Presidents Day in the U.S. is observed on the third Monday of February, dedicated to honoring both President George Washington and President Abraham Lincoln.
Over time, this federal holiday has evolved into a commercial affair, with numerous retailers enticing shoppers with sales, particularly aimed at post-Christmas spending.
This transformation occurred after Presidents Day was permanently moved to the third Monday of February in the early 1970s, creating a consistent three-day weekend. Historian C. L. Arbelbide highlighted in the National Archives’ Prologue magazine in 2004 that this shift greatly boosted sales campaigns. Arbelbide remarked, “For advertisers, the Monday holiday change was the golden opportunity for promotions,” likening the marketing strategies to those seen during Labor Day weekends.
As Presidents Day approaches on February 19 this year, it’s essential to be aware of what establishments are open and closed.
What is Presidents day?
Presidents Day, formally known as Washington’s Birthday, was established to honor George Washington’s birth on February 22, 1732. Over time, it has informally become known as Presidents Day. Some advocate for honoring President Lincoln due to his proximity in birthdate, February 12. While a few states, such as Illinois, observe Lincoln’s birthday as a public holiday, the federal level officially recognizes the day as Washington’s Birthday.
Is Presidents Day a federal holiday?
Yes, Presidents Day is one of 12 federal holidays celebrated in the United States.
Are stores open on Presidents Day?
Typically, yes.
Retailers have turned the holiday into a major commercial event, enticing shoppers with sales both in-store and online. Presidents Day is renowned for discounts on mattresses, furniture, and other home goods, with retailers like Amazon and Nike also offering sales.
Is Costco open on Presidents Day?
Costco closes its doors for seven major holidays, such as Thanksgiving and Christmas.
However, the warehouse retailer remains open on Presidents Day, as this February 19 holiday falls outside the seven holidays that Costco observes.
Does the U.S. Postal Service deliver mail on Presidents Day?
Due to Presidents Day being a federal holiday, the U.S. Postal Service will not be delivering mail on February 19. Additionally, its retail locations will be closed, meaning stamp purchases and other transactions will not be available.
Is the stock market open on Presidents Day?
According to the Securities Industry and Financial Markets Association, the U.S. stock market is closed on Presidents Day.
Meanwhile, markets in other countries, including those in Europe and China, remain open on this day.
Are banks open on Presidents Day?
As per the Federal Reserve, February 19 is recognized as a holiday for the federal banking system. Consequently, the majority of major U.S. banks will shutter their retail branches on Monday. However, ATMs and online banking services will remain accessible during this time.
