A hiring signal is posted i entrance of a Target retailer on February 05, 2021 in San Rafael, California.
Justin Sullivan | Getty Images
Target introduced Thursday that it’ll hire 100,000 seasonal workers for the vacations and start providing markdowns the primary week of October.
The firm stated the brand new workers can be employed after present Target workers are given an opportunity to set their vacation shifts. Target employed the identical variety of workers for the 2021 procuring season, after hiring 130,000 the earlier 12 months. Starting wages vary between $15 and $24 an hour.
Walmart, in the meantime, stated this week that it plans to hire 40,000 workers for the vacations, far fewer than the 150,000 it added final 12 months.
After battling labor shortages final 12 months, retailers extra just lately have been pressured to supply steep markdowns to transfer extra stock. In its most up-to-date earnings report, Target noticed quarterly revenue fall nearly 90% because it slashed costs to appeal to patrons.
Target additionally stated Thursday that it’ll start its Target Deal Day promotions sooner than in previous years, with markdowns starting Oct. 6. Shoppers can also benefit from Target’s price-matching program from early October till Dec. 24.
Despite the early deals, Target and different retailers might not get an enormous increase this vacation season. Forecasts for vacation gross sales this 12 months have been modest, with some estimates predicting development of 1% to 3% from 2021 when stripping out the impact of inflation.