John Furner, the president and CEO of Walmart U,S., in a release said on Tuesday, that it plans to close stores on Thanksgiving Day. The move ends the retailer’s tradition of starting its in-store Black Friday sales on Thanksgiving Day. The closure will also extend to the Walmart-owned warehouse retailer Sam’s Club.
Furner also said, “We know this has been a trying year, and our associates have stepped up. We hope they will enjoy a special Thanksgiving Day at home with their loved ones.”
The company also said in addition to the time off it will also give bonuses of between $150 and $300 to employees in August. This is the third round of bonuses for its employees since the start of the coronavirus pandemic totaling $1.1 billion.
Walmart and Sam’s Club store will operate with normal hours on Wednesday, Nov. 25, the company said. More information about the store hours for Friday, Nov. 27 will be announced later. It is possible the company could still offer early Black Friday deals on its website.
What are your thoughts about Walmart ending a Black Friday tradition that spans decades?