Special Report

8 Stores Open on Thanksgiving

5. Kohl’s

This year, retailer Kohl’s will add its name to the growing list of companies opening their doors at 6 p.m. on Thanksgiving, two hours earlier than last year. As of February, Kohl’s employed roughly 137,000 Americans, most of which were part-time workers. Unlike employees of many other companies, none of Kohl’s employees are represented by collective bargaining agreements. At the end of its latest fiscal year, Kohls had 1,158 stores. The company reported U.S. sales of slightly more than $19 billion in 2013, down 1.3% from the year before. Opening its doors early Thanksgiving may be its attempt to boost sales.

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6. J.C. Penney

Last year, J.C. Penney opened at 8 p.m. on Thanksgiving. This year, the company will open its doors even earlier, at 5 p.m., it announced on Twitter. J.C. Penney has struggled with declining sales in recent years, as net sales fell from $17.3 billion in 2011 to $11.9 billion in 2013. During that time, comparable store sales fell 25% in 2012 from the year before and another 7.4% in 2013. The retailer has managed to improve its fortunes somewhat this year. In its most recent full quarter, the company reported strong sales and margins growth. However, not all recent news has been good, the company noted in October that is was lowering its sales growth estimates for the current quarter.

7. Toys R’ Us

Last year, Toys R’ Us controversially elected to open at 5 p.m. on Thanksgiving. This year, Toys R’ Us will again open at the same time. As a toy retailer, Toys R’ Us is especially reliant on the gift giving season. In the last three years, the fourth quarter of the company’s fiscal year, which includes the holiday season, has accounted for between 42% and 43% of company sales. In September, Toys R’ Us announced it would hire 45,000 seasonal employees to accommodate holiday shoppers. This addition more than doubles the size of Toys R’ Us’ U.S. workforce.

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8. Target

Last year, Target had a difficult holiday season due to a data breach reported just before Christmas. This year, Target again plans to hire more than 70,000 workers, just as it did last year. The retailer also plans to again begin its Black Friday sale at 6 p.m. on Thanksgiving, according to a company press release. Last year, the company opened its stores at 8 p.m. on Thanksgiving. In addition to opening early, Target is offering free shipping for all online orders placed through December 20. E-commerce has been a point of emphasis for the chain. In the second quarter of fiscal 2014, digital sales were up 30% from the same quarter the year before.

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