GameStop to hire more holiday workers, but for less time

GameStop Corp. said it plans to hire 28,000 seasonal workers for the upcoming holiday shopping season. That represents a 12% increase from the 25,000 it hired a year ago, and a 64% jump from the 17,000 hired in 2013. The seasonal hires will begin on Oct. 18 and run through Jan. 8, which represents a span of 82 days, or 14% less than the 95 days–Oct. 6 through Jan. 9–they were hired for in 2014. The stock has run up 18% year to date, while the SPDR S&P Retail ETF has lost 8.8% and the S&P 500 has shed 8.7%.

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From:: Stock Market News

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