Macy's to open at midnight Thanksgiving Day

Macy's will cut 7,000 jobs, or 4 percent of its work force, and slash dividends. (AP)

October 31, 2011 8:08:58 AM PDT
Macy's Inc. says it will open all of its namesake stores at midnight following Thanksgiving for the first time as the department store operator becomes the latest retailer to expand hours on the traditional kickoff to the holiday season.