Costco runs counter to Thanksgiving retail culture

While most cash-starved retail chains are throwing the doors open — and their employees families under the bus — on Thanksgiving — Costco has painted a line on the parking lot asphalt and will remain closed.

Costco vice president for membership and marketing told The Huffington Post the decision was no more complicated than the belief employees should have the opportunity to spend Thanksgiving with their families.

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And as we all know, real shoppers aren’t caged in by stereotypes, they simply go where the action — and good buys — are found. The Wall Street Journal reports demographics, income level, geography, and what goods are on sale all come into play when Amazon shoppers hit the keypad.

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Few things put financial pressure on the little guy like ponderous, inordinately slow transfer of funds. The American Banker reports major banks continue fighting efforts to improve the cash flow.

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A few facts and figures from the National Retail Federation’s Gift Card Spending Survey: More than 80 percent of shoppers will add gift cards to their baskets. Holiday shoppers will spend an average of $163.16 on gift cards, up 4 percent over the $156.86 they spent last year and the highest in 11-year history of the surey. A told spending on gift cards will hit $29.8 billion. Shoppers will spend an average $45.16 per card, up from $43.75 last year and another survey high. Shoppers older than 65 years old will spend the most on gift cards at an average of $175.96, followed by 35 to 44 year olds who will spend $171.15 on average. Men, looking for the easy way out, will spend nearly $20 more than women on gift cards to the tune of $171.35 vs. $155.42.

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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