Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Target to close on Thanksgiving, offer holiday deals in October

Published 07/27/2020, 01:00 PM
Updated 07/27/2020, 01:50 PM
© Reuters. Shopping carts are seen at a Target store in Azusa

NEW YORK (Reuters) - Target Corp (N:TGT) will shutter stores across the United States on Thanksgiving this year to ensure public health during the coronavirus pandemic, the retailer said on Monday.

Rival Walmart Inc (N:WMT) on Tuesday also announced it would close stores on the Thanksgiving holiday so as to grant staff members a day off to spend with their families and operate as safely as possible.

"This year more than ever, a joyful holiday will be inseparable from a safe one, and we're continuing to adjust our plans to deliver ease, value and the joy of the season in a way that only Target can," Target Chief Executive Brian Cornell said in a statement.

The Minneapolis, Minnesota-based retailer will also start holiday deals in October to avoid crowds and make 20,000 more products including fresh and frozen groceries available via its pickup and delivery services, which have gained popularity during the global pandemic, it said, as more shoppers opt to stay home.

Target operates roughly 1,871 stores nationwide, according to the company's website.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.