Dick’s Sporting Goods, the popular U.S.-based retailer, has announced plans to hire only 8,000 seasonal workers for the upcoming holiday season, marking a significant reduction compared to the previous year. This 600-worker decrease reflects growing concerns about consumer spending trends and economic uncertainty in the retail sector. Despite the cut, Dick’s is determined to maintain […]
Macy’s, Inc. has unveiled a massive recruitment drive for the 2024 holiday season, planning to bring on over 31,500 full- and part-time employees across its flagship Macy’s stores, as well as Bloomingdale’s and Bluemercury locations. These seasonal hires will be spread across retail stores, distribution centres, and other facilities nationwide, aimed at handling the anticipated […]
In a notable development in the retail and investment sector, Arkhouse Management Co. LP, in collaboration with its partner Brigade Capital Management, has made a revised all-cash offer to purchase the American department store chain, Macy’s, for $24.00 per share. This proposal underscores a significant premium over Macy’s current and unaffected share prices, marking a […]
Macy’s job cuts : US upscale department store chain Macy’s intends to close around 125 stores in lower-tier malls during the next three years owing to their low profitability, resulting in nearly 2,000 job losses. Macy’s store closure update The stores to be closed include nearly 30 that are already in the process of being […]