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Persons: Holly Johnson, —, I've, Chase, I'm, that's Organizations: Business, Apple, Service, Chase, PayPal, Costco, Amex, Products, Capital Locations: Nike.com, Macy's, Chase, Lululemon

☆ A credit card Christmas: Taking on shopping debt carries more risk this holiday season
▼ + stars: | 2023-10-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

This holiday season, shoppers who ring up purchases on credit cards will pay more interest if they carry balances from month to month after the Federal Reserve's string of rate hikes. Already, investors and retailers have paid closer attention to credit card payments — and some have cited them as a concern. The company, which has its own branded credit cards, has seen lower revenues from those cards because of costs associated with bad debt and related write-offs. Mitchell said student debt, auto loans and mortgages have all become bigger burdens in a high interest rate environment. For retailer-issued cards, the average interest rate is nearly 30%, a record high, according to data from Bankrate.

Persons: Alexi Rosenfeld, Aditya Bhave, Bhave, Taylor Swift, Wall, Adrian Mitchell, Mitchell, Doug McMillon, Tim Quinlan, Wells, Quinlan Organizations: Getty, Shoppers, Bank of America, Consumers, Walmart, U.S . Federal Reserve Locations: New York City, Wells Fargo

☆ Holiday horror films, like ‘Gremlins’ and ‘Thanksgiving,’ turn jolly tropes on their heads
▼ + stars: | 2023-10-26 | by ( Scottie Andrew | ) edition.cnn.com time to read: +7 min

CNN —“Gremlins” turned a benign Christmas holiday into a snowy backdrop for cartoonish murders. Holiday horror films work for the same reason holiday tearjerkers do: There’s already an “emotional foundation” with holidays like Thanksgiving and Christmas, DuPée said. Holiday horror is especially taboo because so many of its tropes are sacred — innocent children in footie pajamas! “It can be exhausting to be constantly faced with scenes of happiness, togetherness and love,” said Alexandra West, an author of several books on horror films and co-host of the “Faculty of Horror” podcast. “Putting a horror spin on these holidays offers an antidote and, in some cases, a reprieve.”Olivia Hussey in "Black Christmas," 1974.

Persons: ”, “, Valentine ”, Eli Roth, Pilgrim finery, Nell Verlaque, ” George Mihalka, ” Mihalka, Matthew DuPée, DuPée, Krampus, Emjay Anthony, ” DuPée, Claus, Malcolm McDowell, Alexandra West, ” Olivia Hussey, ” West Organizations: CNN, Tristar Pictures, Universal, Hollywood, “, Horror Locations: Canadian, tinsel

☆ A Texas-Size Taste of Next Year’s Blockbuster Solar Eclipse
▼ + stars: | 2023-10-19 | by ( Danielle Dowling | ) www.nytimes.com time to read: +2 min

An amateur astronomer and a NASA eclipse ambassador, Ms. Davies is leading the alliance’s efforts to organize and support eclipse events in the area. At the nearby Best Western, rooms for that eclipse are going for about $1,100 a night, Ms. Moore said. In Bandera, the self-proclaimed Cowboy Capital of the World, this eclipse came with wagon rides, Old West shootout re-enactments and one outrageously long-horned bull named Redneck. A little over an hour away in the small town of Junction, Macy Brooks, the organizer of the Texclipse Music Festival, is also planning to go bigger in April. Josh White, an owner of Arrowhead Creek, a vineyard in Stonewall, is planning for a relatively quiet event at his winery in April.

Persons: ”, Dawn Davies, Davies, “, ” Patricia Moore, annularity, Moore, Macy Brooks, margarita, Brooks, Josh White Organizations: Hill Country Alliance, NASA, Bandera County Convention, Visitors Bureau, Cowboy Capital, Old West Locations: Oregon, South Carolina, Bandera County, Bandera, Old, Spain, Junction, Arrowhead, Stonewall

☆ I got lonely working remotely, so I chose to go back to the office. Being away from my coworkers really took a toll.
▼ + stars: | 2023-10-19 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

She started working remotely in March so she could move around with her travel-nurse boyfriend. But her days were lonely and she missed her coworkers, so she decided to go back to the office. Because of these benefits, I always thought that working remotely would be incredible, so when my boyfriend took an assignment as a travel nurse in March, I asked my company if I could work remotely so I could travel with him. It was also hard to feel as invested in my job while working remotely. It made me sad because I do love learning, working hard, and trying my best, but when I'm working from home, it just doesn't come as naturally to me.

