Survey: Dim holiday hiring outlook
Richmond, Va. The outlook for hourly seasonal jobs is dim, with a more than 40% decrease in holiday hiring levels over the numbers reported just two years ago, according to a new survey from SnagAJob.com.
The competition for available jobs is also higher than ever, with a majority (54%) of hiring managers expecting more applications than last year, the report said.
The survey, conducted by third-party research firm Ipsos Public Affairs, finds that each manager, on average, plans on hiring 3.1 seasonal employees this holiday period. This is 16% fewer workers than the 3.7 seasonal workers they each intended to hire last year. These figures account for the 53% of managers who don’t plan on making any seasonal hires this year and the 57% of managers who didn’t have recruiting plans in 2008.
Looking back to 2007, the same SnagAJob.com survey reported that each manager reported hiring an average of 5.6 seasonal employees that year (including those who didn’t hire any workers), making this year’s intentions a 45% reduction from previous employment levels.
Among the businesses that do plan to hire this year, each manager intends to hire an average of 6.7 employees, which is 26% fewer than the nine employees that were expected to be hired last year and a 40% drop from the 11.2 employees hired in 2007.
For those who are hired, their opportunities may actually be better than last year, the report said. Hiring managers with available positions expect to pay seasonal employees an average of $10.40 an hour, an increase of $0.40 over last year.
The Federal minimum wage increased in July by $0.70, which likely contributed to this anticipated increase in seasonal pay.
A.C. Moore hopes to ‘craft a better world’
BERLIN, N.J. A.C. Moore announced that it has launched a new initiative called “Crafting a Better World” to give crafters a way to give back to the community.
The initiative kicked off last week in honor of A.C. Moore Arts & Crafts’ 24th anniversary, with a partnership with Boys & Girls Clubs of America, a national network of 4,300 neighborhood-based Boys & Girls Clubs serving more than 4.5 million young people annually through membership and community outreach.
“Crafting a Better World takes our community relations efforts to the next level by adding an ambitious, new program through which we will collaborate with our customers to make a direct impact on the communities in which they live and work,” said Rick Lepley, CEO of A.C. Moore Arts & Crafts. “Our first Crafting a Better World partner, Boys & Girls Clubs of America, is an ideal fit for our company with its emphasis on kids, education and creativity. Our 133 stores will work with their local chapter of that organization to help their customers give back to their own community. As we move forward, we look forward to partnerships with other non-profit organizations throughout the regions we serve.”
During the next five weeks, A.C. Moore Arts & Crafts stores will be hosting crafting parties for participants in local Boys & Girls Clubs. During this same time period, the company is encouraging customers to drop off new or gently used craft supplies at their local A.C. Moore Arts & Crafts for donation to their local Boys & Girls Club. Customers can also add $1 to their bill at check out for donation to Boys & Girls Clubs of America. A.C. Moore will donate an additional $500 to the organization to honor its store which raises the most money.
Family Dollar FY net income up 24.7%
MATTHEWS, N.C. Family Dollar Stores reported that net income per diluted share for the year ended Aug. 29 increased 24.7% to $2.07 compared with $1.66 for the year ended Aug. 30, 2008. Net income for the year increased 25% to $291.3 million compared with net income of $233.1 million for fiscal 2008.
“Despite the challenges resulting from a rapidly changing economic environment, our team has delivered a strong performance this year, driving improvements across most key metrics, including increased customer traffic, operating margin expansion, earnings-per-share growth, greater inventory productivity and higher employee retention,” said Howard Levine, chairman and CEO.
Commenting on the company’s outlook for fiscal 2010, Levine said, “While predicting near-term economic conditions remains difficult, we believe that the current consumer focus on saving money will remain strong in 2010. Our strategy of providing value and convenience positions us well to deliver sustainable growth for our shareholders as the economy stabilizes and improves.”
For fiscal 2010, the company expects net sales will increase 5% to 7% as compared with fiscal 2009. The company expects comparable-store sales will increase 3% to 5% and expects to open approximately 200 new stores.