Sept 16 (Reuters) - Target ( TGT ) said on Monday it
would employ about 100,000 seasonal workers, in line with the
last three years of
holiday hiring, as the retailer gears up for the all-important
shopping period.
Holiday retail sales are expected to grow at their slowest
pace in six years, according to data from Deloitte, as
persistent inflationary pressures have exhausted consumer
savings and turned shoppers more frugal.
The holiday shopping season accounts for more than half
of U.S. retailers' annual revenue. To lure in buyers, Target ( TGT )
also said on Monday it would introduce more affordable holiday
items and bring back its partnership with British retailer Marks
& Spencer.
The retailer said the seasonal hires were for its stores
and supply chain facilities, with majority of them working at
its stores.
With customers expected to begin their holiday shopping
early while looking for additional discounts in categories
ranging from groceries to homegoods, retailers in the United
States have been launching discounts and beefing up promotions.
Target ( TGT ) also announced that its Target Circle week will
start from Oct. 6, a week later compared to the last year.
Lat month, Target ( TGT )
raised
its full-year profit forecast after reporting upbeat
quarterly comparable sales, betting on its price cuts that
helped in lifting demand at its stores.
Bath & Body Works ( BBWI ) said last week that it will hire
30,000 seasonal workers for the holiday season.