America's largest mall company keeps malls closed on Thanksgiving - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

America's largest mall operator won't open its doors on Thanksgiving as the upcoming holiday shopping season looks to be unlike any before

"In these challenging times, we made the decision that we will not open on Thanksgiving Day, instead allowing our associates to spend the holiday with their loved ones," David Simon, chairman, CEO, and president of Simon, said in aSimon malls will be open on Black Friday, the day after Thanksgiving. The company operates more than 200 malls and shopping centers in the US.it would stay closed on Thanksgiving, ending a years-long tradition of kicking off Black Friday sales on the holiday.

This year's holiday season is set to begin earlier than ever thanks to the coronavirus pandemic. Many stores will beginas they seek to avoid shipping bottlenecks and crowds congregating in stores. Simon's decision to keep malls closed also comes at a time when it has begun to add a handful of bankrupt mall store brands to its portfolio. Together with Authentic Brands Group, it bought Lucky Brand for $140 million in July and

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thanks

Mercifully.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the real reasons behind Mike Corbat's early retirement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Balyasny's training program for hedge fund portfolio managers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »