The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
CHICAGO, United States — Target said on Thursday that it plans to hire about 120,000 seasonal workers for the holidays, up 20 percent on last year, as the retailer gears up for the busiest time of the year.
Target, which employs about 350,000 people in 1,839 stores across the United States, said it would also offer extra hours to existing workers.
Retailers' holiday hiring plans often reflect their sales expectations for the most competitive shopping season of the year, which begins a day after Thanksgiving and continues into early January. For many stores, holiday shopping accounts for nearly a third of annual sales.
Macy's Inc said on Wednesday it would hire 80,000 temporary workers for the holiday season, in line with last year's initial hiring, and assign more hands to cater to online orders.
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Minneapolis-based Target, which began raising hourly wages to $12 from $11 earlier this year, said all workers hired after Sept. 16 would receive a minimum of $12 an hour.
Last year, the company vowed to pay $15 an hour by the end of 2020, the so-called "living wage" for which labor advocates across the United States are campaigning.
Target also said it was investing more than $2 million in an employee rewards program during the holiday season.
By Richa Naidu; editor: Chizu Nomiyama
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.