know if that's going to be the case or not," he said. "I have friends that own stores all over the United States and Canada and they're not seeing that trend very much at all."
McIlvoy said there are thrifty Halloween costumes available for people who don't want to spend a lot of money. "Accessories is the way to go if you need to go inexpensive."
Nearly one-third of the survey participants said the U.S. economy will affect how they spend their money for Halloween. They listed making costumes, buying less candy and spending less money overall as alternatives to paying for an expensive Halloween.