For many families, shopping after the Thanksgiving feast has become a new tradition. That tradition, however, may be reverting to something more old-fashioned: Staying at home.
Recently, national mall operator CBL & Associates announced it will close all 72 of its malls across 30 states for the Thanksgiving holiday.
"We looked at it last year and we decided this year it was the right thing to do," CBL & Associates Properties President and CEO Stephen Lebovitz told CNBC's "On the Money" in an interview.
CBL had been opening at various hours during Thanksgiving evening since 2013, a practice replicated by a number of big retailers hoping to juice holiday sales figures. In recent years, hordes of Thanksgiving shoppers leaving their homes to take advantage of sales—often trampling and fighting with others along the way—has been a source of growing controversy.
"We have 1500 CBL employees, and almost 100,000 employees for our stores across our portfolio, and we think that they deserve Thanksgiving off." Lebovitz told CNBC. Workers have told him "how they appreciate getting the day off, how there are so few family days that are out there anymore and Thanksgiving really is special," he added.