Amazon (Nasdaq:AMZN) and Macy's (NYSE:M) are among several U.S. retail chains counting on increased holiday spending this year. Both massive retailers said they are hiring thousands of workers for the season.
Amazon is hiring 70,000 full-time seasonal workers at its distribution centers, which number around 120, a significant 40 percent increase from last year. Macy's said it will hire around 83,000 temporary works at its Macy's and Bloomingdale's stores, along with its distribution centers, online fulfillment centers and call centers.
For Macy's, the hiring spree is an increase of 3.8 percent over the 2012 holiday season. "Our goal is to be well-staffed to welcome and serve customers throughout the busy holiday season, whether they are shopping or buying in stores, online or via mobile devices," said Terry J. Lundgren, Macy's chairman, president and CEO, in a company statement.
Despite consumer concerns about the government shutdown and increases in the payroll tax, all things point to a sales spike over the 2012 holiday season, when sales rose around 3 percent. Bloomberg estimates that retailers' sales will rise 3.4 percent this holiday season, and New York-based consulting firm Deloitte LLP found that holiday retail sales are forecast to increase as much as 4.5 percent.
"We're going to see a more subdued spending mood from consumers, but what counts is that we're on track to have a better holiday sales season than last year," said Michael Niemira, chief economist for the International Council of Shopping Centers, in a statement to Bloomberg.
Minneapolis-based Target Co. (NYSE:TGT) also recently announced plans to hire around 70,000 seasonal workers. Kohl's (NYSE:KSS) is adding an average of 40 workers per store nationwide, in addition to 6,400 seasonal positions at its distribution centers.