We are very short of staff and we are not hiring now . Freeze hiring. Why is it and is it a sign of store to be closed?
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I believe there will be a freeze until the third quarter when they'll do a hiring blitz in preparation for the fourth quarter/holiday season. Mark my words....
Almost every company regardless of the industry is on a hiring freeze. All it means is the first quarter earning were bad which justifies a freeze. Every retail place is having a rough time, look at target their price is down as well and it’s not because of the culture garbage being pitched although people like to believe that but it has nothing to do with less people shopping. People are saving for their vacations this summer. Spending will be back in the fall.
Macy’s announced their worst quarterly earnings yesterday.