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Kohl’s, Target, Walmart Join Early Holiday Shopping Frenzy

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The annual retail arms race is invading Thanksgiving with a vengeance. Instead of a Norman Rockwell tableau of family gathered round the turkey, a more fitting image this year might be Americans rushing out to bag bargains.

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Nolan Jangaard and his 15-month-old daughter Alyssa enjoy some early Christmas music at South Coast Plaza. (Los Angeles Times, 2012)

On Monday, Wal-Mart, Target and Toys R Us said they would be open longer on Thanksgiving and trot out deals usually reserved for Black Friday, the traditional launch of Christmas-centric consumerism. Others, such as Macy’s and Best Buy, had waited until midnight but this year will welcome shoppers much earlier.

Three years ago, that sales strategy was limited to a few struggling chains. But now such Thanksgiving discounting may be the norm for retailers heading into a season that can account for as much as 40% of annual revenue.

It’s a sign of how far nervous merchants are willing to go to court tightwad consumers whose confidence has been dampened by a tepid economic and employment climate.

Click here to read the full story on LATimes.com.