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Holiday Hiring In A Pinch? Dick's Sporting Goods Aims To Hire Less Seasonal Help Than Last Year

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Dick’s Sporting Goods Inc (NYSE: DKS) plans to hire 8,600 seasonal employees across the country for the upcoming holiday season. This is a decrease from last year’s target of 9,000 hires.

Other major retailers, including Target Corporation (NYSE: TGT) and Macy’s Inc (NYSE: M), have also announced conservative hiring goals for the holiday season, according to a report by Reuters. The report cited a study by Challenger, Gray & Christmas, which predicts the lowest number of seasonal hires in the retail industry since 2008.

Rising labor costs are the primary reason for this trend. A recent analysis by Deloitte suggests that the U.S. might experience sluggish holiday sales growth due to increasing inflation rates, leading to tighter budgets for households.

However, Amazon.com, Inc. (NASDAQ: AMZN) plans to significantly increase their seasonal hires by 67% compared to the past two years.

Brands like Dick’s Sporting Goods, Nike, Inc. (NYSE: NKE), and Foot Locker, Inc. (NYSE: FL) are facing reduced wholesale demand, according to the report.

DKS shares are currently trading lower by 0.62% at $106.75 on Tuesday.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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