Labor shortage? Not at Target
CNN
A record number of Americans are quitting their jobs and businesses are desperately struggling to fill open positions. Target doesn't have either of those problems.
Target (TGT) said Wednesday that its turnover rate for hourly workers was lower this year compared with 2019, even after accounting for new hires. The retailer is also adding 100,000 new temporary employees to meet holiday shopping demand and offering its existing workforce five million additional hours of work during the busiest stretch of the year.
"The way we achieve our staffing goals is [to] retain the team we have," Target chief operating officer John Mulligan said on an earnings call with analysts Wednesday. The average hours a store employee works is "running significantly higher this year in comparison to past years," he added.
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