Target and Walmart May Have Just Killed Black Friday as We Know It

An anonymous reader shares a report: Following Walmart’s decision last week to shutter its doors on Thanksgiving Day over COVID-19 concerns, fellow big-box behemoth, Target, has announced that it will also be skipping this year’s orgiastic capitalist pre-game for the good of consumers and workers. Well, that’s the official position at least. “Historically, deal hunting and holiday shopping can mean crowded events, and this isn’t a year for crowds,” Target execs said in an official statement. It marks the first time since 2011 that the megastore will not be open on Thanksgiving — a trend long criticized by labor activists for, you know, forcing underpaid retail workers to go into work and stare down deal-hungry shoppers instead of spending time with their own families. It’s important to note that these statements from Walmart, Target, and what many predict will be an increasing number of other retailers, are only announcing a moratorium on Thanksgiving pre-Black Friday sales events, and not a cancellation of actual Black Friday plans, which appear to still be going on as planned. In-store Thanksgiving sales first gained in popularity years back when online sales began to eat away at physical stores’ holiday season profit margins. Turkey Day events consistently ranked outside the 10 busiest days of the year for most businesses while simultaneously lowering profits from Black Friday itself. So, if you can believe it, it appears this wave of decisions isn’t exactly coming from the good of shareholders’ hearts.