Walmart, Target, Toys R Us Will Stay Open Longer for Last Minute Shoppers
Bloomberg is reporting that major retailers including Walmart, Target, Toys R Us will be keeping stores open longer for last minute holiday shoppers. Analysts see this as a bad sign for retailers.
Many stores typically stay open later during the holiday season. This year, as consumer spending still lags behind the economic recovery, it’s happening with increasing frequency, said Jack Hendler, president of merger-and-acquisition advising firm Net Worth Solutions Inc. in New York.
“The indication from this is that retail sales for the holiday period are not nearly as good as people wished or anticipated or planned for,” Hendler said today in a telephone interview.
Here are some highlights of the stores being kept open longer than usual.
Walmart will keep most of its 803 discount stores and Sam's Club stores open until 8 p.m. on Christmas Eve. Bloomberg says this is two hours later than in 2008. There are also 2,746 Walmart supercenters open 24 hours a day.
Toys R Us will keep 260 of its 586 stores open until 1 a.m. December 19th through December 23rd. This is an hour later than in 2008.
Most Target locations will stay open until midnight, which is an hour later than in 2008.
Bloomberg is 
