Holiday Hiring In A Pinch? Dick's Sporting Goods Aims To Hire Less Seasonal Help Than Last Year
Portfolio Pulse from Shivani Kumaresan
Dick's Sporting Goods Inc plans to hire 8,600 seasonal workers for the upcoming holiday season, down from 9,000 last year. This follows a trend of conservative seasonal hiring by other retail giants like Target Corporation and Macy's Inc, due to rising labor costs and sluggish growth in holiday sales. However, Amazon.Com, Inc. plans to increase its hires by 67% compared to the last two years. Brands like Dick's Sporting Goods, Nike, Inc., and Foot Locker, Inc. are grappling with diminished wholesale demand.
September 26, 2023 | 6:38 pm
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POSITIVE IMPACT
Amazon.Com, Inc. plans to increase its hires by 67% compared to the last two years.
Amazon's decision to significantly increase its hires could indicate a high expectation for holiday sales, which could positively impact revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEUTRAL IMPACT
Dick's Sporting Goods plans to hire fewer seasonal workers this year, indicating potential cost-saving measures.
The decision to hire fewer seasonal workers could be a cost-saving measure for Dick's Sporting Goods. However, it could also indicate a lower expectation for holiday sales, which could negatively impact revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Macy's Inc is also following a trend of conservative seasonal hiring.
Macy's decision to hire fewer seasonal workers could be a cost-saving measure, but it could also indicate a lower expectation for holiday sales.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Target Corporation is also following a trend of conservative seasonal hiring.
Target's decision to hire fewer seasonal workers could be a cost-saving measure, but it could also indicate a lower expectation for holiday sales.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Foot Locker, Inc. is grappling with diminished wholesale demand.
Diminished wholesale demand could negatively impact Foot Locker's revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Nike, Inc. is grappling with diminished wholesale demand.
Diminished wholesale demand could negatively impact Nike's revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50