businessneutral
Spirit Halloween's Festive Experiment: New Christmas Stores Arrive
New Jersey, USAWednesday, October 9, 2024
The company is testing the waters with these 10 stores. They want to see if customers will keep shopping for the holidays. Holiday sales can be big business, with spending reaching $964.4 billion last year.
But is it a sure bet? Maybe not. Deloitte predicts holiday retail sales will grow between 2.3% and 3.3% in 2024, but they expect online shopping, which Spirit Christmas won't support, to jump by 7% to 9%. Meanwhile, Amazon is already hiring 250,000 seasonal workers.
With a presidential election and a harsh hurricane season ahead, it's uncertain how holiday spending will be affected. Spirit Halloween's experiment is an interesting twist in the retail world, aiming to bring some holiday cheer to shoppers.
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