|
Holiday hiring typically ramps up next month. Target's hiring strategy follows an announcement by Kohl's Corp., which said Thursday that it plans to hire about 53,000 seasonal workers for the holiday season. That's slightly more than last year, according to Kristen Cunningham, a Kohl's spokeswoman. Coming off a slower-than-expected back-to-school season, analysts and stores are bracing for a tough holiday shopping period, which accounts for as much as 40 percent of stores' annual revenues. That's because while jobs are easier to get and the housing recovery is gaining momentum, the improvements have not been strong enough to sustain higher levels of spending for most shoppers. In fact, many stores such as Target lowered their expectations for the rest of the year, citing a tougher-than-expected spending environment.
[Associated
Press;
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.