Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Best Buy kicks off holiday season hiring with fairs across the country

Best Buy kicks off holiday season hiring with fairs across the country

Best Buy said it plans to hire thousands of workers this holiday season through hiring fairs across the country.
The electronic retailers will host hiring fairs across the country in October.

The National Retail Federation expects retailers to hire between 530,000 and 590,000 temporary employees this year, compared with 554,000 in 2018, despite trade uncertainty.

As the holidays approach, Best Buy has kicked off its seasonal hiring by hosting a number of job fairs.

The electronics retailer said Monday it plans to hire “thousands” of workers to assist with the holiday shopping season. Despite the increasingly tight labor market and concerns about how trade uncertainty will impact shopping this year, retailers have started hiring extra hands in anticipation of the holidays.

Best Buy will host a national fair on Oct. 10-11, where the company said all U.S. stores will hold interviews. The company said prospective workers can apply online or in person, and that interviews will take place the same day with the potential to be hired on the spot. Hiring fairs for warehouse positions will also be held Oct. 10. The company did not immediately respond to CNBC’s questions on whether it plans to hire more or fewer workers than last year.

The National Retail Federation expects retailers to hire between 530,000 and 590,000 temporary employees this year, compared with 554,000 in 2018. Macy’s announced its plan to hire 80,000 temporary workers while Kohl’s announced it plans to hire 90,000 — both in line with their seasonal hiring in 2018. Target plans to hire 130,000, up from the 120,000 it planned to hire last year.

With the unemployment rate at a 50-year low, retailers are offering benefits and perks to attract seasonal workers. Best Buy said it offers “a flexible schedule, competitive wages, 401k eligibility and an employee discount.”

Last year, retailers became desperate for help during the holidays, offering workers bonuses and gift cards.

Best Buy set new financial targets for the next five years last month. The company said it excepts fiscal 2025 revenue to reach $50 billion as it pushes into in-home and health services. The electronic retailer also plans to cut an additional $1 billion in costs over the next five years through efforts such as minimizing returns. CFO Matt Bilunas said the company would adapt to a “flexible workforce model,” but did not specifically say the company would be eliminating jobs.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
×