Dive Brief:
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In sharp contrast to Macy’s recent announcement that it will open earlier than ever on Thanksgiving Day, Costco has announced that it will remain closed on the holiday.
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The retailer said its employees work hard during the holidays and deserve the day off, a move that was commended on social media and by some commentators.
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Nordstrom and Gamestop have also announced this year that they’ll stay closed to honor the holiday.
Dive Insight:
Retail workers really do work extra hard during the holidays, and Costco lives up to its worker-friendly reputation with this announcement. The retailer may also have done the math: studies show that retailers gain little by being open on Thanksgiving, as Black Friday sales usually decrease by the amount sold on Thanksgiving Day.