How Walmart's Thanksgiving Schedule Changes The Holiday Shopping Season

Walmart Inc WMT announced this week that it would close all stores on Thanksgiving this year, ending a history of starting Black Friday deals on the holiday. 

Bentonville also announced an August bonus of between $150 and $300 for all employees. 

Monday also was the first day of Walmart's policy that requires shoppers who do not have a disability to wear face masks when shopping in their stores. 

Walmart's Thanksgiving Closure: Black Friday shopping has seen shifts in recent years. In 2019, retail shopping on Black Friday was down 6.2% but increased on Thanksgiving day by 2.3%, according to data compiled by ShopperTrak.

The decision to close on Thanksgiving also extends to Walmart-owned Sam’s Club.

"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,” CEO John Furner said in a statement. “We are certainly thankful to our people for all of their efforts.”

Walmart Bonuses In 2020: The retailer's August bonus is the third round of bonuses that Walmart has provided since March.

They've totaled more than $1.1 billion, according to the retailer.

Photo courtesy of Walmart. 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRetail SalesBlack FridayretailThanksgiving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!