REI's CEO says that the company's decision to close on Black Friday helped the retailer survive the retail apocalypse

📆 08/10/2018 06:45 م
📰 BusinessInsider

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REI is closing on Black Friday for the fourth year in a row. The company's CEO, Jerry Stritzke, says that closing on Black Friday has helped REI survive the retail apocalypse, as he has 'watched more than 200 retailers go out of business' over the last four years.

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'If you're open on Thanksgiving, it's hard not to pitch yourself as a greedy bastard': REI's CEO reveals why closing on Black Friday is a smart business moveREI will close all stores on Black Friday, a definitive departure from retailers like Walmart and Target that kick off Black Friday sales on Thanksgiving Day. It is really sad that one day out of the year yeah, our country cannot take a break to be with their friends and their family. 3) When is the last time your landlord or mortgage, insurance, utility, ISP and landline/cell phone company said you do not have to pay your bills on US holidays? Never. 'Greedy bastard' is a bit strong IMO. However, others should respect that 1) Every person does not engage in celebrating US holidays, 2) Some people desire to work on US holidays and...
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