S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Jobs

Holiday Hiring Season Begins (KSS, M, JCP, TGT, BBY, FDX, UPS)

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
In 2010, U.S. firms hired an estimated 627,000 temporary workers to help meet demand for customer service, package handling and warehousing. Of that total, about 495,000 were hired in retail stores. Last year’s total from retailers came in at around 500,000 temporary jobs. And while it is still early to be forecasting the number of jobs that will be available this year, the numbers have begun to come in.

Kohl’s Corp. (NYSE: KSS) announced this morning that it plans to hire 52,700 seasonal workers this year, an increase of 10% over the number it hired last year. Last year we noted seasonal hiring totals at other retailers:

  • Macy’s Inc. (NYSE: M) – 78,000 temporary jobs
  • Target Corp. (NYSE: TGT) – 92,000 temporary jobs
  • J.C. Penney Co. Inc. (NYSE: JCP) – 35,000 temporary jobs
  • Best Buy Co. Inc. (NYSE: BBY) – 15,000 temporary jobs
  • Toys “R” Us – 40,000 temporary jobs

Package delivery services FedEx Corp. (NYSE: FDX) and United Parcel Service (NYSE: UPS) added 20,000 and 55,000 jobs, respectively, to deal with the 2011 seasonal crush.

The most recent forecast for holiday season sales for this year indicate a sales rise of 2.8% to 3%, compared with a 3.7% actual gain for the 2011 holiday season. Retailers also are expected to add more seasonal workers than last year, but the increase could be small.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

UPS, FedEx Search for an Edge (UPS, FDX, TGT, KSS, WMT, AMZN, EBAY, GOOG)

Package delivery giant United Parcel Service Inc. (NYSE: UPS) said yesterday that it plans to hire 55,000 seasonal workers to…

Douglas A. McIntyre |

Seasonal Retail Jobs Likely Softer (TGT, M, KSS, JCP, BBY, SHLD, TJX, XRT)

U.S. retailers hired more than 627,000 seasonal workers during the October-December 2010 holiday season, a welcome boost from the mere…

Douglas A. McIntyre |

Six Companies Hiring Big for the Holidays

Despite the many economic headwinds still facing the U.S., much of the retail industry is anticipating a sharply improved holiday…

Paul Ausick |

FedEx Adds to Seasonal Hiring Boost (FDX, BBY, JCP)

FedEx Corp. (NYSE: FDX) expects to handle more than 260 million packages during the coming holiday season. That’s a 12%…

Sam Stebbins |

Retailers Hiring the Most for the Holidays

monkeybusinessimages / ThinkstockThe holiday season is the period from late November until early January. The season is a boon for…

Target, UPS Set Seasonal Hiring Plans
Paul Ausick |

Target, UPS Set Seasonal Hiring Plans

U.S. retailers have begun announcing expected seasonal hiring totals for the coming holiday season.

Retailers Hiring the Most for the Holidays
Sam Stebbins |

Retailers Hiring the Most for the Holidays

[cnxvideo id=”655384″ placement=”ros”]Major retailers and shipping companies are expected to hire some 738,800 temporary workers to meet increased demand during…

Retailers Completing Hiring for the Holidays
John Harrington |

Retailers Completing Hiring for the Holidays

There is a chill in the air, and even though Halloween is several weeks away, Americans are starting to think…

Paul Ausick |

Holiday Hiring Plans Announced

ThinkstockMajor U.S. retailers are announcing their hiring plans for the coming holiday shopping season, and the first two announcements have…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820