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Presidents Day

Presidents Day (or Presidents' Day), is the common name for the federal holiday officially designated as Washington's Birthday, and both variants are among the official names of a number of coinciding state holidays. It is celebrated on the third Monday of February.
Today, the February holiday has become well-known for being a day in which many stores hold sales. Until the late 1980s, corporate businesses were universally closed on this day, the way they are on (for example) Memorial Day or Christmas Day. With the late 1980s advertising push to rename the holiday, more and more businesses are staying open on the holiday each year, and, as on Veterans Day and Columbus Day, most delivery services outside of the Post Office now offer regular service on the day as well. Some public transit systems have also gone to regular schedules on the day. Various theories exist for this, one accepted reason being to make up for the growing trend of corporations to close in observance of the Birthday of Martin Luther King, Jr. However, when reviewing the Uniform Monday Holiday Bill debate of 1968 in the Congressional Record, one notes that supporters of the Bill were intent on moving federal holidays to Mondays to promote business. Over time, as with many federal holidays, few Americans actually celebrate Presidents Day, and it is mainly known as a day off from work or school, although most non-governmental workers do not get the day off.
Because Presidents Day is not the official name of the federal holiday, there is variation in how it is rendered. Both Presidents Day and Presidents' Day are today common, and both are considered correct by dictionaries and usage manuals. Presidents' Day was once the predominant style, and it is still favored by the majority of significant authorities -- notably, The Chicago Manual of Style. In recent years, as the use of attributive nouns (nouns acting as adjectives) has become more widespread, the popularity of Presidents Day has increased. This style is favored by the Associated Press Stylebook (followed by most newspapers and some magazines) and the Writer's Digest Grammar Desk Reference.
President's Day is a misspelling when used with the intention of celebrating more than one individual; however, as an alternate rendering of "Washington's birthday," or as denominating the commemoration of the presidency as a singular institution, it is a proper spelling. Indeed, this spelling was considered for use as the official federal designation by Robert McClory, a congressman from Illinois who was tasked with getting the 1968 federal holiday reorganization bill through the House Judiciary Committee. Nonetheless, while Washington's Birthday was originally established to honor George Washington, the term Presidents Day was informally coined in a deliberate attempt to use the holiday to honor multiple presidents, and is virtually always used that way today.