Report:
New Spooky Season Insights to Fuel Halloween Marketing Success
September 26, 2024
As Halloween creeps closer, InMarket’s Halloween Insights dives into shoppers’ plans and provides actionable recommendations for marketers.
In preparation for consumers flocking to stores to find sweet treats, perfect costumes and holiday decor, InMarket’s Halloween Insights Report explores what the shopping season will have in store.
Based on survey results from over 2,700+ respondents, InMarket’s 2024 Halloween Insights Report dives into all things related to budgets, favorite brands, top retail channels and more, so marketers can hear from the people who matter most—consumers themselves.
Key takeaways include:
1. While shoppers plan to spend the same amount or more than last year on Halloween items, price remains the top priority.
Name brands undeniably feel the burn of the Value Wars, as consumers look to save and shop value deals. No, that doesn’t mean hope is lost for increasing Halloween success and winning back or retaining your loyalists. It simply means it’s more important than ever to understand opportunities and challenges to fuel an effective, data-driven approach.
To start, dig into insights. Work with a partner who can help you both analyze your performance and fill in the gaps across the competitive landscape, providing pivotal intel into fellow name brands and private labels alike. Ask questions like:
- Did a particular promotion or product bundle lead to spikes in sales that you could emulate this year?
- Did you unknowingly see significant increases in visits and sales around payday? (It wouldn’t be shocking if you did—a recent InMarket study found spikes across retail categories timed with biweekly paydays.)
- Which channels were the most effective among particular audiences like Gen Z versus Gen X?
- Are your competitors seeing lulls during certain days or weeks during the month, or across categories and/or products where you can shine?
- Who are your best customers, lapsed and/or lost customers and is there an opportunity to grow sales by targeting those in the middle – the moveable middle? And more.
Nuanced insights are the building blocks for increasing the effectiveness, efficiency and, of course, spookiness of your Halloween marketing strategies and tactics.