It’s Spooky – But True! Halloween Is The Latest “IT” Holiday For Marketers

shutterstock_154500236Huge Halloween Brand Opportunities: Holiday Spending to Reach $8.4 Billion, Highest in NRF Survey History – Pets and People Go Big For This Fun Holiday

Is Your Brand On Pinterest?  It’s the Top Influencer for All Things Halloween

Americans are looking forward to splurging on their favorite candy and costumes this Halloween season, and brand PR and marketers are poised to take advantage of the biggest black-and-orange holiday opportunities on record—according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics, total spending for Halloween is expected to reach $8.4 billion, an all-time high in the survey’s history.

U.S. consumers are expected to spend an average of $82.93, up from last year’s $74.34, with more than 171 million Americans planning to partake in Halloween festivities this year.

“After a long summer, families are excited to welcome the fall season celebrating Halloween,” said NRF president and CEO Matthew Shay, in a news release. “Retailers are preparing for the day by offering a wide variety of options in costumes, decorations and candy, while being aggressive with their promotions to capture the most out of this shopping event.”

According to the survey, consumers plan to spend $3.1 billion on costumes (purchased by 67 percent of Halloween shoppers), $2.5 billion on candy (94.3 percent), $2.4 billion on decorations (70 percent) and $390 million on greeting cards (35.4 percent).

When it comes to preparation, 71 percent of consumers plan to hand out candy, decorate their home or yard (49 percent), dress in costume (47 percent), carve a pumpkin (46 percent), throw or attend a party (34 percent), take their children trick-or-treating (30 percent), visit a haunted house (21 percent) or dress their pet(s) in costume (16 percent).

Searching for the perfect costume inspiration will lead consumers to sources such as online (35 percent) and in-store (29 percent). Social media is the fastest-growing influencer for the perfect costume, particularly Pinterest(17 percent), which has seen 133 percent growth since 2012. Some other places for inspiration include friends/family (19 percent), Facebook (17 percent), pop culture (16 percent) and print media (14 percent).

“Consumers are eager to celebrate Halloween, especially given that eight in 10 Americans will shop by mid-October. That is the highest we have seen in the survey history,” said Prosper Insights principal analyst Pam Goodfellow, in the release. “Americans will enjoy taking advantage of early-bird promotions both online and in-store as they kick off the fall season.”

When it comes to where consumers will shop for the season, 47 percent of shoppers will visit discount stores to buy their Halloween-related items this year and 36 percent will visit a specialty Halloween/costume store, up from 33 percent last year. In addition, 26 percent of customers will visit grocery stores/supermarkets, 23 percent will visit department stores and 22 percent will shop online.

The survey asked 6,791 consumers about Halloween shopping plans. It was conducted September 6-13 and has a margin of error of plus or minus 1.2 percentage points.

Source: Business Wire; edited by Richard Carufel

ORANGE is the color of action! Buy, Sell and Let’s Show Some Orange Enthusiasm!

What color is the logo of the organization you represent?  Do you share qualities with other brands of the same color?

According to Fast Company. “The implications of color’s effect on people’s emotions are far reaching, and understanding your customers’ connections to certain colors could increase the effectiveness of your company’s branding methods.

Heading into Fall and the harvest, ORANGE is this month’s color to explore.

Pumpkins, the color of the harvest moon and one of the colors of the University of Florida Gators!

logo color 2015 ORANGE

Research complied by web design and marketing company WebPageFX, people make a subconscious judgment about a product in less than 90 seconds of viewing, and a majority of these people base that assessment on color alone. In fact, almost 85% of consumers cite color as the primary reason they buy a particular product, and 80% of people believe color increases brand recognition.”

What can be learned here?  I’d love to hear what you think!

With thanks to Fast Company for this great article –infographic from WebPageFX, written by Rachel Gillett.

Here is a beautiful Fall image with orange as the dominant color.shutterstock_1945459