- Amazon.com, Inc. (NASDAQ: AMZN) had recently announced plans to hire 150,000 seasonal jobs across the US.
- Target Corporation (NYSE: TGT) has expanded its partnership with LEGO for a limited-edition collection under US$30.0, ahead of the holiday season.
- Williams-Sonoma, Inc. (NYSE: WSM) announced this month to double its investment in Fair Trade USA programs by 2025 and made new investments in Nest Ethical Handcraft products. In addition, the company is going ex-dividend on Oct 21, 2021.
Top retailers from Amazon.com, Inc. to Target Corporation (NYSE: TGT) are getting ready to capitalize on an estimated US$1.3 trillion in holiday sales in the US in the next three months.
Reuters citing a Deloitte study said that many retailers are currently trying to ramp up their inventories and fix labor issues ahead of the busy sales season.
According to the study, they are even pushing shoppers to order in advance to avoid delivery delays, supply chain challenges, or out-of-stock situations.
The study noted that besides supply issues, staff shortage could potentially become a major dampener during the companies' most anticipated holiday sales season if not addressed.
Here we explore four such stocks that are ramping up supplies to make the most of the festive season.
Amazon.com, Inc. (NASDAQ: AMZN)
Amazon has announced hiring for 150,000 seasonal jobs across the US. The employees will have the option to work for the company long-term as part of the offer. It has set the average salary for seasonal roles at US$18 per hour with an additional US$3 per hour depending on the shifts and locations and a sign-on bonus of up to US$3000 based on the work volume.
Importantly, these seasonal hirings are in addition to the earlier announced 40,000 corporate and tech jobs and 125,000 fulfilment and transportation jobs on a full-time and part-time basis.
The stock closed at US$3409.02 on Oct 15, 2021, with a trading volume of 5,179,941. Amazon’s current market capitalization is US$1.72 trillion, and the P/E ratio is 59.42.
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Target Corporation (NYSE: TGT)
The general merchandise retailer serves customers at more than 1,900 stores. It has been sharing 5% of its profit for community work since 1946.
The Minneapolis, Minnesota-based company announced last Friday to expand its partnership with LEGO for limited-edition home items, toys, gifts, pet products, apparel, accessories, and other household goods ahead of the holiday season.
The items will be in the range of US$1.50 to US$120.0, but most of the things will be within US$30. The items will be available on the website and stores with various purchase options like contactless delivery, drive up, or order pickup services.
The stock closed at US$245.71 with a trading volume of 3,626,894 on Oct 15.
Williams-Sonoma, Inc. (DE) (NYSE: WSM)
In October, the sustainable design-centric home retailer company has announced to double its investment in Fair Trade USA programs by 2025 and made new investments in Nest Ethical Handcraft products. It has a vast portfolio that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids & Pottery Barn Teen, etc.
The company is going ex-dividend on Oct 21, 2021. It is expected to pay a dividend of US$0.71 on Nov 26. The stock closed at US$182.26 on Oct 15, with a trading volume of 658,621.
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Ulta Beauty, Inc. (NASDAQ: ULTA)
The Bolingbrook, Illinois-based, specialized beauty retailer, offers various products and services and operates over 1,250 retail stores in about 50 states.
The products are also available on the company’s website. In addition, it will host the virtual analyst and investor conference on Oct 19, in which ULTA leadership will discuss its strategic requirement and long-term growth.
The stock closed at US$405.72 on Oct 15 with a share volume of 670,609.
In line with the positive trends in the market, the Dow Jones US General Retailers Total Stock Market Index (DWCRTS) gave a 12.64% return YTD and a 1.83% return in one month. However, investors should look into the company details carefully before investing in stocks.