Walmart Stores Will Close On Thanksgiving Day This Year
Updated: Jul 23
CNN Business | July 21, 2020
Walmart will close its stores on Thanksgiving Day for the first time in more than 30 years, the world's largest retailer said Tuesday.
The move comes at a time when retailers are rethinking their plans for the holiday shopping season as coronavirus cases rise, prompting concerns over crowds in stores. Walmart has kept its stores open on the holiday since the late 1980s. Meanwhile, Walmart's Sam's Club chain, historically, has closed on that day, as it will again this year.
"We know this has been a trying year, and our associates have stepped up. We hope they will enjoy a special Thanksgiving Day at home with their loved ones," John Furner, CEO of Walmart U.S., said in a statement.
Furner also said Walmart (WMT) will spend about $428 million in total on special bonuses for its full-time and part-time employees for working through the pandemic.