“Last week, over the objections of Retail Market Directors, Apple’s chief executive Tim Cook canceled plans to open several stores on Thanksgiving, citing the importance of allowing retail employees to be with their families over the holiday,” Daniel Eran Dilger reports for AppleInsider.
“The U.S. Thanksgiving holiday always falls on the fourth Thursday of November, and has traditionally held back holiday Christmas shopping until ‘Black Friday’ sales the next day,” Dilger reports. “A variety of retailers, including Kmart, Macys, Sears, Target Toys R Us and WalMart, have recently made plans to open on Thanksgiving in order to capitalize on holiday crowds.”
“Last year, only three Apple Stores heavily trafficked by tourists opened on Thanksgiving: locations on the Las Vegas Strip, Waikiki Beach in Hawaii and the company’s 24/7 Fifth Avenue store in New York City,” Dilger reports. “A series of other flagship Apple Retail stores were also planned to open on Thanksgiving this year, including select additional locations in San Francisco, New York City, Chicago, Los Angeles, Honolulu, Miami, San Diego and Portland.”
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“On Wednesday morning over the objections of the Market Directors, Apple CEO Tim Cook cancelled the plan to keep several stores open on Thanksgiving,” Gary Allen reports for IfoAppleStore.
“Cook’s specific objection was that it’s important for Apple retail employees to be with their families on the holiday,” Allen reports. “On the other hand, the Market Directors were reportedly motivated by large potential holiday-quarter bonuses based on performance targets, adding to their $400,000 salaries. The last calendar quarter at Apple retail is always the busiest and generates the most revenue, leading to the largest bonuses.”
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