Persons: Macy Matt, —, I'd, I've, who's, I'm Organizations: Service Locations: Omaha , Nebraska, Omaha

☆ Walmart beefs up its third-party marketplace as it challenges bigger online rival Amazon
▼ + stars: | 2023-10-18 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

In this article WMTAMZN Follow your favorite stocks CREATE FREE ACCOUNTWalmart hosted its first seller summit for its third-party marketplace this summer. Walmart leaders gave third-party marketplace sellers an early gift, too: Waiving extra fees for storing merchandise during the peak season. Already, the company is using the third-party marketplace to try to drum up early business. About 70% of items included in Walmart Plus Week, which coincided with Amazon Prime Day in July, were marketplace items. There are signs Walmart's growing third-party marketplace could help the company defy slower spending patterns and capitalize on inflation-wary shoppers.

Persons: Doug McMillon, Santa Claus, Sam Walton, Walmart's, Tom Ward, Rick Watson, Watson, Melissa LaCognata, Jaré Buckley, Cox Organizations: Walmart, Amazon's, Amazon, Walmart U.S, eBay, RMW Commerce Consulting, Federal Trade Commission, Disney, Reebok, Lucky Locations: Las Vegas, Amazon

☆ Walmart staffed up for holidays; US retailers cautious about economy
▼ + stars: | 2023-10-16 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

"We're staffed and ready to serve the customers this holiday season," Maren Dollwet Wagonner, senior vice-president of people, said in a LinkedIn postlast week. Walmart, like other retail chains, has been cautious in its holiday season outlook, saying customers are stressed by high food prices, depleted savings and higher interest rates. The statement from America's largest private employer with 1.7 million employees offered analysts insight into possible holiday shopping results. Except for Amazon, which plans to hire 250,000 holiday season workers, several other U.S. chains including Macy's have issued muted hiring plans for the period. While U.S. retail job applications are up 46%, job openings are down 25% and actual retail hiring is down by 12% in the year through September, according to talent acquisition company iCIMS.

Persons: Kamil Krzaczynski, sprees, We're, Maren Dollwet Wagonner, Andrew Challenger, Neil Costa, Walmart's, Spencer, Siddharth Cavale, Mark Porter, Richard Chang Organizations: Walmart, REUTERS, Challenger, U.S, Walmart's LinkedIn, Thomson Locations: Chicago , Illinois, U.S, Britain, New York

☆ A new docuseries follows Juul’s catastrophic crash and burn
▼ + stars: | 2023-10-11 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

If you were a millennial, brought up amid secondhand smoke in homes and restaurants in the ’80s and ’90s (like this writer), Juul’s rise might not have felt so alarming. But if you were a teenager, Juul’s impact was immediately striking — and likely unnerving for your parents — as explored in a new Netflix docuseries. “Big Vape” neither neatly ties up Juul’s troubles nor addresses the company’s motives. Bulls***t.”“Big Vape: The Rise and Fall of Juul” is out now on Netflix. Watch: “Thank You for Smoking” (2005)This Jason Reitman-directed black comedy follows Big Tobacco lobbyist Nick Naylor (Aaron Eckhart), who spins, spins, spins the narrative by any means necessary, his job at odds with his role as parent to a 12-year-old.

