Janesville Mall to close on Thanksgiving Day

13 October, 2017, 21:02 | Author: Wade Massey
  • CoolSprings Galleria Mall Franklin TN

The only businesses allowed to open on mall property are those with separate entrances, such as major anchor stores like JCPenney and Macy's.

The mall owner will close all of its regional shopping centers on Thanksgiving Day.

Wednesday, CBL Properties announced most of their shopping centers and malls will be closed on Thanksgiving Day.

However, last year, the trend began to move in the opposite direction.

Business Insider reported that 3 million fewer people shopped in stores on Thanksgiving weekend 2016 compared to 2015. So did Office Depot, as did now defunct HHGregg.

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This week, the company who owns the mall, CBI Properties, said that doors will be closed and locked for the holiday.

CBL Properties CEO Stephen Lebovitz said this year's decision is the result of positive feedback from last year's decision to not open until early on Black Friday.

The mall will open back up at 6 a.m. on Black Friday.

"The support that we received previous year when we made this decision was overwhelmingly positive", said Lebovitz.

As Thanksgiving gets closer, a list of store closures will be released from Broadway at the Beach. Black Friday is consider a day when retailers hypothetically turn from being in the red, or unprofitable, to being profitable, in the black.

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