9 Stores Closed on Thanksgiving

Print Email

Source: Wikimedia Commons

9. PetSmart
> 2015 retail sales: $6.3 billion
> U.S. locations: 1,475
> Headquarters: Phoenix, Arizona

The retail industry is heavily dependent on holiday sales, and many major retailers now open on Thanksgiving in order to maximize sales during the season. However, just as it did last year, PetSmart will remain closed on Thanksgiving Day. A spokesperson for the pet store chain confirmed with 24/7 Wall St. that the company will open at 7 a.m. on Black Friday, two hours earlier than normal.

Office Depot
Source: Wikimedia Commons

8. Office Depot (NASDAQ: ODP)
> 2015 retail sales: $7.2 billion
> U.S. locations: 1,564
> Headquarters: Boca Raton, Florida

Following the 2013 merger of Office Depot and OfficeMax, the combined company continues to operate under these two distinct brands. This year, Office Depot and OfficeMax locations alike will be closed on Thanksgiving Day. The company explained its decision was in order to allow both employees and customers time to spend with their family.

Office Depot is not as overly dependent on holiday sales as many other retailers. The company also relies on back-to-business sales in the first quarter, as well as back-to-school sales in the third quarter.

7. Staples (NASDAQ: SPLS)
> 2015 retail sales: $7.6 billion
> U.S. locations: 1,302
> Headquarters: Framingham, Massachusetts

Like competitor Office Depot, Staples is also staying closed on Thanksgiving Day this year. While many stores offering Thanksgiving shopping hours depend heavily on high holiday sales volume, Staples is slightly different. In addition to holiday sales, the office supply company profits substantially the back-to-school shopping season and corporate procurement schedules.

Deal seekers can still visit the company’s website on Thanksgiving, and most Staples locations will open their doors at 6 a.m on Black Friday.