Stores will be closed for Thanksgiving but thousands of retail employees are still working

Target (TGT) said on Monday that it would close all from now on, a move that could lead rivals to follow – and make shopping in stores on Thanksgiving obsolete.
In 2020, many other chain stores close for the first time on Thanksgiving, including Walmart (WMT), Best buy (BBY) and Dick’s sportswear (DKS). These companies will again close stores for the holiday this year, although none of the companies will make permanent changes to their Thanksgiving policies going forward.
Some companies, such as Costco (PRICE) and Home Depot (HD), has closed stores on Thanksgiving for years.

That doesn’t mean stores and warehouses will be completely empty on Thursday. Black Friday is fast approaching, and retailers need to work to prepare for the biggest shopping day of the year.

A company spokesperson said a small percentage of Target’s workforce, such as supply chain and service center employees, will still be working on Thanksgiving.

Target said it worked with employees to understand their scheduling preferences early in the season, and employees who work Thanksgiving will be paid extra. Most Target stores will reopen at 7 a.m. local time on Black Friday.

How to find lower prices and avoid empty shelves during peak holiday shopping

In the past, Thanksgiving opening has been a source of tension between retailers and labor advocates, especially as many retailers have opened their doors for the holiday to try to raise prices on Monday. Black Six.

Labor advocates have argued that workers should instead stay home with their families on Thanksgiving.

Over the past few years, public pressure on retailers to close on Thanksgiving has abated. Instead, workers’ rights groups have focused on broader issues such as minimum wages, benefits and schedules.

Several states, including Massachusetts, Maine and Rhode Island, have banned large crate stores from opening on Thanksgiving. A California lawmaker proposed a law in 2016 that would require some companies to double pay employees for working on Thanksgiving, but it hasn’t been passed.

Why closing on Thanksgiving won’t affect retailers

The holiday period used to be marked by a few important dates – Black Friday was the biggest one. Stores will take advantage of these occasions to boost most of their holiday sales. But with the rise of online shopping, retailers no longer rely on holidays to boost sales.

Retailers also don’t want everyone to shop at the same time. So, in recent years, they’ve started their deals and events earlier and spread them out seasonally – helping to avoid a rush of demand that can strain stores and delivery networks. their goods.

This year, stores have increased their deals earlier than ever to start difficult supply chain and limited empty shelves.

The extended shopping season means stores can close for Thanksgiving without much impact on sales.

Stay open on Thanksgiving maybe not makes a lot of business sense one in two. Some retailers have found that keeping stores open on holidays reduces sales on Black Friday and the long weekend.


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