Summary
A candy company in Texas, CandyWarehouse.com, has filed for bankruptcy just before Halloween, which is usually a busy time for candy sellers. The company has faced a drop in sales and owes more money than it owns. Many Americans are reconsidering their Halloween candy spending due to higher prices.
Key Facts
- CandyWarehouse.com filed for Chapter 11 bankruptcy protection in Texas.
- The company's assets are estimated between $100,000 and $500,000.
- It has liabilities between $1 million and $10 million.
- The company's online sales fell by 10-20% last year, and another 20-50% decline is expected in 2025.
- Halloween candy prices are expected to be 10.8% higher than last year.
- Tariffs and supply issues in cocoa-producing countries have raised chocolate prices.
- Nearly 80% of people expect higher prices this Halloween due to tariffs.
- Americans are expected to spend $3.9 billion on candy this Halloween.
