New Retail Disease – Black Friday Creep

For decades, the Friday after Thanksgiving has been the traditional day many shoppers take to the stores and shop till they drop in preparation for the coming December holidays. That day became known as “Black Friday,” because it was the day that retailers would begin to see profits for the year putting them “in the black.”  The time between Black Friday and December 25th  is “make it or break it” time for most retail operations.

black-thursday-300x300However, over the last 10 years or so, there has been a growing trend of retailers looking to get a jump on things. More and more retail stores are now open for business on Thanksgiving Day.

The popularity of this practice is mixed. A study last month by retail site RichRelevance found more than 60 percent of Americans said they disliked that stores opened on Thanksgiving, and only 12 percent said they liked the trend. Yet, another survey by consulting firm Accenture found that 45 percent of Americans planned to shop on Turkey Day, up from 38 percent last year.

There is a movement building that opposes stores being open on Thanksgiving that has over 99,000 Facebook likes and counting. It is called “Boycott Black Thursday.” There’s some great information on their Facebook page that’s worth a look. You might even decide to like the page yourself.

There is a crew of retailers that has decided to stay closed on Thanksgiving. Many of them will be facing stiff penalties if they are located within a mall. Simon Malls (Mall of NH is a Simon Mall) is handing down a $1,100 per hour fine for stores that do not follow the mall’s direction to stay open on Thanksgiving. That would be enough to cripple a small business.

Here is a list of stores we know are closing on Thanksgiving. You might consider this when deciding where you would like to do business this holiday season:

American Girl, Barnes & Noble, Bed, Bath and Beyond, BJ’s Wholesale Club, Burlington Coat Factory, Christopher & Banks, Costco, Crate and Barrel, Dillard’s, DSW, GameStop, Hobby Lobby, HomeGoods, Home Depot, Jo Ann Fabrics, Lowe’s, Marshalls, Nordstrom, Patagonia, Petco, Pier 1, Publix, REI, Sam’s Club, Sur La Table, Talbots and T.J. Maxx.

If you know of others, please share them on our Facebook page.

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