Persons: R.J . Cutler, “, Juul, Gabby Jones, James Monsees, Adam Bowen, David Pierce —, Pierce, Juul’s splashy, “ James, Adam, ”, Jamie Ducharme, — Bella Hadid, Dave Chapelle, Adele, Jennifer Lawrence, ” Chase Amiratta, Spencer Platt, ‘, ’ ”, Erica Halverson, Jamie Ducharme’s, Stanford grads ’, —, Jason Reitman, Nick Naylor, Aaron Eckhart, Pets.com ”, Pets.com, Anna Lembke, Dr Organizations: CNN, Netflix, Juul Labs, Food and Drug, Apple, Bloomberg, Getty, Washington D.C, Bulls, Stanford, ., Big Tobacco Locations: “, New York , California , Massachusetts, New Mexico , Illinois, Colorado, Washington, Juul

☆ The student-loan payment restart is about to put pressure on an already-fragile economy
▼ + stars: | 2023-10-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The resumption of student-loan payments is expected to add further strain. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe US economy has thrived over the past three years, since the initial shock of COVID-19 gave way to a rapid recovery. Here's what banks and economists are saying about the impact of the student-loan payment resumption on the economy. AdvertisementAdvertisementWhat will happen to the economy with the student-loan payment restartIt's difficult to predict how exactly the economy will respond to a surge of borrowers facing student-loan payments again — and it depends on a number of factors.

Persons: —, Marshall Steinbaum —, University of Utah —, Jerome Powell, Wells Fargo, Goldman Sachs, Jeff Gennette, Michael Fiddelke, Jefferies, Education James Kvaal Organizations: Service, Family Institute, University of Utah, Education Department, Federal, United Auto Workers, Bank of America, Education Locations: Helena

☆ U.S. online sales to grow 4.8% in crucial holiday season, report says
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephanie Keith/File Photo Acquire Licensing RightsOct 5 (Reuters) - Online sales during the crucial U.S. holiday season are expected to rise 4.8% from a year earlier as retailers go all out to woo inflation-hit consumers with even bigger discounts and promotions, a report from Adobe Analytics showed on Thursday. Adobe said the holiday season would see heavy discounts this year, especially in the toys, sporting goods and furniture categories, with markdowns peaking at 35%. Last month, Mastercard's (MA.N)SpendingPulse report forecast a 6.7% rise in online sales during the holiday season. Online discounts expected to be as high as 35% this holiday seasonWith Amazon.com (AMZN.O) hosting its second Prime Day sale in October, holiday shopping is expected to start as early as this month. Shoppers, especially the younger ones, are more likely to use buy-now-pay-later services to stretch their budgets, according to the report.

Persons: Stephanie Keith, Adobe, Savyata Mishra, Anil D'Silva Organizations: REUTERS, Adobe Analytics, Walmart, Adobe, Thomson Locations: New York City, U.S, Bengaluru

☆ Levi Strauss cuts annual forecasts as promotions, wholesale weakness weigh
▼ + stars: | 2023-10-05 | by ( ) edition.cnn.com time to read: +3 min

Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates, reeling from hefty promotions and falling demand at wholesale channels in North America. Levi has struggled with declining sales at its overall wholesale business, particularly in North America, which has a higher exposure to the middle-income consumer. This has impacted Levi’s sales at retail partners such as Walmart and Target, where prices of its Signature and Denizen lines start just below $30. Analysts have said Levi might have to increase promotions and cut prices if wholesale channel sales continue to worsen, which could pressure its margins further. Levi forecast revenue to be flat to up 1% in fiscal 2023, compared with prior estimate of 1.5% to 2.5% growth.

Persons: Levi Strauss, Nordstrom, Levi, Harmit Singh, “, ” Singh, Singh, ”, Michael Ashley Schulman, Schulman Organizations: Financial, Reuters, Walmart, Target, Running Locations: North America, Americas

☆ Levi Strauss cuts full-year sales forecast again, as inflation takes a toll
▼ + stars: | 2023-10-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

It said it anticipates adjusted earnings per share to be on the low-end of the previously shared range of $1.10 to $1.20. Those retailers, which buy wholesale items from Levi to carry on their stores and websites, have seen weaker discretionary sales. For Levi, direct sales and international sales have been the stronger parts of its business. Like Nike , Levi has tried to control its own destiny by driving more of its overall sales through its own stores and website. Along with driving more direct sales, Levi is looking to expand in international markets.

