Hhgregg (HGG) To Deploy 500 Workers For The Holiday Season

With an aim to better serve customers during the busy holiday season, hhgregg, Inc. (NYSE:HGG) intends to employ roughly 500 associates. Candidates have the flexibility to apply by texting “hhgregg” to 51893, after which they will get a message with a link to access hhgregg’s online application.

Employees will be recruited at all of hhgregg’s 220 outlets in 19 states. Improved staffing will aid the company to cater to its customers in a better way during the hectic holidays.

There are also openings at select Fine Lines stores, where customers can avail the best of high-end premium kitchen appliances. The available positions range from entry level to senior management.

Notably, during the holiday season, retailers stay on their toes, flooding the market with offers and promotions. They sweep buyers off their feet with early-hour store openings, huge discounts, promotional strategies, and free shipping on online purchases. Since the season accounts for a sizeable chunk of yearly revenues and profits, retailers grab every opportunity to drive footfall.

Per media reports, other retailers have also announced their hiring plans. Target Corp. (NYSE:TGT) intends to employ 70,000 associates, Macy’s, Inc. (NYSE:M) plans to hire roughly 83,000 workers and Kohl's Corp. (NYSE:KSS) will deploy over 69,000 workers nationwide this holiday season. The recruiting plans of the retailers remain almost unchanged from last year.

Coming back to hhgregg, the company has been undertaking several initiatives to revive its business. It is focusing on driving store traffic, enhancing brand recognition, containing costs and a multi-channel approach. Product innovation, discounts and promotional offers, improvement in home-delivery facilities, store openings and exit from underperforming businesses are some of the measures undertaken by the company to boost sales.

hhgregg carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>