Companies remaining open on Thanksgiving
In addition to hosting the iconic Macy’s Thanksgiving Day Parade, Macy’s doorbuster sales will be available to customers starting at 6 p.m. on Thanksgiving, two hours earlier than last year. At the end of its last fiscal year, Macy’s employed 172,500 full- and part-time employees. During the holidays, that number substantially. This year alone, Macy’s plans to hire 86,000 seasonal employees. The company posted net sales of $27.9 billion last year, among the higher retail sales figures nationwide. Macy’s sales have also been on an upward trajectory for several years. Including Bloomingdale’s, Macy’s operates 840 department stores across the nation.
Walmart, run by America’s wealthiest family, is the world’s single largest public employer.
Walmart’s U.S. workforce of roughly 1.4 million dwarfs that of every other American business, and a large number of U.S. Walmart employees will be at work this Thanksgiving Day. The company has not disclosed when it will kick off its Black Friday event this year, but opened at 6 p.m. last year. While kicking off the holiday shopping season a day early is a relatively recent phenomenon, Walmart has been open on Thanksgiving for the past 25 years. The mega-store’s parent company reported revenues of $476.3 billion last year, the largest of any retailer worldwide
3. Sears Holdings
Sears Holdings, the parent of Kmart and Sears, employed roughly 226,000 U.S. workers as of last year. Many of these employees will be asked to spend the Thanksgiving holiday at work this year. Doors will open at 6 p.m. on Thursday, and the doorbuster sale will continue through the night until closing time on Friday. Like several other stores opening their doors on Thanksgiving, the company’s early Black Friday sales will be critical to its annual performance. However, unlike many competitors, Sears Holdings’ long term future may be very much in flux. The company has consistently been losing money, with declining sales contributing to three consecutive fiscal years of operating losses.
Office supply store Staples will be open this Thanksgiving from 6 p.m. to 10 p.m. Like several other companies, Staples will begin offering Holiday shopping deals online up to two weeks before Black Friday. Staples reported $8.9 billion in U.S. sales last year, down 6.1% from the previous year, but still among the 50 largest American retailers by sales. The company’s effort to stand out as a holiday destination comes in the wake of yet another possible data breach in the retail industry. Staples recently began an investigation to determine whether its customers’ personal information had been stolen.
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