Special Report

Retailers Hiring the Most Employees for the Holidays

7. Macy’s (NYSE: M)
> 2015 seasonal hires:
> 2014 seasonal hires: 86,000
> Total employees: 166,900
> U.S. stores: 901

Macy’s is in trouble. Citigroup’s research group recently warned in a report that Macy’s would have a “tough quarter.” The research department at Cowen & Co. recently downgraded the retailer’s shares because of the growing threat of competition from Amazon.com. Struggling to increase its sales, Macy’s recently said it would close 35 to 40 stores. Wall Street was upset about the revenue drop in the last reported quarter from $6.3 billion in the year ago quarter to $6.1 billion in the most recent quarter. Macy’s also offered poor guidance for the rest of the year.

6. GameStop  (NYSE: GME)
> 2015 seasonal hires:
> 2014 seasonal hires: 25,000
> Total employees: 18,000
> U.S. stores: 4,434

GameStop is the only other specialty retailer on this list along with Toys ‘R’ Us. The release of several very popular video games, led by “Call of Duty: Modern Warfare 3” this month, is expected to help GameStop boost its holiday sales. Recently, some of GameStop’s Black Friday ads leaked. According to the ads, GameStop will be offering very aggressive prices, including $299 Playstation 4 and Xbox One bundles. Wall Street likes GameStop’s strategy. Its shares currently trade near the very top of their 52-week range. In the most recently reported quarter, revenue rose 1.8% to $1.8 billion, and net income rose 34.6% to $33.1 million.

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5. Toys “R” Us
> 2015 seasonal hires:
> 2014 seasonal hires: 45,000
> Total employees: 66,000
> U.S. stores: 863

Toys “R” Us will keep long holiday hours this year, part of an industry wide effort to get a jump on Black Friday shoppers. Toys “R” Us needs the help. The toy store chain continues to be in the midst of a restructuring, looking for ways to cut costs — it has had trouble increasing its market share in this highly competitive retail segment. Toy departments are staples of all of the big box and department store retailers. Amazon.com, too, has a toys section with a massive selection and special holiday discounts. In its most recently reported quarter, Toy “R” Us reported that revenue fell to $2.3 billion, a decline of $147 million from the same period a year ago. The retailer lost $99 million during its most recent fiscal quarter.

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