Walmart says stores will be closed on Thanksgiving Day
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw profits jump in the last quarter as e-commerce sales increased during the coronavirus pandemic.
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With the move, two of the country’s largest discounters show how the pandemic has permanently influenced the industry – even as cases of Covid-19 decline and the health crisis abates in the United States. This will mark the second year in a row that Target and Walmart stores are closed on Thanksgiving Day. The target had announced its decision in January.
For many years, consumers have taken holiday shopping in earnest the day after Thanksgiving, also known as Black Friday. But until last year, some retailers had delayed the kickoff of Black Friday events earlier and earlier.
Many retailers, including Best buy and Lowe’s, adjusted the pace of the holiday sales season last year. Businesses started selling around Halloween, but closed stores on Thanksgiving Day and put more promotions online to try and cut down on crowds that could help spread the virus and show their appreciation to front-line workers. line.
Walmart broke the news of this year’s Thanksgiving to a group of store employees at its Associate Celebration Meeting. This gathering typically coincides with Walmart’s annual meeting of shareholders in Bentonville, Arkansas, which was held for virtually the second year in a row.
Walmart COO Dacona Smith said in a press release that closing stores over the holidays “is a way for us to say” thank you “to our teams for their dedication and hard work this year. “.
Walmart has said it will share Black Friday hours at a later date.