J C Penney Company Inc (NYSE:JCP) Offers Expensive Sops to Attract The Talent


J C Penney Company Inc (NYSE:JCP) is offering expensive freebies to hire the talent for the upcoming holiday season. The company is putting in considerable efforts to hire the topnotch professional for its stores nationwide. It has invited applications on Tuesday for the nationwide openings and 8 luck candidates will win expensive prizes such as a trip to Banff, Canada; Miami, or New York City. Each trip is likely to cost $5,000. The new recruits may also win outdoor technology or technology worth thousands of dollars.

Highest Openings for Holiday season

According to Gray & Christmas, a placement firm, seasonal openings for this upcoming holiday season are estimated at 704,000. The department store chain JCPenney is looking to hire 39,000 candidates for this holiday season. The holiday workers just need to walk-in to the interviews and grab an attractive offer.

Other topnotch retailers enticing the new recruits with lucrative offers include Kohl’s Corporation (NYSE:KSS), Macy’s Inc (NYSE:M), and Target Corporation (NYSE:TGT). The seasonal workers can enjoy a 15% discount on shopping at Kohl’s. Macy’s will hire 80,000 holiday season workers. The part-time workers of Macy’s will be eligible for the ‘Path to Growth Incentive Plan’. The store will offer an attractive bonus to the best performing employees.

Vice President (Challenger), Andrew Challenger said there is a great demand for the holiday season. The department stores are offering attractive benefits and compensation to lure the talented seasonal workers. The retailer spending is expected to reach $1.1 trillion (up 5.6% from last year).

Sears Holdings Corp (NASDAQ:SHLD), a bankrupt store, will make a final attempt to keep the Sears and Kmart stores from being liquidated in 2019. It is not the only company facing the struggles.  J C Penney is another store to keep going.

J C Penney needs to make considerable progress during this holiday season. Otherwise, it will risk losing the investor confidence. The store has put in considerable efforts in recent years to come to black and expected to do well in the near future. Every retailer should perform well during this holiday season in view of highly expected consumer spending. The competitors of J C Penney such as Kohl’s and Macy’s are already on the upswing and will perform better.

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