5. Sears Holdings (NASDAQ: SHLD)
> 2015 retail sales: $22.1 billion
> U.S. locations: 941 (Kmart) 731 (Sears)
> Headquarters: Hoffman Estates, Illinois
Sears Holdings, the parent company of both Sears and Kmart department stores, announced both chains will open on Thanksgiving. This year, just as last year, Sears and Kmart will open their doors to Black Friday deal seekers on the eve of the iconic American shopping day. Sears will open at 6 p.m, and Kmart at 7 p.m. on Thanksgiving Day.
4. Macy’s (NYSE: M)
> 2015 retail sales: $27.0 billion
> U.S. locations: 870
> Headquarters: Cincinnati, Ohio
This year, Macy’s department stores across the country will open at 5 p.m. on Thanksgiving Day, an hour earlier than last year. The company is counting on especially strong sales volume, as sales dropped 5.2% in the first three quarters of 2016 compared to the same period last year. Partly in anticipation of the influx of shoppers on Thanksgiving and Black Friday, Macy’s is hiring an additional 83,000 seasonal workers this holiday season.
For many Americans, the Macy’s brand is inextricably linked to the Thanksgiving holiday. This year will mark the retailer’s 90th Thanksgiving Day parade. The nationally televised event snakes for about 2.5 miles through Manhattan and is expected to draw an audience of more than 50 million nationwide.
3. Best Buy (NYSE: BBY)
> 2015 retail sales: $35.1 billion
> U.S. locations: 1,415
> Headquarters: Richfield, Minnesota
Historically, Best Buy has earned about a third of its total annual revenue during its fiscal fourth quarter, which includes the holiday shopping season. In an effort to capitalize on the holiday shopping rush, Best Buy will open its doors to shoppers on Thanksgiving Day at 5 p.m. local time. The vast majority of Best Buy locations will participate, remaining open until 1 a.m. on Black Friday. They will reopen again that same day at 8 a.m. The electronics retail giant has already announced Thanksgiving Day deals on televisions, video games, computers, and kitchen appliances.