Listen Now: Walmart’s New Tradition: The Big Changes Coming Soon
The holiday season is right around the corner, and Walmart is starting a new tradition.
This year, Walmart and Sam’s Club will be closing their doors on Thanksgiving, after years of remaining open on Turkey Day to lure early Black Friday shoppers. The company’s President and CEO says he recognizes this has been a hard time for employees, many of whom are considered essential workers, and he wants them to enjoy the day with family and friends.
In addition to the holiday off, the company will also give bonuses between one hundred and fifty and three hundred dollars over the next few weeks. This is the third round of bonuses to employees since the pandemic began.
According to Cnet, the company has spent just over a billion dollars on giving employees a little extra. And while employees will enjoy spending Thanksgiving at home, the company might also be onto something.
Given the pandemic, Black Friday could see fewer shoppers. So, the company will offer most of its in-store deals online, where many people might be spending their time and money this year.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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