This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Retailers make 20% to 40% of their revenue between Thanksgiving and the New Year. That’s why a handful of popular U.S. retailers have announced plans to open their doors on Thanksgiving Day, instead of waiting a few hours until Black Friday.
Kohl’s Corp. (NYSE: KSS), Best Buy Co. Inc. (NYSE: BBY), and Old Navy all plan to open on the holiday. Macy’s Inc. (NYSE: M) plans to be open on Thanksgiving for the first time in the store’s 155-year history.
Some market analysts say this is a good move, for public relations, sales, and investors.
But should retailers really open on Thanksgiving?
Money Morning Chief Investment Strategist Keith Fitz-Gerald isn’t a fan of the extended shopping hours.
Watch his debate – from Monday’s Fox News Live – with FOX Business Network‘s Melissa Francis, and see why Fitz-Gerald calls the retailers’ move “disturbing.”
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