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Should Retailers Open on Thanksgiving?

Retailers make 20% to 40% of their revenue between Thanksgiving and the New Year. That's why a handful of popular U.S. retailers have announced plans to open their doors on Thanksgiving Day, instead of waiting a few hours until Black Friday.

Kohl's Corp. (NYSE: KSS), Best Buy Co. Inc. (NYSE: BBY), and Old Navy all plan to open on the holiday. Macy's Inc. (NYSE: M) plans to be open on Thanksgiving for the first time in the store's 155-year history.

Some market analysts say this is a good move, for public relations, sales, and investors.

But should retailers really open on Thanksgiving?

Money Morning Chief Investment Strategist Keith Fitz-Gerald isn't a fan of the extended shopping hours.

Watch his debate – from Monday's Fox News Live – with FOX Business Network's Melissa Francis, and see why Fitz-Gerald calls the retailers' move "disturbing."


Today's top story: How to Prepare for the 17% "Supertax"

Join the conversation. Click here to jump to comments…

  1. Linda Alfredson | November 15, 2013

    What Melissa fails to understand is that no matter how much time you give people, they will shop for the same amount of items. They make lists and do impulse shopping no matter what. And if you shop online, it will close brick and mortar stores and thse people will be out of a job. Maybe it won't matter in the big city, but it does matter in small town America. If the stores close here, you cannot go out and buy those items that you need right away. Online takes time to deliver. So I will boycott any store that is open on Thanksgiving and try to buy most of my items from local small businesses.

  2. boogie | November 15, 2013

    goodbye black friday

  3. Michael | November 15, 2013

    I worked in retail for over 15 years. Even when the economy was in great shape every year they had us put out the christmas items earlier & earlier every year. Oh we worried about the economy. What a load of crap ! We should shop after christmas !

  4. steve | November 15, 2013

    Americans worship the almighty ______.
    Fill in the blank honestly by watching what they do, not what they say.

  5. r green | November 15, 2013

    every working person in this great country should be allowed to be with thier family on thanks giving. of coarse police, fire fighters, hospital workers,ect need to be on duty.retail people no way.wh en i grew up in n.y. you could not buy beer on sunday til 12 pm,if you were leaving early sunday you bought every thing ahead of time.why but retail employees in this position. corporate america dose not care about them or you. the bottom line is you can still be able to find that little toy for "johny" at a different sale day. don't patroniize these stores.

  6. Allan | November 15, 2013

    This is what people expect. Us who have worked in convenience stores and restaurants know that when a holiday is coming up we will be working. And if there is a hurricane, tornado or some other natural disaster people not only expect it but so many come in and are butt holes or whine to the people who are experiencing the same thing they are and need to take care of their own families and property just like them. People don't care…this is what they expect…as long as it's not them. This is the new way of the world…What I want and I want it NOW…tough luck to everyone else. But, just think, what would all of you do without us putting up with you and your mouth and being there selling you gas, food, water and being as nice as we can…no matter what you say or do?

  7. lenny | November 15, 2013

    Everybody deserves a holiday. Do you think the executive/marketing/office people for the companies who cooked this up are working Thanksgiving Day? No way. This is just another manifestation of a civilization on the decline. Watch the stampedes of greedy people on the news that night and tell me I'm wrong.

  8. Hacker | November 28, 2013

    if retailers "have" to be open on a holiday..well, their business model is flawed..

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