By -NO AUTHOR-
(CNBC) CBL Properties will keep the doors of its retail properties closed on Thanksgiving Day for the second-straight year.
Pushing back against so-called Black Friday creep, Tennessee-based CBL said the closures will affect 62 of its malls and open-air shopping centers.
Last year, more than 70 CBL-owned locations were kept closed on the holiday, allowing employees to enjoy their turkey. Some of the REIT’s assets have since been sold off, which accounts for the discrepancy in the number of properties closed on a year-over-year basis.
“We had such overwhelming support from last year’s decision,” Chief Executive Stephen Lebovitz told CNBC. “We felt validated by that … it was the right thing to do.”
Source:: World Net Daily