Persons: LEVI, Sean Gallup, Levi Strauss, Chip Bergh, Harmit Singh, Levi —, Levi, Bergh, Denizen, Michelle Gass, Chip Bergh Levi Strauss Organizations: Getty, U.S, CNBC, LSEG, Walmart, Target, Nike Locations: U.S, Target, Asia, America, North America, Europe, Mexico, India, Macy's

☆ Macy's and Bloomingdales can learn from one another: Macy's President Tony Spring
▼ + stars: | 2023-10-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy's and Bloomingdales can learn from one another: Macy's President Tony SpringJeff Gennette, Macy's chairman and CEO, and Tony Spring, Macy's president and CEO-elect, join 'Mad Money' host Jim Cramer to talk the direction of the company moving forward.

Persons: Bloomingdales, Tony Spring Jeff Gennette, Tony Spring, Jim Cramer

[1/2] A worker clears debris so delivery vehicles can exit a FedEx Ground distribution center in this aerial photograph taken over Carson, California, U.S., September 16, 2022. "They have to fight for every package right now, it's great for shippers," said LJM Consultants partner Kenneth Moyer, a former UPS pricing negotiator who now works with delivery customers. The world's biggest parcel delivery firm added it is using price negotiations to encourage attractive high-margin or high-volume customers, while discouraging high-cost deliveries. Third quarter ground delivery rates are forecast to fall 0.55% per package versus a the year earlier period, according to the TD Cowen/AFS Ground Pacrel Freight Index. But experts are skeptical, particularly as UPS offers to cover early termination fees for customers that switched to FedEx.

Persons: Bing Guan, That's, Kenneth Moyer, Deyman Doolittle, Wall, Moyer, Mark Taylor, Taylor, Satish Jindel, ShipMatrix, Micheal McDonagh, Yokeley, Lisa Baertlein, Ben Klayman, Aurora Ellis Organizations: FedEx, REUTERS, United Parcel Service, UPS, U.S . Postal Service, LJM, Cowen, Reuters Graphics Reuters, Teamster, Department, USPS, Amazon, AFS Logistics, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Carson , California, U.S, Macy's, Los Angeles

☆ Incoming Macy's CEO calls Bloomingdale's brand a 'growth vehicle' for the company
▼ + stars: | 2023-10-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Incoming Macy's CEO Tony Spring and current CEO Jeff Gennette told CNBC's Jim Cramer the company is leaning into the success of its brands like higher-end department store Bloomingdale's and luxury beauty retailer Bluemercury. Spring, who will take over for Gennette in February after his retirement, had been at the helm of Bloomingdale's since 2014. Macy's announced Tuesday it would be expanding its "small-format store strategy," planning to increase the number of smaller Macy's and Bloomingdale's locations across the country. Spring said the company's smaller divisions of Bloomingdale's — known as "Bloomie's" — have been successful. Gennette and Spring also claimed Macy's has an edge on its rivals when it comes to holiday retail.

Persons: Tony Spring, Jeff Gennette, CNBC's Jim Cramer, Macy's, Spring, Gennette Organizations: Gennette, Retail Locations: Bloomingdale's

☆ Jim Cramer sits down with Macy's outgoing and incoming CEOs
▼ + stars: | 2023-10-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer sits down with Macy's outgoing and incoming CEOsJeff Gennette, Macy's chairman and CEO, and Tony Spring, Macy's president and CEO-elect, joins 'Mad Money' host Jim Cramer to talk the direction of the company moving forward.

Persons: Jim Cramer, Jeff Gennette, Tony Spring

☆ Macy's will open up to 30 stores, as department store looks to strip malls as key part of its future
▼ + stars: | 2023-10-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article M Follow your favorite stocks CREATE FREE ACCOUNTMacy's is opening more small-format stores across the country. Macy'sMacy's on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out of dying malls and into bustling suburbs. Chief Stores Officer Marc Mastronardi said small-format stores are part of the solution. Macy's smaller, off-mall stores have spacious fitting rooms and a curated mix of merchandise that's frequently swapped out. The company is phasing out Market by Macy's, the name it initially used for the smaller Macy's stores.

