Walmart, Sears to Open Stores on Thanksgiving

The next thing you know all retailers will be open on Christmas day to squeeze the last dime out of holiday shoppers. It's hard to blame them. The 2008 and 2009 holiday sales period were bruising for most stores and chains. This year may be better, but only slightly so. A number of public companies in the sector have been forced to cut staff and have shown losses since the recession began. Some, like Circuit City, didn't make it through the recession gauntlet at all.

Walmart (WMT) will try to pick up its holiday sales by remaining opened on Thanksgiving. Sears (SHLD) will match that. The sanctity of Thanksgiving may be violated, but Walwart and Sears will have a head start on their rivals.

Reuters reports that Sears will be open Thanksgiving from 7 a.m. until noon except in areas where laws don't allow it. Walmarts will be open most of the day. Many other retailers will open early on Black Friday, some of them well before dawn.

If the moves smacks of desperation, that's because it is. Same-store sales have fallen at most chains since the recession began. Some of that ground has been reclaimed this year, but not nearly enough to get back to 2007 levels. Industry groups expect sales to rise between 2% and 3% for the 2010 holiday season, but it won't take much in the way of recession fears and continued unemployment to chip away at the number.

Retailers are apparently will to do anything to avoid getting a lump of coal in their stockings again this year.

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Kevin

If your agrument is people should be home with their families on hoildays shouldn't that include police, firefighters, nurses, doctors, 911 operators and EMS? Or how about all the people who bring you all the wonderfull football? Or maybe all the people involved with bringing you the Thanksgiving Parade? We are in the worst economy since the great depression and the retailers are trying to generate money to keep their employees working. The customers can simply vote with their checkbooks. The workers can vote by showing up or not. But I will tell you this, if I knew there was stack of resumes on my bosses desk of people who want my job I don't think I would complain about working holidays! GIVE GREED A CHANCE!

November 24 2011 at 11:14 AM Report abuse rate up rate down Reply
Pathfindr369

It seems unAmerican to be open for business on Thanksgiving. It kind of makes ya' think bad thoughts about the people who take their workers away from their families on the one BIG family holiday of the year. I am reluctant to give my money to any entity that seems so soul-less. God bless all who keep the spirit of Thanksgiving.

November 20 2010 at 10:48 AM Report abuse +1 rate up rate down Reply
dad85

The sad side of capitalism,got to make more!A four letter word that is equal in value to money,time to rest.

November 20 2010 at 8:24 AM Report abuse rate up rate down Reply
Hi Sandra

Well, I for one, won't be shopping that day. I think those poor employees deserve to be home with their families for Thanksgiving. People, if you shop that day, it will be opening doors for all businesses to open on any holiday, and pretty soon, they will be like Sundays have become. A day like any other, nothing special. I am forced to work on Sunday because of some idiot's law, even though the Bible says that it is to be a day of rest! Now, people won't even be home on a holiday! All because you shoppers and all patronize these places any day they are open! Don't go! I certainly think you can go one day without spending money you don't have anyway!

November 20 2010 at 8:06 AM Report abuse rate up rate down Reply
svrdhd

Lie: Wal-Mart being open on Thanksgiving is something new, or different than their competitors. Lie: Wal-Mart doesn't pay overtime. Lie: Most fulltime workers don't get 40 hrs/week. True: People who express outrage over something everyone already knows are idiots.

November 19 2010 at 9:13 PM Report abuse rate up rate down Reply
campwmr

What a disgrace!

November 19 2010 at 10:46 AM Report abuse +1 rate up rate down Reply
msdaubie54

I believe most Wal-marts are open on Thanksgiving day anyway. My local Wal-mart is open 24/7 and only closes early on Thanksgiving (midnight or maybe a little later) to get ready for "Black Friday". And the only day that store is closed is Christmas day.

November 19 2010 at 5:49 AM Report abuse rate up rate down Reply
RPJACKMAN

GREED FACTOR IS NOW WELL ENTRENCHED. Most of these employees are part time and scratching for bare necessity income. They have no choice if told to work. Making a profit and being in the black went out the window years ago. If you're in the black this year but didn't make more than last year some how that's now seen as failing. The corporate executives and HQ employees will be home on Thanksgiving and they won't even bother to give thanks for income produced by employees made to give up family life just so they can reap the benefits and bonuses.

November 19 2010 at 2:45 AM Report abuse rate up rate down Reply
cwhoswho2

Don't these stores realize that the more holidays they continue to open up absurbly early or or worse, open the holidays themselves the less the holiday will matter. So where do they think this helps. Who do they think these employees are that open stores? They are the family people that would be celebrating holidays. If they're out working now what kind of holiday is it? Aside from a poor economy they encourage internet sales so why are they shocked to see less shoppers. Wake up people. Let's keep the holidays as a HOLIDAY!!!!

November 19 2010 at 1:45 AM Report abuse rate up rate down Reply
jwoonsmcu

They can open all day and night but I will not shop on any holidays. This is the time to spend with families and friends.

November 19 2010 at 12:19 AM Report abuse +3 rate up rate down Reply