Yahoo Finance Best Buy joins Walmart and Target in closing for Thanksgiving
The hottest trend for this coming holiday season isn’t the soon-to-be-debuted Apple iPhone 5G, it’s that most big box retail stores won’t be open on Thanksgiving Day to meet the inevitable strong demand.
Best Buy (BBY) said Tuesday evening it will not be opening on Thanksgiving, following several years of letting crowds in at 5 p.m. on the holiday.
“We can all agree that, so far, 2020 has turned out differently than what we might have expected. And now, the holiday season at Best Buy, including Thanksgiving Day, is going to look different, too. To meet our customers’ changing lives this holiday, we’re enhancing the way we fulfill orders, from offering more convenient pick-up options at our stores, to making sure BestBuy.com orders arrive at the right time. We’re also going to start offering some of the hottest deals of the season earlier than ever, to make it even easier for our customers to check off their gift lists. With these changes, we’ve also decided to close our stores on Thanksgiving Day. As always, customers will still be able to shop on BestBuy.com and via the Best Buy app,” Best Buy said in a new blog post.
Target says it will close on Thanksgiving Day. Walmart detailed this last week, too. @YahooFinance
— Brian Sozzi (@BrianSozzi) July 27, 2020
The post added, “Although this holiday season may certainly look different, we’re ready to once again be there for our customers how, when and where they need us, during the most exciting time of the year.”
The electronics retailer joins a growing list of big box stores giving retail workers — who have been taxed all year because of new COVID-19 related tasks —the holiday off. Walmart revealed last week it would close on Thanksgiving Day. On Monday, discounter Target announced the same plan of attack.
Brian Sozzi is an editor-at-large and co-anchor of The First Trade at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
