Retailers like H&M, Home Depot, TJ Maxx, IKEA and Costco respond to Black Friday backlash by giving employees Thanksgiving Day off.
These retail employees can be extra thankful this year.
CBL Properties is closing all 62 of its malls and open-air shopping centers across the country on Thanksgiving Day, its second year in a row, so that workers and customers can spend the holiday with their families.
“We had such overwhelming support from last year’s decision,” Chief Executive Stephen Lebovitz told CNBC. “We felt validated by that … it was the right thing to do.”
The commercial hubs closing their doors include North Carolina’s Asheville Mall, Hamilton Place in Tennessee and Daytona Beach’s Volusia Mall. A full list can be found here.
Previously, more than 55 stores, including Costco, H&M, TJ Maxx, Home Depot, IKEA, Office Depot and OfficeMax – many housed in CBL Properties – revealed they’ll also be shut for Thanksgiving, according to BestBlackFriday.com. This is its longest list of Turkey Day closures so early in October since the site began surveying shops in 2013.
BestBlackFriday.com reached out to almost 100 retailers directly to confirm whether workers would be given the November holiday off on the day before Black Friday, the notorious shopping event when stores open before dawn to slash the prices of many big ticket items ahead of the December holidays.
But Black Friday has been creeping into Thanksgiving for several years now as stores such as Macy’s, Best Buy and Walmart open at 5 or 6 p.m. on Thursday to get ahead of the Black Friday doorbusters at their competitors.
Many customers aren’t buying it, however. More than half (57.53%) dislike Thanksgiving openings, according to BestBlackFriday.com’s 2017 survey. Only 16.22% actually favor retailers opening on the holiday, and the rest are indifferent.
And many retailers hear what they’re saying. “We talked to almost 100 stores, and the ones that are closing all gave us the same reason: They want to give their employees and their customers time to spend Thanksgiving with their families, instead of working or shopping,” Phil Dengler, co-owner of BestBlackFriday.com, told Moneyish.
These 55 stores (and counting) will be closed on Thanksgiving https://t.co/koZhYuVR6B
— Moneyish (@Moneyish) October 3, 2017
Plus, online retailers like Amazon are making the mad dash to brick and mortar stores obsolete now that you can shop sales from your computer or mobile device without leaving the table.
BestBlackFriday.com’s 2017 spending forecast expects online shopping to be higher than ever this Black Friday – ringing in $3.52 billion in online-only sales, up 5.39% from 2016. And Thanksgiving online-only sales are expected to be a cool $2.05 billion, up 6.22% from last year.
But major retailers like Walmart, Macy’s, JCPenney, Best Buy, Kmart, Kohl’s, Target and Sears are expected to be open on Thanksgiving, because Amazon. “They cannot afford to close right now and lose that extra Thanksgiving spending,” said Dengler. After all, Americans plan to spend an average of $743 holiday shopping during the Black Friday to Cyber Monday weekend, RetailMeNot reports, up 47% from last year’s average of $505. In fact, they expect Black Friday deals to begin well in advance of Thanksgiving next month, and to extend beyond Cyber Monday for at least two full weeks of deals.
“Despite more doorbusters available online on Black Friday, people still feel the need to go out,” said Dengler. “It comes down to tradition; many loyal shoppers view Black Friday as a family experience for the past 10, 20 or 30 years where the day after Thanksgiving, they wake up early, go out to breakfast, shop, go to the movies, stuff like that.”
Here is the official list of stores closed on Thanksgiving Day 2017, per BestBlackFriday.com.
Academy Sports + Outdoors
BJ’s Wholesale Club
Blain’s Farm and Fleet
Cost Plus World Market
Crate and Barrel
DSW – Designer Shoe Warehouse
Half Price Books
JOANN Fabric and Craft Stores
Jos. A. Bank
La-Z-Boy (all corporately owned stores)
Music & Arts
Office Depot and OfficeMax
Outdoor Research (closed Black Friday too)
P.C. Richard & Son
Pier 1 Imports
Raymour & Flanigan Furniture
Sierra Trading Post
Sprint (Corporate & Dealer Owned Stores; Mall Kiosks May Open)
Sur La Table
The Container Store
The Original Mattress Factory
This story was originally published on Oct. 3, 2017, and has been updated to include CBL Properties.
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