Tuesday, February 15, 2011

Home Depot To Hire 60k Workers for Spring Rush


"The Home Depot, the world's largest home improvement retailer, today announced it will hire more than 60,000 seasonal associates in time for the Company's second annual Spring Black Friday event.

Like the traditional Black Friday that occurs the day after Thanksgiving to unofficially start the holiday shopping season, The Home Depot's Spring Black Friday marks the start of home improvement's busiest shopping season. In preparation, the Company will hire and train new seasonal associates in every market during the month of February and March. Additionally, The Home Depot will be adding net new permanent full-time and part-time positions to its stores for the second year in a row."

HT: Steve Bartin at Newsalert

Update: Note that Home Depot stock has risen about 20% over the last three months, or about twice the return on the S&P500 (10%) over the last three months (see chart above). 

6 Comments:

At 2/15/2011 2:36 PM, Blogger juandos said...

Hmmm, I wonder how many of the 99ers are going to take a shot at this job offering?

 
At 2/15/2011 2:39 PM, Blogger morganovich said...

i wonder how many will get fired in the summer/fall.

 
At 2/15/2011 2:41 PM, Blogger morganovich said...

looks like most of them. HD hired over 60k seasonal workers last year too.

 
At 2/15/2011 2:52 PM, Blogger Buddy R Pacifico said...

People are fixing up their houses instead of moving + pent-up demand from a tough winter = more business for the big box home improvement stores.

 
At 2/15/2011 9:23 PM, Blogger Hydra said...

I find Lowes to be a better experience all around. Sometimes you can even find someone who knows something.

 
At 2/16/2011 5:35 AM, Blogger Jet Beagle said...

I agree with morganivich that Home Depot's seasonal hirings are not so indicative as a measure of the nation's economic strength.

I am unconcerned about the temporary nature of this work. Many Home Depot spring seasonal jobs will be filled by seasonal workers who spent their Nov-Dec days at WalMart and other strong winter retailers. Some will spend their post-Home Depot summers working in summer resorts and golf courses. I've known several people who prefer the flexibility of seasonal work. Also, seasonal employment is good experience for the very young workers. It can be emotionally satisfying for the senior employees who do not necessarily need a full year's wages.

 

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