Headlines

Target to Make Thanksgiving Closure Permanent

What started as a temporary measure is “now our new standard,” CEO says.

Published

3 years ago

November 24, 2021

INSTORE Staff

Target to Make Thanksgiving Closure Permanent

Target announced in January that it would close on Thanksgiving 2021 – and closing on Turkey Day will remain company policy going forward, CEO Brian Cornell says.

“What started as a temporary measure driven by the pandemic is now our new standard – one that recognizes our ability to deliver on our guests’ holiday wishes both within and well beyond store hours,” he wrote in a memo to Target staff. “You don’t have to wonder whether this is the last Thanksgiving you’ll spend with family and friends for a while, because Thanksgiving store hours are one thing we won’t ‘get back to’ when the pandemic finally subsides.”

Target is coming off an impressive 3Q earnings report, with the retailer notching a 13 percent jump in sales and a 47.5 percent surge in net income. Per CNBC, Cornell said Target is “protecting prices” and absorbing some of the higher costs it’s seeing as consumers face sticker shock with food, gas and more on the rise.

Four Decades of Excellence: How Wilkerson Transformed a Jeweler's Retirement into Celebration

After 45 years serving the Milwaukee community, Treiber & Straub Jewelers owner Michael Straub faced a significant life transition. At 75, the veteran jeweler made a personal decision many business owners understand: "I think it's time. I want to enjoy my wife with my grandchildren for the next 10, 15 years." Wilkerson's expertise transformed this major business transition into an extraordinary success. Their comprehensive approach to managing the going-out-of-business sale created unprecedented customer response—with lines forming outside the store and limits on how many shoppers could enter at once due to fire safety regulations. The results exceeded all expectations. "Wilkerson did a phenomenal job," Straub enthuses. "They were there for you through the whole thing, helped you with promoting it, helping you on day-to-day business. I can't speak enough for how well they did." The partnership didn't just facilitate a business closing; it created a celebratory finale to decades of service while allowing Straub to confidently step into his well-earned retirement.