Persons: Macy's, —, Marc Mastronardi, that's, Mastronardi, Jeff Gennette, Gennette, Tony Spring, Oliver Chen Organizations: Macy's, Cowen, Nike, Armour, 34th, Shoppers Locations: Macy's, floundering

☆ Toys 'R' US to open stores across US, including airports and cruise ships
▼ + stars: | 2023-09-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Toys “R” Us stores are making another comeback — this time it’s at airports and cruise ships. WHP Global, the toy store’s parent company, announced an expansion of up to 24 flagship stores, as well as opening stores at airports and cruise ships. The stores for the cruise industry will sell cruise-themed merchandise, though Toys “R” Us did not specify on which cruise lines or where the stores will open. The 24 flagship locations will join the 452 Toys “R” Us shops that are currently open in Macy’s stores across the country. In 2021, WHP Global acquired Toys “R” Us from Tru Kids Inc., which bought the failed brand in a 2018 liquidation sale.

Persons: WHP Global, ”, Yehuda Shmidman Organizations: New, New York CNN, Dallas Fort Worth International, Duty, WHP, Go, WHP Global, Tru Kids Inc, Tru, Covid Locations: New York, New Jersey, Texas

☆ Toys R Us is planning a brick-and-mortar comeback in the U.S., with up to 24 new flagship stores
▼ + stars: | 2023-09-29 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +3 min

Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season. Toys R Us aims to start opening the up to two dozen flagship stores as early as next year in partnership with Go! Toys R Us filed for bankruptcy in 2017, though it could not come out of it on its own, pushing it into liquidation. In summer 2021, WHP announced a rollout of more than 400 new Toys R Us stores at Macy's locations across the country. WHP told CNBC the new flagship stores will be modeled after the American Dream location with "immersive" shopping experiences.

Persons: WHP, Yehuda Shmidman, Shmidman Organizations: WHP Global, Go, Retail, Dallas, Fort Worth International, Tru, CNBC, Duty Locations: U.S, New Jersey, Dallas

☆ Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat
▼ + stars: | 2023-09-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Revenue for the quarter was just shy of the $12.98 billion analysts had expected, according to LSEG. For the second quarter, Nike expects revenue growth to be up slightly versus the prior year and gross margins to grow by about 1 percentage point versus the prior year. During the previous quarter ended May 31, Nike saw China sales jump 16% compared to the year-ago period. Analysts had expected sales to be about $660 million, according to StreetAccount.

Persons: Matthew Friend, They're, John Donahoe, he's, Friend, Jefferies, doesn't bode, It's Organizations: Nike, LSEG, Revenue, Investors, Reuters, Asia Pacific, Converse, Sporting Goods, Footlocker Locations: China, North America, Europe, East, Africa, America, Asia

NEW YORK (AP) — The actor picked to play the iconic, baby-faced flapper Betty Boop in a new stage musical is a triple threat from Texas with a contagious laugh. Jasmine Amy Rogers will star in “BOOP! The Betty Boop Musical” making its debut this fall in Chicago with hopes that it can charm itself to Broadway. I have so many people around me that are helping me find her and bring her to life, and so it’s really, really exciting,” Rogers told The Associated Press before her official unveiling Wednesday. Betty Boop has been a queen of animated cartoon characters since 1930, wearing round eyes, a strapless minidress, with a garter peeking out above her knee and large hoop earrings in her ears.

Persons: Betty Boop, Jasmine Amy Rogers, “ BOOP, ” Rogers, Jerry Mitchell, Rogers, Nancy ”, they’ve, ‘, ’ ”, Mitchell, Tony, “ Kinky Boots, ”, Rotten, “, She’s, David Foster, Susan Birkenhead, Bob Martin, Betty, she’s, “ I’m, Jasmine, Gretchen Wieners, ” “, ‘ ’, it’s, I’ve, Roger Rabbit, ___ Mark Kennedy Organizations: Broadway, Associated Press, Alliance Theatre, Manhattan School of Music, ” Fleischer Studios Locations: Texas, Chicago, Atlanta, New Jersey, Nancy

☆ Dick's Sporting Goods' proposed holiday hiring slips to 8,600 amid higher labor costs
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Sept 26 (Reuters) - Athletic-wear retailer Dick's Sporting Goods (DKS.N) said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less than its proposed hiring for the same period a year earlier. The company's announcement comes close on the heels of conservative holiday hiring plans announced by retailers Target (TGT.N) and department store retailer Macy's (M.N) last week. Dick's Sporting Goods last year had said it would hire 9,000 temporary employees for the holiday season. A report by Challenger, Gray & Christmas earlier this month showed that retailers in the U.S. would hire the lowest number of seasonal workers this holiday season since 2008, as they battle increased labor costs. Sporting goods retailers such as Dick's Sporting Goods, Nike (NKE.N) and Foot Locker (FL.N) are battling weak wholesale demand in the U.S. as consumers cut down on spending on pricier discretionary items such as sporting apparel.

