Toys R Us to hire 45,000 workers for holidays

September 28, 2010 3:25:52 PM PDT
Toys R Us announced plans to hire 45-thousand workers for the upcoming and always busy holiday shopping season.

More sales associates. More cashiers. More stock room workers.

"That's a good thing for the 45-thousand workers that are going to be hired by Toys 'R' Us. Everybody shops a little more for the fall and winter season, so that's a good thing," one person said.

The 45-thousand seasonal workers are 10-thousand more than the retailer hired last year. In fact, the holiday hiring effectively doubles the size of the company's U.S. workforce.

"And that's why they're hiring more people - because they are opening more temporary stores for the holidays, which I think is smart because that's when most of their business is done in that holiday timeframe," retail analyst Howard Davidowitz said.

The company based in Wayne, New Jersey is opening additional 600 smaller stores located in malls and shopping centers.

"We're pleased that we can create thousands of new jobs as we double our work force nationwide in preparation for another busy shopping season in our stores," Dan Caspersen, executive vice president of human resources, said in a statement.

Even though the jobs are temporary, Toys R Us says former seasonal and part-time workers have moved into full-time positions with the company.

That's great news for those looking for long-term employment.

However, retail analysts say they don't expect a change in the high-level of unemployment.

"I see things getting worse in the economy. I see unemployment going up. I don't read this as any impact on the total economy and I think the retail holiday season will be weak," Davidowitz said.

Existing workers will have the chance to pick up overtime at their current locations or alternate stores.

Toys R Us purchased the assets of high-end retailer FAO Schwarz after it filed for bankruptcy protection in 2009.

The company announced in late May that it plans to go public again by raising as much as $800 million in an initial public offering that would be one of the biggest retail IPOs in years.