Black Friday is one of the biggest shopping days of the year for brick-and-mortar retailers. Historically, it has been the day of the year retailers began to turn a profit — go into the black — hence the name. To fully capitalize on this day, retailers offer an abundance of deals and specials, hoping to kick off the holiday shopping season with a good start.
For their part, shoppers also prepare for Black Friday sales, knowing which stores offer which deals and getting ready for the frenzy of competing with other shoppers for limited quantity offers. Each business does Black Friday a bit differently. Over the years, retailers have begun their Black Friday sales earlier, with many opening their doors on Thanksgiving.
24/7 Wall St. reviewed the sites and advertisements of many of America’s largest retailers as well as the site Blackfriday.com to determine retail stores’ opening hours. All times are Eastern Standard unless otherwise noted. It should be noted that times are guidelines for the brands nationwide, and that these hours may vary for local stores.
It can be easy to get swept up in the excitement of big savings on Black Friday, but if you are shopping on a tight budget, it is important to remember to factor in sales tax when deciding what to buy. Of the 50 states, 45 levy a tax on purchased goods that, when combined with local sales taxes, adds up to somewhere between 4.4% and 9.5%. These are the states with the lowest, and highest, sales tax.
For some retailers, this Black Friday will be crucial to their survival. With online retailers like Amazon taking more and more of the market share, brick-and-mortar stores are struggling to compete — with both the price and convenience of online shopping. Many once-thriving businesses are shuttering dozens of stores nationwide to try to survive the onslaught. These are the retailers closing the most stores.