Black Friday is crowding out Thanksgiving holiday

BlackFriday_chart-01

Black Friday is an economic arms race that benefits nobody—neither retailers nor shoppers.  Now, as the chart above shows, it is crowding out the traditional American Thanksgiving holiday.

Historically the big retail chain stores have opened earlier and earlier the day after Thanksgiving so as to gain a competitive advantage over their rivals.   Christmas shoppers stand in line before the store opening to gain a competitive advantage in finding bargains.  I don’t in the least criticize people with tight budgets for doing this.

Retailers, shoppers and store employees would all be better off if there was a law, or a legal means of reaching a mutual agreement, for retail chains to close early on Thanksgiving and open no earlier than 8 a.m. the day after.   Meanwhile those of us Americans who can afford to do so can vote with our dollars for companies such as Costco, Nordstrom, TJ Maxx and BJ’s Wholesale Club that allow their employees to enjoy a Thanksgiving holiday, even if they give up some sales dollars to do so.

LINKS

Why Are Big Retailers Trying to Kill Thanksgiving? by Josh Harkinson for Mother Jones.

These Retailers Say No to Thanksgiving Day Madness by Ben Fox Rubin and Anna Prior for the Wall Street Journal.

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