Target to hire 100,000 workers for holiday season, start promotions in October
Published September 19, 2023
Sept 19 (Reuters) - Target (TGT.N) said on Tuesday it would hire nearly 100,000 employees for the holiday season, like in the past two years, and start offering discounts for the festive period as early as October.
The plan comes against the backdrop of predictions that sales growth during the crucial holiday period in the United States could be half of what it was last year due to higher prices denting consumer spending and worries of a recession.
A Mastercard (MA.N) report on Tuesday showed U.S. retail sales could rise only by 3.7% for the period beginning November through Dec. 24, compared with the 7.6% growth seen in 2022.
Last week, a report from career consultancy firm Challenger, Gray & Christmas showed that weaker spending coupled with increased labor costs would result in U.S. retailers hiring the lowest number of seasonal workers this year since 2008.
Macy's said on Monday it would hire more than 38,000 full and part-time seasonal workers, fewer than the 41,000 workers it had announced to hire in 2022.