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Target to open at 9 p.m. on Thanksgiving

4 a.m. to noon on Black Friday, customers also can earn Target gift cards

More Information

  • Be prepared, and you can do Black Friday week right
  • Penney’s stock continues slide

    J.C. Penney Co. stock fell nearly 13 percent on Monday – the biggest percentage decline among big companies in the S&P 500 for the day. Penney closed at $17.97, its lowest price since the middle of the recession in March 2009.

    The drop follows Standard & Poor’s Ratings move to lower Penney’s credit rating deeper into junk status on Friday – the same day Penney reported it lost 56 cents per share ($123 million) in the quarter ended Oct. 27. Revenue dropped 26.6 percent to $2.93 billion in the quarter. Analysts had expected a loss of 15 cents a share on revenue of $3.27 billion. AP



NEW YORK Target Corp. will open its doors at 9 p.m. on Thanksgiving, three hours earlier than a year ago, to kick off the holiday shopping season.

The discounter joins several other major retailers, including Wal-Mart, that are opening earlier in the evening on the holiday and staggering deals over the two-day period. Over the years, stores have been expanding their hours on Black Friday to get ahead of the competition, but the kickoff is increasingly happening right after shoppers finish their turkey feast.

“We thought long and hard about when the right opening time would be,” said Kathee Tesija, Target’s executive vice president of merchandising, and 9 p.m. struck “a perfect balance” for its customers.

Target plans to offer deals that include an Apex 32-inch LCD TV for $147 and a Nikon digital camera for $99.99 for the earlier opening. From 4 a.m. to noon the next day, customers who spend $50 or more on clothing, accessories or home products will earn a $10 Target gift card to use toward a future purchase. Target is also preparing additional early-morning specials, including Leapfrog Explorer software for $15.

Wal-Mart said last week it will begin its holiday sale at 8 p.m. on Thanksgiving, two hours earlier than last year. It then will have two more rounds of sales events including a 10 p.m. sale on electronics and another sale at 5 a.m. the next day.

Sears Holdings Corp. said its Sears stores will open at 8 p.m. Thanksgiving Day and will stay open overnight until 10 p.m. Friday. Last year Sears stores were closed on Thanksgiving. The company’s Kmart stores have been open on Thanksgiving for years.

Kohl’s Corp. and Macy’s Inc. will again throw open their doors at midnight, following Thanksgiving. J.C. Penney said it will have its only sale of the year on Black Friday, but will open at 6 a.m.


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