3. Best Buy
>Number of employees added: 15,000
>Total employees: 180,000
>Revenue: $50.2 billion
>Total Stores: 1,099
Best Buy (NYSE: BBY) has struggled in the past year, and this holiday season is not looking any brighter. Last month, according to Reuters, the retailer announced that it expects holiday sales of consumer electronics to be weak. The company plans to add just 15,000 part-time workers — far less than the 29,000 it hired last year. According to the Huffington Post, the company will also increase the hours of regular employees to make up for the missing hires.
Also Read: Gap To Close 200 Stores – Which Retailer Is Next
2. Kohl’s
>Number of employees added: 40,000
>Total employees: 29,000
>Revenue: $18.3 million
>Total Stores: 1,100
Kohl’s, one of the largest department stores in the country, announced in a press release last week it plans to add 40,000 seasonal employees this year. This number, which represents an increase of roughly 35 employees per store, is up approximately 5% from last season. According to The Wall Street Journal, “Kohl’s anticipates hiring roughly 2,500 seasonal positions at distribution centers and over 500 seasonal and full-time credit operations positions. Hiring for seasonal workers began this month, and most jobs will be filled by mid-November.”
1. Macy’s
>Number of employees added: 78,000
>Total employees: 166,000
>Revenue: $25 billion
>Total Stores: 810
Retail giant Macy’s reports that it plans on adding 78,000 seasonal employees, an increase of 4% from last year. As quoted in the New York Times, Macy’s chairman and CEO said in a statement last week, “We expect additional hiring this year given the continued sales growth in our business — both in-store and online.”
-Michael B. Sauter
