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GameStop Plans to Hire 28K Staff for Holiday Season

Gearing up for the upcoming holiday season, GameStop Corp.GME , announced its plan to hire more than 28,000 seasonal workers to handle the rush. This year's recruitment is nearly 12% higher from that of last year's.

GameStop will begin hiring very soon for its 6,800 stores. The seasonal staff will begin working from Oct 18 and continue till Jan 8. The improved staffing will help the company to better serve customers during the busy time of the holidays.

We note that during the holiday season retailers stay on their toes, flooding the markets with offers and promotions. They sweep buyers off their feet with early-hour store openings, huge discounts, promotional strategies, and free shipping on online purchases. Since the season accounts for a sizeable chunk of yearly revenues and profits, retailers grab every opportunity to drive footfall.

Moreover, given the rebounding U.S. economy, the retail space is brimming with optimism and hence, retailers will leave no stone unturned to make the most of this season. A gradual recovery in the housing market and manufacturing sector, along with an improving labor market and lower gasoline prices, is favoring the economy and playing key roles in raising buyers' confidence.

Other retailers like Macy's, Inc. M and Kohl's Corp. KSS have already revealed their hiring plans for the holiday season. Macy's is hiring roughly 85,000 seasonal workers whereas Kohl's is hiring more than 69,000 workers.

Stock That Warrant a Look

A better-ranked stock in the related industry includes Foot Locker, Inc. FL , carrying a Zacks Rank #1 (Strong Buy).

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MACYS INC (M): Free Stock Analysis Report

FOOT LOCKER INC (FL): Free Stock Analysis Report

GAMESTOP CORP (GME): Free Stock Analysis Report

KOHLS CORP (KSS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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