business

Nordstrom Joins Macy's in Holiday Hiring Surge Despite Slump

Nordstrom Inc. wants to hire 13,650 workers to help meet seasonal demand as it heads into the crucial holiday period.

When the company put a buyout deal on hold earlier this month, management vowed to focus on the holiday season instead. It’s now the latest department-store chain to boost employment even as the industry moves to cut costs and slim down operations amid a deepening migration to online shopping. J.C. Penney Co. and Macy’s Inc. have also announced plans to hire thousands of seasonal workers.

Nordstrom’s hiring goal this year is 20 percent higher than 2016’s. In addition to staff at its namesake and Rack stores, Nordstrom is looking for workers at fulfillment and distribution centers to support e-commerce operations.

Department stores are beefing up their websites and trying new store formats to counteract a persistent sales slump.
 
Nordstrom’s controlling family members have sought to sidestep investor concerns about the industry (which have sparked stock declines) by taking the company private. But those efforts were put on hold for the rest of 2017 after banks’ financing offers were deemed too expensive.

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE