Macy's plans to hire over 38,000 full and part-time workers for the upcoming holiday season.
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This number is lower than the approximately 41,000 employees hired by Macy's in the previous year.
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U.S. retailers, in general, are hiring the lowest number of seasonal workers since 2008, according to a report by Challenger, Gray & Christmas.
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Planned holiday hires across the industry are significantly lower than in 2022.
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Slower holiday sales growth is expected this year due to cautious consumer spending and economic concerns.
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Macy's has been hiring fewer employees in recent years, with around 76,000 workers hired in 2021.
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The hiring slowdown comes amid challenges like weakening consumer sentiment and rising labor costs.
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Macy's is recruiting for its various banners, including Macy's, Bloomingdale's, and Bluemercury stores, as well as its distribution centers.
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Other companies like 1-800-Flowers.com and Kroger are also hiring seasonal workers.
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Some companies, including Bath & Body Works, are offering perks like flexible hours and bonuses to attract holiday employees.
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