NEW YORK (CBS NEWS) – It looks like some families will be spending more time with each other this Thanksgiving. That’s because some mall operators and retailers that had opened their doors on Thanksgiving Day in recent years are reversing that trend. It’s not just because they want to let employees enjoy the holiday with friends and family but also because the costs of opening on the holiday were bigger than the benefits.
CBL & Associates Properties, one of the country’s largest owners of malls, The Mall of America, electronics chains HH Gregg and Office Depot are among those having a change of heart this year.
Thanksgiving sales are still controversial with some consumers. At least two dozen other chains are keeping their doors shut on the holiday, including Home Depot, Burlington Stores and TJ Maxx, according to the deals website The Black Friday.com. Some chains such as Costco have never opened on Thanksgiving, the warehouse retailer said.
Black Friday, the day after Thanksgiving and long the considered the traditional start of the holiday shopping season, has lost its luster in recent years, thanks to the surging popularity of shopping online and stores opening their doors on Thanksgiving Day, retail analysts have said.
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