Retail

Kohl's to Bring on Thousands of Workers

YinYang / Getty Images

Kohl’s Corp. (NYSE: KSS) announced on Wednesday that it plans to take on more employees during the back-to-school, fall and holiday seasons. As of Wednesday, Kohl’s is now hiring for an early wave of seasonal positions across 500 stores, nearly double the number of stores with early hiring positions compared to last year.

All Kohl’s stores, distribution and e-commerce fulfillment centers will begin seasonal hiring later this summer in August. The company is also now hiring for full-time and part-time store associates to support omnichannel and customer service functions.

About 3,000 associates will be brought on for customer service and omnichannel positions.

Separately, Kohl’s will begin hiring in October to staff its expanded 130-store omni power center pilot with up to 50 seasonal positions per store.

Marc Chini, Kohl’s senior executive vice president and chief people officer, commented:

Our early seasonal hiring strategy positions Kohl’s for success during the back half of the year and ensures our store teams are fully staffed and trained to meet the needs of our customers during the holiday season. Our full-time, part-time and seasonal Kohl’s associates bring to life the omnichannel shopping experience that sets Kohl’s apart, and we look forward to welcoming our new associates whether they’re looking to earn additional money for holiday gifts or seeking to start their careers in retail.

Shares of Kohl’s traded down about 2% Wednesday at $48.82, in a 52-week range of $45.21 to $83.28. The consensus price target is $62.19.


The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.