The management team at Gallatin Valley Mall was excited to see Mall of America's headline this morning stating that it will close on Thanksgiving Day to allow for employees to spend more time with family. We look to larger malls, like Mall of America, as leaders in our industry, but the truth is, Gallatin Valley Mall has been the leader concerning this exact point of interest for the past four years.
It has always been our priority to allow for our retailers, both national and local, to determine what works best for their employees, their families, and their customers concerning Thanksgiving shopping hours. Retailers are simply asked to be open a few hours early the day after Thanksgiving but are not required to be open on Thanksgiving day.
At this time, we are awaiting word from our mall anchor stores and national tenants about their holiday hours but they have not announced their plans to us yet. As we always have, we will accommodate their decisions about Thanksgiving Day opening. We trust that they are doing what is best for their businesses, employees and customers.
The retail industry is predicting a nice 3.6% growth in holiday sales for 2016. That would mark an acceleration over last year's 3 percent increase, and would easily top the 10-year average of 2.5 percent growth. We are looking forward to another magical shopping season at Gallatin Valley Mall.
Merry (almost) Christmas,
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