News

Target says it will never open on Thanksgiving again

Target (TGT) said Monday that it will close all of its stores for Thanksgiving every year from 2021 onwards. Target the store closed last year on Thanksgiving due to the pandemic and had previously announced it would be closing this Thanksgiving.

“What started as a pandemic-driven interim measure is now our new standard,” Target CEO Brian Cornell said in a note to employees. Cornell said he decided to make the policy permanent after visiting Target stores last week in New York and New Jersey, where workers told him they were happy to be able to stay home over Thanksgiving. thanks.

The pandemic pushed many other chains last year to close for Thanksgiving last year, including Walmart (WMT), Best buy (BBY) and Dick’s sportswear (DKS). These companies will close again for the holiday season this year, although none have made permanent changes to future Thanksgiving policies.
Target’s announcement Monday is another sign of how holiday shopping trends in the United States have changed. While the holiday season is usually marked by a few big holidays, retailers have in recent years started deals and events earlier and spread them across the season – helping them avoid demand. rush, which can put a strain on stores and their delivery networks. This year, retailers have launched their deals earlier than ever to stay ahead supply chain woes and limit empty shelves.

In the past, Thanksgiving closures have been a source of tension between retailers and labor advocates, especially as many retailers in recent years have opened their doors for the holiday to price increase on Black Friday.

Critics say workers should stay home with their families on Thanksgiving instead.

Over the past few years, public pressure on retailers to close on Thanksgiving has diminished. 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.

However, not all major retailers will be closed on Thanksgiving. raw food, Kroger (KR) and Common Dollar (DG), among others, will remain open.

.

Source link

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button