OPERATIONS

GameStop to hire 15,000 seasonal workers

BY CSA STAFF

GameStop said Tuesday it plans to hire about 15,000 seasonal, part-time workers to help with the holiday rush.

But the video-game retailer also said it expects more applicants for the minimum-wage jobs than in previous years because of the recession that has left millions unemployed.

GameStop usually hires temporary employees in the fall, until Dec. 24, and said Tuesday the number of the new part-time workers this year is “consistent with” its seasonal hiring in 2008 and 2007.

The retailer said the move will temporarily increase the company’s employee base by 46%. The number of its in-store “game advisors” — people who help shoppers pick out video games — will grow by about 78%. The company said the temporary jobs are spread out evenly across its stores around the United States.

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Olsen twins launch exclusive line for JCPenney

BY CSA STAFF

PLANO, Texas JCPenney has launched a new line from Mary-Kate and Ashley Olsen. The exclusive new line, Olsenboye, will be available for a limited time on jcp.com and in select JCPenney stores beginning Nov. 6, with a full launch set for spring 2010.

“Our juniors customers have grown up with Mary-Kate and Ashley and look to them not only as authentic designers, but also as style icons,” said Liz Sweney, EVP and general merchandise manager of women’s apparel at JCPenney. “The launch of Olsenboye brings aspiration and sophistication to our juniors department, while underscoring our commitment to continue to step up our style and offer our younger customers new, fashion-forward merchandise at affordable prices.”

 

The Olsebboye collection draws inspiration from different cities around the world and includes denim, bottoms, tops, dresses and shoes ranging in price from $20 to $50.

 

To help promote the new line, an Olsenboye “mobile shop” will drive around New York City offering consumers a chance to experience the brand and purchase merchandise before the launch.

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Credit trends point to pressured consumers

BY CSA STAFF

The stock market is looking up, and there is talk of the recession being over, but one look at the trends in Target’s credit portfolio reveal that consumers are not out of the woods. The company’s receivables declined 6.8% in September compared with a year earlier, partly by design as the company sought to mitigate its exposure to charge-offs and delinquencies. Charge-offs totaled 14.37% in September, while delinquencies totaled 6.17%.

 

 

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