Connect with us

Headlines

Target to Make Thanksgiving Closure Permanent

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

mm

Published

on

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.

Advertisement

SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular