Stores face worker shortage this holiday season [CNNMoney.com]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNNMoney.com
Problem for stores in a hot economy: Where do you find holiday workers?Retailers are making big hiring plans in anticipation of the holiday shopping rush.Gap (GPS)said on Monday that it was bringing on 65,000 seasonal workers.Target (TGT)announced plans for 120,000 workers last week, 20% more than last year, while Macy's said it was hiring 80,000, the same number as last year.Delivery and logistics companies are also looking for workers to help with shipping: UPS(UPS)said on Monday that it was hiring 100,000 full and part-time workers, up 5% from last year. FedEx(FDX)is hiring 55,000.With unemployment below 4%, wages rising at the fastest rate in almost a decade, and consumers optimistic about the economy, Americans are poised to splurge during the holidays."We're currently benefiting from a very strong consumer environment, perhaps the strongest I've seen in my career," Target chief executive Brian Cornell said last month.Retail sales will reach $720 billion this year, up 4% from l
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News
- Macy's Inc. Taps Abigail James as Chief DEI Officer [Yahoo! Finance]Yahoo! Finance
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- Westshore Plaza renovation gets green light from Tampa City Council [Yahoo! Finance]Yahoo! Finance
- Why are so many home retailers going private? [Yahoo! Finance]Yahoo! Finance
- Shop the best Mother's Day jewelry sales at Zales, Macy's, and Tory Burch [USA TODAY]USA TODAY
M
Earnings
- 2/27/24 - Beat
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Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website