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retail sales declined by 7.5% in 2012 from the prior year to nearly $31 billion, and the retailer must try everything to boost sales this year.

The company may be growing desperate for a winning holiday strategy after years of poor financial results. on Thanksgiving morning and remain open for 41 hours, until 11 p.m. At its Kmart stores, the shopping season will get an even earlier start. The stores will remain open until 10 p.m. Sears Holdings will open its Sears stores at 8 p.m. Best Buy also said that it would lead up to Thanksgiving with special offers for rewards card members in the days before the holiday. While traffic at the stores may have remained the same, many customers simply used the stores to test products before buying them at or other e-commerce sites, a phenomenon called 'showrooming.' This year the company is embracing its showroom reputation and hopes to boost sales by bringing in additional foot traffic. In recent years, the consumer electronics retailer has been has lost sales to online retailers.

sales totaled $34.4 billion in 2012, an increase of just 1.1% from the prior year. In 2012, Target's 1,778 stores had revenues of nearly $72 billion, more than 5% more than the prior year.īest Buy announced last week that more than 1,000 stores will be open all night on Thanksgiving, starting at 6 p.m., and close on Friday at 10 p.m.

The online promotion will last two weeks. This year, the chain also plans to offer Thanksgiving deals to online shoppers and lead up to the Thanksgiving opening hour with a special online-only promotion of 15 daily discounts. According to Placed, a location analytics firm, Target failed to match the performance of other top retailers on this critical shopping day. However, Target had limited success on Black Friday last year. The stores will remain open all night and close on Black Friday at 11 p.m. on Thanksgiving, an hour earlier than last year. Walmart also pushed up the start of its online annual holiday deals by one month, to early November. But with Thanksgiving falling on November 28, later than in most years, and consumer budgets expected to be tight, the retail giant moved its opening hours earlier in an attempt to capture sales. Overall, Walmart's sales were greater than the seven other retailers on this list combined. Wal-Mart Stores posted more than $328 billion in retail sales at its more than 4,500 U.S. Thanksgiving day opening: Specials begin at 6:00 p.m. Here is our rundown of opening hours at eight top retailers for the Thanksgiving-Black Friday weekend These figures certainly make it harder to argue that more Thanksgiving hours provide any boost in overall holiday sales. Holiday retail sales a year ago were up about 3.5% from the year before, despite the longer shopping hours.

This reduced sales on Black Friday, and overall holiday spending had its smallest increase since 2009. Last year, many companies began selling on Thanksgiving for the first time. Instead of increasing sales, they could just be pushing the spike in sales forward. It is possible that the earlier opening hours will not have the desired effect.

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In fact, in an effort to combat a shopping season that is nearly a full week shorter than last year. Over the past few years, a kind of arms race has developed among retailers, and stores have opened their doors earlier and earlier each Friday. And in order to facilitate the shopping experience, retailers are pulling out all the stops.īlack Friday, the day after Thanksgiving, has traditionally represented the start of the holiday shopping period. Holiday shoppers are expected to spend about 3.9% more this year than they did last year, according to a National Retail Federation estimate.