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Retail

A Retail Holiday Comeback: Toys “R” Us To Hire 45,000

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By Douglas A. McIntyre Published
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The first half retail sales numbers were anemic and so were back-to-school numbers. It has been assumed that a weakening economy would harm 2010 holiday sales as well.

Don’t tell that to Toys “R” Us. It announced that it will added 45,000 workers for the holidays.

The firm said it plans “to hire approximately 45,000 seasonal employees to staff its Toys“R”Us and Toys“R”Us Express pop-up stores in the U.S. this holiday season, essentially doubling its domestic workforce.  This number is greater than the total workforce the company hired during each of the last three holiday shopping seasons due to the addition of 600 new Toys“R”Us Express stores.  In previous holiday seasons, the company has hired approximately 35,000 toy-trained employees to help gift-givers find the RIGHT toy for the children on their lists this Christmas.”

The news should be positive for the entire retail sector,  but particularly those which has large sections of their stores devoted to toys. This would include Walmart (NYSE: WMT), Macy’s (NYSE: M), and Target (NYSE: TGT).

The move is a gamble, but if it pays off, it positions Toys “R” Us for a planned IPO.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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