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Manhattan Retail Insurance: Let the Holiday Sales Begin

Manhattan Retail Insurance: Let the Holiday Sales Begin Manhattan Retail Insurance Let the Holiday Sales Begin

The holiday season is rapidly approaching and you may have already heard the faint tinkle of Jingle-Bells in the air. For many retailers, the holiday shopping season is an exciting yet somewhat stressful time, especially with competition for sales and patrons increasing each year. While the “official” start of the holiday shopping season has traditionally been marked by “Black Friday”, the Friday following Thanksgiving, in recent years some of America’s largest retailers have begun opening their doors and slashing their prices in hopes of enticing shoppers to venture out earlier and earlier on Thanksgiving Day.

The trend has been met with a mixture of enthusiasm and scorn from critics and consumers, and this year some retail giants are drawing a line in the sand against Thanksgiving Day shopping. According to a myriad of reports, some of America’s top retailers are bucking expectations and refusing to open on Thanksgiving Day, or evening. The list includes warehouse powerhouses like Coscto, BJ’s, and Sam’s Club, along with home improvement brands Home Depot and Lowe’s and specialty shops like DSW, GameStop and PetCo. Even some department stores and discount chains such as Nordstroms, Marshall’s and T.J.Max are forgoing Thanksgiving Day sales, despite heavy competition and pressure from their competitors.

Many retailers that are choosing to forgo the Turkey Day shopping trend are using the opportunity to show their dedication to their employees and reaffirm their corporate ethos. In this case, pushing-back against the trend has been met with increasing amounts of support. In turn, the retailers have seen public enthusiasm and an overall increase in public perception. That’s not to say that those retailers who are choosing to open their doors on Thanksgiving Day are seeing any negative repercussions. In fact, many operations anticipate record-level profits and sales in the forty-eight hour retail-a-thon hours between the 27th and 28th of November.

Is your Manhattan retail operation looking to host Black Friday deals and holiday sales in person or online this season? If so, there are a few extra risk exposures your operation may face pertaining to losses from property damage, theft, and even cyber liability issues.

At A.J. Benet, we specialize in helping New York retailers protect themselves from risks and losses. Our Manhattan retail insurance specialists will meet with you personally to review your current insurance coverage, tour your facilities and listen to your concerns. We base our insurance recommendations on your specific needs and will provide you with information you might not have thought of, based on our long experience in the field. Our retail insurance programs are just one of the many specialty programs we offer, all of which include comprehensive and fully customizable business insurance solutions. To learn more about Manhattan retail insurance programs and our operation, give us a call today at (888) 639-4560.

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