December 7, 2021
Target tames global supply backups; sales surge 13.2% in Q3

Target will keep stores closed on Thanksgiving for good

To restrict crowds in stores, retailers final yr had been compelled to show what had change into a weekend procuring blitz into an prolonged occasion, with vacation gross sales starting as early as October.

That compelled shift, nonetheless, seems to have been embraced by buyers who might get the identical provides over a broader timespan, relieving a number of the stresses that go hand in hand with the vacations.

U.S. vacation gross sales final November and December rose 8.2% in 2020 from the earlier yr, in keeping with The Nationwide Retail Federation, the nation’s largest retail commerce group. The commerce group predicts 2021 might shatter that document, rising between 8.5% and 10.5%.

“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,” Target CEO Brian Cornell wrote in a word to workers.

The brand new commonplace at Target, on prime very wholesome gross sales final yr, might push different retailers to comply with in its path.

Target distribution and name facilities will have some employees on Thanksgiving Day, Target stated Monday, however stores will stay closed.

Target started opening its stores on Thanksgiving a decade in the past, becoming a member of different retailers in kicking off Black Friday gross sales a day early and creating a vacation rush after the turkey feast. Many did so to compete with Amazon.com and different rising on-line threats.

However the shift appeared to merely eat up gross sales on Black Friday. And massive retailers additionally suffered some blowback, accused of forcing hundreds of individuals to work on a household vacation.

Some stores and malls just like the Mall of America in Minnesota, ended the apply and remained closed on Thanksgiving. Some, like Costco and Nordstrom, by no means opened their doorways in the course of the vacation, saying they wished to respect the vacation.

Thanksgiving had traditionally not been a giant gross sales day general, not one of many prime 10, as a result of stores often opened their doorways round 5 p.m. Nevertheless, it has been a giant on-line gross sales day. Final yr, the vacation trailed solely Cyber Monday and Black Friday in on-line gross sales, in keeping with the Adobe Digital Financial system Index.

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