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Haunted Houses: Halloween is 2nd-Largest Decorating Holiday
Aired October 03, 2003 - 06:45 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Halloween might be considered a children's holiday, but people of all ages spend a lot more on this holiday than you might think.
Carrie Lee has the scary story in her "Business Buzz" live from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
Typically a children's holiday, but people of all ages really get involved with Halloween. And with the holiday just a couple of weeks away, here are some statistics for this year. According to the National Retail Federation, nearly 56 percent of people plan to celebrate Halloween this year. Halloween is the second largest holiday for decorating after the winter holidays. And nearly half of the people surveyed plan to decorate their homes or yards this year.
Obviously, this is very good news for retailers, from grocery stores to card shops. On average, people plan to spend nearly $41 on items such as decorations, on costumes, on candy, on greeting cards. Over half of the consumers surveyed planned to take their kids trick or treating. And 86 percent of adults over the age of 45 will hand out candy. Probably helps that October 31 falls on a Friday night this year. So a lot of people partying and eating candy, to be sure.
Quick check on the markets, we are expecting a pretty flat open right now for this Friday's session. We'll get the big jobs report coming out at 8:30 Eastern. So certainly a lot of people waiting for that. The unemployment rate expected for September to tick a little bit higher to 6.2 percent from 6.1 last month. We are expecting to lose about 25,000 jobs for September.
One stock to watch, Starbucks, saying that sales at stores open at least one year for September, gains 9 percent. Amazing, Carol. More and more people keep drinking coffee. They keep opening stores and selling the Java.
Back to you.
COSTELLO: Yes, you say that as I'm on my fourth cup. Carrie Lee live from the Nasdaq market place.
LEE: We're helping the trend, right?
COSTELLO: That's right.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Holiday>
Aired October 3, 2003 - 06:45 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Halloween might be considered a children's holiday, but people of all ages spend a lot more on this holiday than you might think.
Carrie Lee has the scary story in her "Business Buzz" live from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
Typically a children's holiday, but people of all ages really get involved with Halloween. And with the holiday just a couple of weeks away, here are some statistics for this year. According to the National Retail Federation, nearly 56 percent of people plan to celebrate Halloween this year. Halloween is the second largest holiday for decorating after the winter holidays. And nearly half of the people surveyed plan to decorate their homes or yards this year.
Obviously, this is very good news for retailers, from grocery stores to card shops. On average, people plan to spend nearly $41 on items such as decorations, on costumes, on candy, on greeting cards. Over half of the consumers surveyed planned to take their kids trick or treating. And 86 percent of adults over the age of 45 will hand out candy. Probably helps that October 31 falls on a Friday night this year. So a lot of people partying and eating candy, to be sure.
Quick check on the markets, we are expecting a pretty flat open right now for this Friday's session. We'll get the big jobs report coming out at 8:30 Eastern. So certainly a lot of people waiting for that. The unemployment rate expected for September to tick a little bit higher to 6.2 percent from 6.1 last month. We are expecting to lose about 25,000 jobs for September.
One stock to watch, Starbucks, saying that sales at stores open at least one year for September, gains 9 percent. Amazing, Carol. More and more people keep drinking coffee. They keep opening stores and selling the Java.
Back to you.
COSTELLO: Yes, you say that as I'm on my fourth cup. Carrie Lee live from the Nasdaq market place.
LEE: We're helping the trend, right?
COSTELLO: That's right.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Holiday>
