Amazon hiring 250,000 workers for 2023 holiday season
Target is also seeking to hire 100,000 seasonal workers
Storch Advisors CEO and former Toys 'R' US Chairman Gerald Storch gives his retail outlook for the remainder of 2023.
Amazon announced Tuesday that it will hire 250,000 workers in the U.S. to ensure a robust workforce for the busy holiday shopping season.
The e-commerce giant is looking to fill part- and full-time, and seasonal fulfillment center and transportation roles nationwide, according to a blog post.
However, the company pledged to boost pay for logistics employees in particular, underscoring an effort to ramp up its same-day delivery network, especially for the critical shopping period.
MACY'S AIMING TO ADD NEARLY 40,000 WORKERS IN SEASONAL ROLES
Workers load packages into Amazon Rivian electric trucks at an Amazon facility in Poway, Calif., Nov. 16, 2022. (Reuters/Sandy Huffaker / Reuters Photos)
This year alone the company opened more than 50 new fulfillment centers, delivery stations, and same-day delivery sites across the nation.
To fill up those roles, Amazon said it's investing $1.3 billion this year toward pay increases for customer fulfillment and transportation employees, which it says will boost average pay for those roles to over $20.50 per hour. Some locations will offer an average of as much as $28 per hour, Amazon said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 202.61 | -8.87 | -4.19% |
TARGET TO HIRE 100,000 HOLIDAY WORKERS, LAUNCH DEALS IN EARLY OCTOBER
John Felton, Amazon’s senior vice president of worldwide operations, said in the post that any fulfillment or transportation employee hired "will see a 13% increase in pay over the next three years – likely more, including our annual wage investments."
An Amazon employee passes by its logo on the opening day of the new distribution center in Augny, eastern France, on September 23, 2021. (Photo by SEBASTIEN BOZON/AFP via Getty Images / Getty Images)
The news comes just after Target announced it was seeking to hire 100,000 seasonal team members for the season, which is in line with its hiring plans over the past two years.
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Macy's announced Monday that it's aiming to hire around 40,000 workers to help with the holiday rush.
Holiday hiring this year falls on the backdrop of a slowing economy. With inflation persisting and pandemic-era savings diminishing, experts predict that retail sales growth may not be as robust this year.
According to a recent forecast by Deloitte, retail sales are expected to increase between 3.5% and 4.6% with overall projected holiday sales totaling between $1.54 trillion to $1.56 trillion during the November to January period.
Last year, retail sales – seasonally adjusted and excluding automotive and gasoline – grew 7.6%, according to data from the Census Bureau.