Persons: Juveria, Vinay Dwivedi Organizations: Sporting, Target, Dick's Sporting Goods, Challenger, Deloitte, Nike, Thomson Locations: United States, U.S

☆ The ‘Barbie’ movie has people buying ‘emotional support’ dolls. Psychologists say that’s a good thing
▼ + stars: | 2023-09-26 | by ( Aj Willingham | ) edition.cnn.com time to read: +7 min

CNN —The “Barbie” movie is a bona fide cultural moment. Some videos show people carefully roaming toy aisles to pick out dolls that speak to their careers, identities or just their sense of whimsy. In one popular TikTok, a daughter surprises her mom with a Dia De Muertos Barbie, and no one comes away dry-eyed. Greene thought the idea of an emotional support Barbie was a little silly at first, but she found herself in a Target one weekend and caved. When Flora saw the “Barbie” movie with her daughter, she says nearly the whole audience was decked out in pink, sparkles and sunglasses, bubbling over with excitement.

Persons: Barbie, it’s, ”, “ Barbie, ” “, Muertos, “, Kristin Flora, she’s, ” Flora, Cameron Greene, Greene, Justin Sullivan, Flora, Pat Cafaro, tutu, ” Cafaro Organizations: CNN, Warner Bros, Pictures, Warner Bros ., Dia, Franklin College in, “, Retailers, rec Locations: Franklin College in Indiana, Lanham , Maryland, Corte Madera , California, Sarasota , Florida

☆ Target to hire 100,000 workers, start holiday promotions in October
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Shoppers wait in line at Target on the Thanksgiving Day holiday in Burbank, California, November 22, 2012. REUTERS/Jonathan Alcorn/File Photo Acquire Licensing RightsSept 19 (Reuters) - Target (TGT.N) said on Tuesday it would hire nearly 100,000 employees for the holiday season, a number that has been consistent over the last two years, and offer discounts as early as October to attract inflation-weary shoppers. In 2022, Amazon.com (AMZN.O) had announced plans to hire 150,000 employees across its operations for the holiday season, while retail bellwether Walmart (WMT.N) had said it would add 40,000 workers in seasonal and full-time roles. Macy's said on Monday it would hire more than 38,000 full and part-time seasonal workers, fewer than the 41,000 workers it had announced to hire in 2022. In a bid to draw shoppers, Target said it would start offering items under $25 across categories including apparel, home goods, and essentials and was hosting a "Deal of the Day" program starting October.

Persons: Jonathan Alcorn, Macy's, Steve Sadove, Ananya Mariam Rajesh, Deborah Sophia, Rashmi Aich, Anil D'Silva Organizations: REUTERS, Mastercard, Challenger, Walmart, Thomson Locations: Target, Burbank , California, U.S, Bengaluru

☆ Christmas is on hold: Stores’ holiday hiring plans are the lowest since 2008
▼ + stars: | 2023-09-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

That would mark the industry’s lowest seasonal hiring total since 2008. Late to the partyWhile most big names have ordinarily announced their hiring plans by this time of year, the majority have not yet done so, according to Challenger. Amazon is looking for full-time, part-time, and seasonal employees to stow, pick, pack, sort and ship customer orders in centers across the country. Target said it is keeping its holiday hiring plans at 100,000, while Macy’s said it plans to hire 3,000 fewer people, according to Challenger, Gray & Christmas. UPS, which has hired 100,000 seasonal workers in years prior, has not announced its hiring plans after narrowly avoiding a strike with Teamsters.

Persons: They’re, Macy’s, ” Organizations: New, New York CNN, Target, Depot, Challenger, Amazon, Employees, UPS, Teamsters, Kroger Locations: New York, stow

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