Special Report

Retailers Hiring the Most for the Holidays

fedex-airplane
Source: Wikimedia Commons

6. FedEx (NYSE: FDX)
> 2016 seasonal hires: 50,000
> 2015 seasonal hires: 55,000
> Total employees: 400,000
> U.S. stores: 136

While the vast majority of companies hiring tens of thousands of seasonal workers are retailers, FedEx is a service provider. Historically, there has been a significant uptick in the company’s U.S. express package business in November and December. The package delivery company will hire an additional 50,000 workers in the coming months to compensate for increased demand over the holidays.

The company’s U.S. operations do not represent the entirety of its business. FedEx has operations in more than 220 countries, and a considerable share of its $50.4 billion in revenue in fiscal 2016 came from international business.

5. Kohl’s (NYSE: KSS)
> 2016 seasonal hires: 69,000
> 2015 seasonal hires: 69,000
> Total employees: 140,000
> U.S. stores: 1,164

Kohl’s is one of the largest retailers in the country, with close to 1,200 stores in almost every state. The company is also one of the largest employers of seasonal works. About 30% of the company’s annual sales occur in November and December. Kohl’s will hire 69,000 temporary employees this year to account for the influx in shoppers. According a company press release, this year there will be an average of roughly 50 additional seasonal employees per store and several thousand more at distribution centers.

The number of seasonal employees the company is hiring this year is in line with the hiring during the holidays last year, but several thousand fewer than during 2014. The decrease is likely attributable to the shift in consumer preference from brick-and-mortar stores to online shopping. In an effort to adjust, the company opened a digital center in Silicon Valley in 2013.

4. Target (NYSE: TGT)
> 2016 seasonal hires: 77,500
> 2015 seasonal hires: 70,000
> Total employees: 341,000
> U.S. stores: 1,792

Target is preparing for the holiday shopping season by hiring 77,500 seasonal associates. Compared to the previous two years, Target is hiring 7,500 more workers. This year’s high number of seasonal hires indicates that the retail giant is optimistic about this holiday season’s sales volume.

If history is a reliable indicator, Target has good reason to anticipate higher sales volume this year. The company’s reported a net income of $3.3 billion in fiscal 2015 after reporting a net loss of $1.6 billion. As is often the case with retailers, Target’s quarterly sales tend to be higher during the fourth quarter, which includes the holiday shopping season. Last year, the company reported $21.6 billion in sales in the fourth quarter, compared to less than $18 billion in the previous three quarters of 2015.