As millennials and older generations gear up to save this holiday season, the decade's long tradition of the Black Friday and Thanksgiving evening sales rush has dwindled for 2016. While the Thanksgiving week sales are still newsworthy, the extravaganza had fewer participants. Some retailers even completely jumped off the pre-Black Friday bandwagon and opted to allow their employees to celebrate the Thanksgiving holiday at home instead.
Mall Of America And Major Nationwide Store Closures
Perhaps one of the most significant pieces of related news is Mall of America's announcement made by management this past fall that it would not mandate retailers remain open on Thanksgiving Day.
USA Today recently highlighted this
According to a recent
How Significant Are The Closures, Profit-Wise?
But just how much profit are retailers missing out on by not opening their doors on Thanksgiving? According to the
On a related note, it appears as though fewer consumers spend their Thanksgiving shopping pre-Black Friday sales. According to Nashville-based ABC affiliate
And for consumers who miss out on pre-Black Friday sales and Black Friday sales, there's always Cyber Monday, which is held on the Monday following Thanksgiving. According to a
It seems as though the good old times of mingling with family and friends on Thanksgiving are making a comeback. If what was projected proves true, those planning to shop pre-Back Friday sales had comparatively less competition Thursday.
Whether you plan on taking advantage of the week's deals or opt for a more financially conservative take this year, remember: Invest in yourself by investing in your financial future. Shop smart, talk to your financial advisor and stay savvy.
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