Thanksgiving Day is on Thursday, Nov. 28, and major businesses in Michigan will have different hours of operations.

Shares are mostly lower in Asia after worries about the U.S. economy pulled Wall Street lower.

An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.

Kohl’s slashed its sales and profit expectations for the year as the department store chain stepped up discounts to get rid of unwanted merchandise like clothing and home goods.

An empty parking outside a closed Kohl's store is shown in Indianapolis, Thursday, April 2, 2020. Kohls is fighting back against an investor groups efforts to take control of the department store chain's board, arguing that it would derail its progress and momentum. (AP Photo/Michael Conroy, file)NEW YORK – Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain's board, arguing that it would derail its progress and momentum. The response, issued Monday, comes after the investor group said it had nominated nine members for Kohl's board of directors as it looks to boost the company's stock and its financial performance. The investor group is made up of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital.

MyPillow CEO Mike Lindell said retailers including Bed Bath & Beyond and Kohl’s are removing his company’s products from their stores, according to a report from CNBC. Lindell has repeated false claims that President Donald Trump did not lose the election, according to the report. “I just got off the phone with Bed Bath & Beyond,” Lindell said during an interview Monday evening with the Right Side Broadcasting Network, according to CNBC. “They’re scared. Like a Bed Bath & Beyond, they’re scared.

Amazon kicked off two days of Prime Day deals and a slew of retailers are following suit with major discounts. READ: Amazon Prime Day starts today: Here are some of the best discountsThe days of waiting until Black Friday are over. Walmart, Target, Best Buy, Kohl’s and other retailers have said they will remain closed on Thanksgiving due to the pandemic and the growth of online shopping. Amazon Prime day started Tuesday morning and continues into Wednesday. There are stores offering big online deals to compete including Target, Walmart, Best Buy, Kohls and Hom Depot.