Macy’s needs to hire 7,000 more employees to keep pace with holiday-shopping traffic [MarketWatch]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MarketWatch
Macy’s needs to hire 7,000 more employees to keep pace with holiday-shopping traffic Department-store operator Macy’s Inc. surprised investors Friday with news that it plans to hire an additional 7,000 seasonal employees for its Macy’s stores, following a “great start” to the holiday season. Macy’s M, +1.64% had previously said it would hire 80,000 seasonal workers, down from 83,000 a year ago. The company has struggled in recent years with competition from online competitors, notably Amazon.com Inc. AMZN, -1.22% , and is currently in the middle of a turnaround scheme that has included job cuts, store closures and other measures. Macy’s most recent quarterly results were hurt by hurricane-related sales issues, while unseasonably warm weather dented demand for winter clothes and boots. On Black Friday, there was more pain when credit-card problems interrupted sales on one of the year’s busiest shopping days. “Due to the strong traffic in our stores, we are adding associates in o
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website