Big boost in pet costume sales

It's costumes like this banana dog that will boost holiday spending this Hallowen season.

From zombie dogs to Batman cats pet costumes are all the rage and sales for our furry friends is raking in some big bucks.

A survey done by the National Retail Federation indicates that spending on the pet costumes this year is going to be about $370 million.

That's just part of the Halloween holiday spending. Sales are expected to increase $8 billion, up 17.5 percent from last year. CNBC reports that seven in ten Americans will celebrate this year and the average person will spend $79.82 on decorations, costumes and candy. That is up about $7 from last year.

"We know Halloween is a fun time of year for families to shop and decorate. Every year, it seems like more and more people like to celebrate," Jennifer Dominiquini, the chief marketing officer for seasonal and outdoor living at Sears and Kmart told the Detroit News.

The largest part of the Halloween budget typically goes to costumes. Families with children are expected to spend about $1.1 billion on their childrenâ??s costumes, slightly more than last year. Adults will spend $1.4 billion on costumes.

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