Retailers Hiring the Most for the Holidays
3. Macy’s (NYSE: M)
> 2016 seasonal hires: 83,000
> 2015 seasonal hires: 85,000
> Total employees: 157,900
> U.S. stores: 870
Macy’s is hiring 83,000 seasonal workers to accommodate this year’s anticipated holiday season shopping rush. The number of seasonal workers the company is hiring is lower compared to each of the previous two years. More than 1,000 of this year’s hires will assist with the company’s Thanksgiving Day Parade.
Macy’s has struggled in recent years. The company reported a net income of $1 billion, down from $1.5 billion 2016. The company’s share price has also dropped by more than half from the middle of last year. Some analysts predict the 2016 holiday season may bring relief to the struggling department store as there are two more days between Thanksgiving and Christmas this year than there were in 2015.
2. UPS (NYSE: UPS)
> 2016 seasonal hires: 95,000
> 2015 seasonal hires: 90,000 to 95,000
> Total employees: 444,000 (globally)
> U.S. stores: 23,000 (globally)
As with every other company on this list, the holiday season drives a considerable share of UPS’s revenue. According to a company press release, the company forecasts a record holiday season, and expects to deliver 700 million packages.
As online retail continues to grow, shipping demand is also on the rise. The company’s earnings have grown for seven straight quarters, and annual revenue is up from $55.4 billion in 2013 to $58.4 billion in 2015. Increasing demand and revenue is inspiring confidence among investors. The company’s stock is up 55% from five years ago.
1. Amazon (NASDAQ: AMZN)
> 2016 seasonal hires: 120,000
> 2015 seasonal hires: 100,000
> Total employees: 230,800
> U.S. stores: 1
According to a survey conducted by consulting firm Deloitte, 47% of holiday shoppers plan to spend this year as much money online as they do in stores, continuing a trend that has been building momentum for years. Amazon, in particular, has been a driving force in the shift from brick-and-mortar retailers to online shopping. Amazon reported $107.0 billion in net sales in 2015, up from $89.0 billion in 2014 and $74.5 billion in 2013.
This year, Amazon will hire an additional 120,000 employees to meet the holiday demand, 20,000 more than in 2015 and once again more than any other company. In a press release announcing this year’s hires, the company noted that 14,000 of Amazon’s holiday workers last year were kept on in regular, full-time positions.