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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

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Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Retail

Ramadan and Eid al-Fitr Decorations? Party City Is Discovering American Muslims’ Purchasing Power

By
David Meyer
David Meyer
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By
David Meyer
David Meyer
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May 16, 2018, 8:04 AM ET

Party City, the party supply store, says it has become the first national retail chain in the U.S. to offer a range of decorations for the Muslim holy month of Ramadan and the festival of Eid al-Fitr, which ends the Ramadan fast.

According to a CNN report, the chain is selling the decorations online and trialling them in a limited number of stores, and demand has been “very strong.”

Ramadan began at sundown on Tuesday evening, and Eid al-Fitr begins at sundown on June 14. According to Islamic belief, the month of Ramadan commemorates the archangel Gabriel’s visit to the prophet Muhammad, in which he began to reveal the Quran, Islam’s central religious text.

The U.S. has a growing Muslim population, estimated to total 3.45 million at the moment, but surveys have shown that many still don’t believe the religion is accepted in the American mainstream.

As an article in the Houston Chronicle notes, Muslin community leaders have for years been urging retailers to tap into the expanding Muslim market, which has an estimated purchasing power of up to $200 billion.

Party City’s decorations provide just one example of this happening. Last year, Mattel (MAT) released its first hijab-wearing Barbie doll, and Nike (NKE) started selling sporting hijabs.

The retailers’ efforts are “a step forward to making Muslims feel welcomed,” American Muslim woman Farah Zubair told the Chronicle.

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