Thanksgiving shopping hours don't boost retail sales

As more and more retailers agree to open their doors on Thanksgiving to stay competitive, does it mean Walmart, Target, Macy's, Kohl's, Kmart and the like will garner more sales? According to Howard Feller, a partner at MMG Advisors, no, opening on Thanksgiving just shifts retail sales from Black Friday to Thursday. From 2012 to 2013, Black Friday sales decreased by $1.5 billion and Thanksgiving Day sales grew by $1.8 billion, according to ShopperTrak, nearly balancing out the weekend's overall total revenue. Story

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