Page 25 - Aruba Today
P. 25
BUSINESS A25
Tuesday 22 September 2015
Macy’s plans to add 85K seasonal holiday hiring workers
NEW YORK (AP) — Macy’s meet increased demand. line fulfillment centers na- customer service centers. ers, up from 67,000 in the
Inc. plans to hire about The pace of hiring at a re- tionwide. More than 1,000 people will 2014 holiday season. Toys R
85,000 seasonal workers tailer can serve as an indi- Specifically, about 12,000 be hired across the country Us plans to hire 40,000 peo-
for temporary jobs ahead cator of expectations for of the 85,000 total seasonal to support the 88th annual ple to work at stores and
of the holidays to meet ex- the holiday shopping sea- positions will be based in di- Macy’s Thanksgiving Day distribution centers around
pected higher demand. son, which accounts for 20 rect-to-consumer fulfillment Parade, Santalands and the country, which is down
That is about the same as a percent of the industry’s facilities that support sales other iconic holiday events. from 45,000 last holiday
year ago. annual sales, according to generated by the com- Cincinnati, Ohio-based season.
The announcement comes the National Retail Federa- pany’s omnichannel busi- Macy’s employs about Shares of Macy’s rose 5
as other retailers announce tion. ness strategy. 166,900 people on a year- cents to $54.11 in midday
their hiring plans ahead of The positions will be filled About 1,600 people will round basis. trading Monday. Its shares
the holiday season. Many at Macy’s and Blooming- be hired to interact with Elsewhere, retailer Kohl’s are down almost 10 per-
companies boost their dale’s stores, call centers, customers via telephone, Corp. has said it expects to cent over the past year.q
workforces temporarily to distribution centers and on- email and online chat at hire more than 69,000 work-
Smartphone maker HTC booted out of blue chip index
RALPH JENNINGS Used HTC smartphones sit on display in a phone shop in Taipei, Taiwan, Monday, Sept. 21, 2015. based consultancy Inter-
Associated Press Taiwan’s stock exchange has removed smartphone maker HTC from its index of blue chip com- brand ranked HTC as the
TAIPEI, Taiwan (AP) — Tai- panies, signposting the dramatic decline of a business that once ranked as Taiwan’s No. 1 brand No. 98 brand worldwide.
wan’s stock exchange and dazzled consumers with some of the world’s first Android handsets. That laurel cast the compa-
has removed smartphone ny whose initials stand for
maker HTC from its index (AP Photo/Wally Santana) “high tech computer” as a
of blue chip companies, model for an island depen-
signposting the dramatic and Chinese makers such viser with Hong Kong invest- working on feature phones dent for decades on high-
decline of a business that as Xiaomi. Last month, it an- ment consultancy Peace — the kind with buttons tech contract work but
once ranked as Taiwan’s nounced a 15 percent cut Field. rather than touchscreens. with few globally known
No. 1 brand and dazzled in its staff of about 15,700 HTC, an 18-year-old com- Company revenues shot brands of its own.
consumers with some of after a second-quarter loss pany that started out do- up 93 percent in 2010. HTC’s decline began as
the world’s first Android of $247 million. ing contract work for other By early 2011 those hand- the number of smartphone
handsets. “They made a lot of mis- high-tech firms, came out sets, backed by a reputa- vendors surged along
The exchange removed steps, but they were also with its HTC Magic phone tion for lightness and tech- with total shipments that
HTC from its FTSE TWSE Tai- caught in the crosshairs of in 2008. nical quality, had taken reached 1.2 billion units last
wan 50 index on Mon- a shift to commoditization It ran on Google’s Android HTC to its world market year, up 28 percent over
day after the company’s of the market,” said John operating system when share peak of 10.7 percent. 2013.
market value declined Brebeck, senior Taipei ad- other vendors were still That year the New York- Samsung and Apple cap-
below the level required tured the United States
for inclusion in the market through sales contracts
benchmark. The index lists with wireless carriers while
Taiwan’s 50 biggest com- local Chinese brands such
panies which together rep- as Lenovo and Xiaomi led
resent 70 percent of the in China as HTC was try-
market’s value. ing to establish a custom-
It’s a humbling comedown er base. Its world market
for a company that once share is estimated now at 3
sold more than 1 in 10 of to 4 percent.
phones worldwide, re- HTC attributes its losses to
ceived plaudits for innova- slowing use of high-end
tion and represented Tai- Android phones, changes
wan’s ambitions to spawn in its product lineup and in-
its own globally recognized creased competition.
electronics brands. It will keep working on high-
In the past several years, end handsets along with
HTC has struggled because connected devices and
of marketing and supply “virtual reality,” the com-
chain glitches as well as in- pany’s media office said
tense competition from Ap- last week. q
ple, Samsung Electronics
Lennar 3Q results top Street, delivers more homes
MIAMI (AP) — Lennar’s fis- has improved home sales for the period ended Aug. Miami company totaled kets continued to have sig-
cal third-quarter results this year. As the recovery 31. That compares with $2.49 billion, also beating nificant pent-up demand,
beat analysts’ estimates from the Great Recession $177.8 million, or 78 cents Street forecasts. Three ana- which positions us well for
as it delivered more homes enters its seventh year, per share, a year earlier. lysts surveyed by Zacks ex- years to come,” CEO Stuart
and saw a rise in new or- more Americans have The results topped Wall pected $2.42 billion. Len- Miller said in a written state-
ders thanks to an improving rebuilt their savings, in- Street expectations. The nar Corp. said that deliv- ment on Monday. Its shares
housing market. Its shares creased their home equity average estimate of nine eries climbed 16 percent rose $1.37, or 2.6 percent,
rose more than 2 percent in and returned to the real es- analysts surveyed by Zacks in the quarter, and new to $53.12 in morning trading
morning trading Monday. tate market. Investment Research was orders increased 10 per- Monday. Its shares have ris-
Steady job growth coupled Lennar earned $223.3 mil- for earnings of 79 cents cent to 6,495 homes. The en almost 29 percent over
with low mortgage rates lion, or 96 cents per share, per share. Revenue for the new home and rental mar- the past year. q
