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All hollows eve: Halloween celebrations get bigger nearly every year

All hollows eve: Halloween celebrations get bigger nearly every year

All Hallows’ Eve

Every year, neighborhoods the world over are swarmed with little witches, tiny ghosts, and pocket-sized pumpkins, knocking on cobweb-adorned doors in the hopes of receiving candy, before heading home to gorge it all in one go.

The holiday behind that tradition actually traces its origins back more than 2,000 years, to the ancient Celtic festival of Samhain, in what is now Ireland, as Celts marked the night of October 31 as the boundary between the end of harvest and the beginning of the dark winter. But, these days no country loves Halloween quite like the USA. Indeed, this year a whopping 73% of Americans will be celebrating the hair-raising holiday in some capacity, up 4% from 2022 and some 15% from 2020, when going door-to-door for freebies was the last thing on our minds. Compared with the 56% of Britons and 45% of Canadians who reportedly celebrate, the US reigns supreme in spookiness.

An important distinction, however, is between Halloween and Día de los Muertos, a traditional Mexican holiday on Nov. 1 and 2, which is observed by more than three quarters of Mexicans.

If you’ve got it, haunt it

Although many countries observe Hallow’s Eve, no one spends to spook quite like Americans. The National Retail Federation, which has been running surveys of Halloween spending and participation for decades, estimates that total Halloween spending in the US will reach a record $12.2 billion in 2023 — only slightly less than the entire GDP of Namibia — surpassing last year’s $10.6 billion.

The bulk of the spending spree is expected to go on costumes ($4.1 billion), decorations ($3.9 billion) and, of course, candy ($3.6 billion). While ‘tricks’ preceded ‘treats’, with Halloween pranks dating back to the 19th century, giving out Halloween candy became widely popular in the States after WWII, when sugar rationing ended.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

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