Closed for Thanksgiving
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…
Last year…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.
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.
An expansion of store openings this year was reportedly lobbied by retail Marketing Directors who argued “the company was missing out on substantial holiday sales,” according to a posting by IFOAppleStore.
“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,” the site noted.
While some attempts were being made to account for the extra holiday hours by providing workers alternative time off, Cook acted to cancel the plans “over the objections of Market Directors,” and keep those stores closed over Thanksgiving so that employees could spend the holidays with their families.
Apple joins other retailers, including Costco and Nordstrom, who have preferred to give employees the holiday off rather than seeking to cash in on early crowds.
Attaboy, Tim. Between folks like Tim Cook and Jonny Ive, the whole Apple management team demonstrates time and again they are the class of the high tech industry.
The complete process I follow to make decisions about spending my few hard-earned bucks devolves to value and quality. An important part of that process is the long-term outlook and attitude of a firm’s politics and sociology. Worth taking the time to read and research, my friends.
I’ve worked in a couple of industries/trades that hardly ever took holidays off. The money didn’t compensate for the loss of time spent with family and friends.