Toys R Us to add 45,000 seasonal hires

MIDLAND, MI - OCTOBER 17: Santa students file into Toys R Us to learn what the hot toys for the Holiday Season will be during the Charles W. Howard Santa Claus School workshop on October 17, 2008 in Midland, Michigan. The legend of Santa Claus has endured many centuries. The Charles W. Howard Santa Claus School is becoming legendary as it is in it's 71st year of classes. Student Santas gather from around the world to share their common love of Christmas and the magical spirit of Santa Claus. They share their stories, learn common traditions, and values that started at this school from the beginning. (Photo by Al Bello/Getty Images) Al Bello

NEW YORK Toys R Us plans to hire 45,000 seasonal workers at its stores and distribution centers, the same number as last year, as it ramps up for the all-important holiday season.

Coming off a slower-than-expected back-to-school season, analysts and stores are bracing for a tough holiday shopping period, which accounts for as much as 40 percent of stores' annual revenue. Analysts study the holiday hiring figures from retailers for clues about overall employment trends and sales expectations for the holiday season. Stores typically begin to hire for the holidays in mid-September and ramp up hiring in mid-October.

At Toys R Us, hiring begins this week and runs through December. About 15 percent of the jobs in 2012 lead to full-time employment.

Overall holiday hiring is expected to be relatively flat because of cautious consumer spending and uncertainty about the economic environment. Employer consulting firm Challenger, Gray & Christmas Inc. estimates that overall seasonal hiring will not change significantly from last year's total, when hiring rose 14 percent to 751,800 positions between Oct. 1 and Dec. 31.

Wal-Mart Stores said Monday it is hiring 55,000 seasonal workers and is elevating 35,000 temporary workers to part-time status and 35,000 part-time workers to full-time jobs.

Target Corp. said last week it plans to hire 70,000 workers, a 20 percent drop from a year ago, as it tries to be more efficient in its hiring practices. And department-store operator Kohl's Corp. said last week that it plans to hire about 53,000 seasonal workers for the holiday season, slightly more than last year.

Comments

CBSN Live

pop-out
Live Video

Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Market News

Stock Watchlist