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Best Buy, Target will offer early holiday sales, close on Thanksgiving

Nicole Norfleet, Star Tribune on

Published in Business News

As supply chain worries have consumers shopping earlier for the holidays, retailers including Best Buy are planning early sales like last year.

Many retail analysts are predicting that popular items might sell out by next month because of supply chain bottlenecks that have national retailers like Target chartering their own cargo ships and finding other creative solutions.

"We've been navigating this for almost 20 months," said Best Buy CEO Corie Barry, who was on the "Today" show on Thursday morning to talk about the shipping crisis causing retailers to start prepping for the holidays early. "Consumer electronics was one of the first categories to really pop. … And so our teams have really been working hard with our vendor partners through this whole time to bring in product. What that means is we have been planning way ahead of time for the holiday."

As it hinted not too subtlety for customers to "start your shopping now,"Best Buy announced this week that its first holiday promotions will begin next week. The electronics retailer also said the traditional larger Black Friday sale will begin Nov. 19 instead of the day after Thanksgiving.

Kohl's said Friday it also will start its holiday sales next week.

Best Buy, Target and Walmart will be closed on Thanksgiving, as sales and Black Friday weekend plans are designed partly to minimize crowds during the coronavirus pandemic.

 

The big retailers will spread the holiday sales over the next few months, which is in line with last year's early rollout of sales by many national retailers. Last week, Target's Deal Days kicked off the early holiday season with sales on headphones, TVs, clothes and more.

The Minneapolis-based retailer also announced this week one of its holiday promotions available beginning early December: a limited-edition design partnership with Lego Group that features brightly colored clothing, home goods products and more.

While early shopping isn't uncommon, this year hitting the stores or online markets sooner rather than later is more crucial due to global supply chain issues that have caused delays in sending goods and raised concerns about keeping shelves stocked.

Target is one of several major retailers that have begun to move their shipping containers off cargo ships at night to try to help alleviate congestion at the country's busiest ports in Los Angeles and Long Beach, Calif.

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