Kohl’s Corporation (KSS) is gearing up for the upcoming holiday season and announced its decision to appoint 67,000 associates to support the surge in business during the period.
Kohl’s has already started the hiring process in September and is expected to be completed by November-end. The company expects to hire an average of 50 associates for each of its 1,163 stores located in 49 states to support customer service during the peak period. Additionally, the company expects to hire approximately 9,300 seasonal positions at distribution centers across the country and nearly 670 seasonal credit operations positions. Kohl’s started hiring additional workers at its distribution centers from Aug 2014.
Kohl’s intends to make the most of the upcoming holiday season in order to boost its top line, which has been trending soft for the past few quarters. It is launching back-to-back brands at its stores as well as online. Last week, Kohl’s announced that it has stocked its stores with new and classic toys from national brands like Barbie, Teenage Mutant Ninja Turtles, Fisher-Price, Melissa & Doug, Nerf, Play-Doh and Playskool to name a few to attract customers during the holiday season. Customers can either go to Kohl’s’ stores or shop at Kohls.com/toys.
Kohl’s also offers many new trendy and creative toys including Cra-Z-Art Cra-Z-Knitz Knitting Station, MiP Stunt Robot and Zoomer Dino in order to keep pace with changing kids’ preference for imaginative toys. (Read: Kohl's Gears Up for Holiday Season; Launches Toy Brands)
Kohl’s carries a Zacks Rank #3 (Hold). A better-ranked departmental retailer is J.C. Penny Company, Inc. (JCP), Foot Locker Inc. (FL) and Express Inc. (EXPR). All these stocks carry a Zacks Rank #2 (Buy).
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