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The murder of George Floyd
Tim Nelson

Target, Best Buy, U.S. Bank make Juneteenth a company holiday

People in a parade perform.
Parade members perform during the 2019 Juneteenth Day Festival in Milwaukee. More businesses are recognizing Juneteenth as a company holiday.
Dylan Buell | Getty Images for VIBE 2019

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Best Buy is joining Target and U.S. Bank with plans to observe Juneteenth, the June 19 celebration commemorating the end of slavery in the United States, as a company holiday.

The Richfield-based electronics and appliance retailer says it is taking a two-step approach to the holiday. It starts this year with a paid volunteer day that can be taken Friday or any other day this year. Starting in 2021, Juneteenth will be a paid company holiday.

Best Buy says it is phasing in the holiday since the change comes just a few days before the holiday.

Target and U.S. Bank made similar moves this week toward company holidays.

U.S. Bank says it is closing its branches and offices at 1 p.m. on Friday. The bank said it would be a paid half-day holiday for employees.

Target said that Friday would be a holiday, with holiday pay for employees, although stores will remain open. Company headquarters will close.

Both companies have also announced multimillion-dollar initiatives to close racial disparities.

Nike and Twitter have also announced similar plans.

Best Buy also says it is shortening store, in-home work and office hours on Nov. 3 for Election Day, either by opening later or closing early. The company says it wants to give every employee the opportunity to vote in person if they choose.