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Best Buy Co. Inc. (NYSE: BBY) and Toys “R” Us Inc. are the two latest retailers to announce that they will open their doors on Thanksgiving. Other retailers like Target Corp. (NYSE: TGT) have expanded their “Black Friday” hours this year.
But does this tactic smack of desperation?
Money Morning‘s Chief Investment Strategist Keith Fitz-Gerald joined FOX Business’ “Varney & Co.” to discuss this latest retail sales strategy, and why stores are staying open longer.
See his take on whether retailers are “desperate” this holiday season:
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