For the first time, a large percentage of national retailers
will actually open their doors ON Thanksgiving.
Kmart is opening at 6 AM on Thanksgiving morning and will be
open all day long. Others, like Best Buy, are opening at 6 PM. And
still others, like Macy's and Kohl's, while trying to respect the
Thanksgiving tradition, are opening at 8 PM.
Costco and Nordstrom are among the few big names that will NOT
open on Thanksgiving.
"Black Friday" deals have now been moved to Thanksgiving at many
stores. Retailers are also rolling out special deals throughout the
night and into Friday as a way to keep shoppers coming back into
the store after the initial open on Thanksgiving.
The "campers" are already appearing, those dedicated Black
Friday shoppers who set up their tents in line at stores like Best
Buy a week or more before the Black Friday sales. The change of
having retailers opening ON Thanksgiving actually helps the campers
because they will spend one less night out in their tents.
USAToday pointed out
, some of the campers don't even end up buying anything.
"Allooh and his two brothers - they're identical triplets -
and their friends were eager to be first in line, so Allooh set
up camp on Monday. Since then, shoppers have erected two more
Allooh is eyeing a 27-inch computer monitor and some gifts
for "someone who doesn't know what we are getting her." It's his
mom, Molly Sebring, who laughed talking about her son's urban
Still, he's not completely sure what, if anything, he wants
to buy. "I have plenty of time to look at the flyer," he
For him, it's more of a social event than a shopping event.
Last year, he left right before the store opened and shopped
A lot is riding on Thanksgiving day sales especially with a
shortened holiday season this year. There is one less weekend
compared to a year ago.
Many retailers are facing negative PR by opening early on
Thanksgiving Day. Thousands of people have signed various petitions
saying they will boycott retailers which open on Thanksgiving.
Some retailers are also paying employees time and a half, with
some also providing free food and beverages to employees who are
working the Thanksgiving shift.
Will you be shopping ON Thanksgiving this year?
B: No way. No stores should be open.
C: No. I'm still keeping my Black Friday shopping tradition.
D: No but only because I buy everything online.
BEST BUY (BBY): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.