Spirit Halloween’s meme-worthy $2 billion business is successful thanks to scooping up short-term leases from bankrupt stores

Spirit Halloween has carved out a remarkable niche in the retail landscape, generating approximately $2 billion in revenue by capitalizing on short-term leases from bankrupt stores. Moody's Ratings highlighted that in 2023, Spirit outperformed Spencer's, showcasing its effective business model. This success not only reflects the brand's ability to adapt and thrive in challenging economic conditions but also underscores the growing trend of temporary retail spaces, making it a significant player in the seasonal retail market.