STOCK TITAN

Simon Properties Closed Thanksgiving Day

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On November 10, 2022, Simon announced it will not open most of its domestic properties on Thanksgiving Day. The company plans to resume regular operations on Black Friday. More details regarding individual property hours will be available on their official website. Simon, known as a leader in real estate investment trusts, operates premier shopping and entertainment destinations across North America, Europe, and Asia, generating substantial annual sales.

Positive
  • Closure on Thanksgiving may strengthen employee morale and work-life balance.
  • Resuming operations on Black Friday aligns with consumer shopping trends.
Negative
  • Closure on a holiday could impact short-term revenue.
  • Potential customer disappointment due to closed properties on Thanksgiving.

INDIANAPOLIS, Nov. 10, 2022 /PRNewswire/ -- Simon announced today it will not open most domestic properties on Thanksgiving Day.

Simon properties will reopen on Black Friday. More information, including individual properties hours of operation, can be found by clicking here. 

About Simon

Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/simon-properties-closed-thanksgiving-day-301674239.html

SOURCE Simon

FAQ

Why is SPG closing its properties on Thanksgiving Day?

SPG is closing most domestic properties on Thanksgiving Day to enhance employee work-life balance.

When will SPG properties reopen?

SPG properties will reopen on Black Friday after the Thanksgiving closure.

What is the impact of SPG's Thanksgiving closure on sales?

The closure on Thanksgiving may lead to a short-term revenue impact, though they aim to drive sales on Black Friday.

Is SPG still operating in North America after the holiday closure?

Yes, SPG continues operations in North America, Europe, and Asia following the Thanksgiving closure.

Simon Property Group, Inc.

NYSE:SPG

SPG Rankings

SPG Latest News

SPG Stock Data

56.07B
323.20M
0.92%
91.46%
1.59%
REIT - Retail
Real Estate Investment Trusts
Link
United States of America
INDIANAPOLIS