Struggling electronics chain RadioShack on Monday added its name to the growing list of retailers that will be open on Thanksgiving Day.
For the first time, the company will open the majority of its stores at 8 a.m. Thursday, and they will remain open until midnight. Last year, most of its doors were closed on Thanksgiving.
The company joins the likes of Toys R Us and J.C. Penney, which will open at 5 p.m. on Thanksgiving, while Sears, Kohl's, Macy's, Belk and Staples will open at 6 p.m.
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"Given the customer demand for store hours on Thanksgiving last year, we made the decision to open on Thanksgiving," RadioShack spokeswoman Andrea McCauley said. "It gives us the opportunity to stay competitive."
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The upcoming holiday season is critical for RadioShack, which in the most recent quarter posted a net loss of $137.4 million. It ended the same quarter with total liquidity of $182.5 million.
Last month the retailer said it had entered into an agreement to restructure a portion of its debt.
For more on retailers' Thanksgiving and Black Friday hours, click here.
