On Thanksgiving Day, should stores be open or closed? | The Tylt

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On Thanksgiving Day, should stores be open or closed?
#ShopOnThanksgiving
#ShopOnThanksgiving
#CloseOnThanksgiving
#CloseOnThanksgiving

For decades, large chain retailers and grocery stores have chosen to remain open on Thanksgiving in some capacity. Some remain open for customers who need last-minute items for their Thanksgiving meal, while others open in the evening hours for "Black Friday" early-bird sales. Now, some stores are changing their tune; both Walmart and Target will close their doors on Thanksgiving in order for employees to spend time with their families. Although some critique this change as a pale attempt at satisfying employees' demands for things like continued hazard pay and livable wages outside of the current pandemic, some say it's a step in the right direction to greater wins down the line. Should stores stay open on Thanksgiving?

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On Thanksgiving Day, should stores be open or closed?
#ShopOnThanksgiving
#CloseOnThanksgiving
#CloseOnThanksgiving

Large retailers that choose to close their doors on Thanksgiving Day are few and far between. Now, Walmart and Target will join those select few. Per Forbes' Walter Loeb: 

Now, John Fulmer, president and CEO of Walmart U.S., pipes up by saying that “it has been a trying year, and associates have stepped up. We hope they will enjoy a special Thanksgiving Day at home with their loved ones.”
Walmart also showed concern for their front-line workers by announcing a third round of cash bonuses for store, club, distribution center, and fulfillment center associates that will totaling $428 Million. So far, that means the company will have paid out $1.1 Billion for COVID-19 pandemic bonuses.

For the record, although most were glad to hear of Walmart and Target's announcements, many are worried the companies are using the idea of closing on Thanksgiving Day as virtue signaling—to get praise for seemingly caring about employees when in reality many questions have yet to be answered, such as whether or not the day will be a paid holiday

#ShopOnThanksgiving

In the past, retailers have chosen to remain open on Thanksgiving in order to gain a competitive advantage. The coronavirus pandemic will undoubtedly produce a different kind of Thanksgiving shopping experience in terms of crowds, and the result might mean retailers and grocers are hurting for business. 

As Money Tips points out, the week of Thanksgiving can give chains an advantage that "can be sustained through the entire holiday shopping season." 

As a retailer, if your competitors are not open on Thanksgiving, you are gaining multiple advantages. You get first crack at serving the Thanksgiving/Black Friday bargain hunters, and are likely to reduce the traffic at your competitor's opening as a result. Increasing sales is one thing, but taking sales away from your competition is another.
VOTE NOW
Culture
On Thanksgiving Day, should stores be open or closed?
#ShopOnThanksgiving
#ShopOnThanksgiving
#CloseOnThanksgiving
#CloseOnThanksgiving