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

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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

 

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