U.S. Retailers Open on Thanksgiving: Desperate, or Smart?

Best Buy Co. Inc. (NYSE: BBY) and Toys "R" Us Inc. are the two latest retailers to announce that they will open their doors on Thanksgiving. Other retailers like Target Corp. (NYSE: TGT) have expanded their "Black Friday" hours this year.

But does this tactic smack of desperation?

Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." to discuss this latest retail sales strategy, and why stores are staying open longer.

See his take on whether retailers are "desperate" this holiday season:


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