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The Home Depot, Inc (NYSE:HD) Not Faltering On Spring Hiring

Boston, MA 02/12/2014 (wallstreetpr) – The largest United States home-improvement retailer, The Home Depot, Inc (NYSE:HD), plans on adding the very same number of part-time-workers for the company’s busiest sales season just in the manner that it did last year. There has been a rise in the demand for home improvement products and the company wants to cash in on the trend. Over 80,000 temporary employees are now going to be hired in preparation for the spring. This is the season when Americans tend to spend a little more and renovate and remodel their homes said the company’s VP of human resources, Tim Crow.

Spring or Christmas?

He said that this number matches up with the number of seasonal hires that The Home Depot, Inc (NYSE:HD) had made in 2013 as well as in 2012. He added that for them, Spring is like Christmas. The winter has been very severe this year and everyone is craving to get outdoors. The Home Depot, Inc (NYSE:HD) has around 2,000 stores in the country and is now adding these seasonal workers as it profits from the booming home values in the last 2 years that have now been a bright spot for homeowners who are willing to spend more on redecorating their homes.

Business is brisk

The Home Depot, Inc (NYSE:HD)’s sales climbed 9.4% to $79.4B in the 12 months right through 3 November. Over the past 12 months, the company’s stock has climbed 16% in comparison with the 20% rise in the S&P 500 Index. The country-wide median price for any existing single-family home climbed 10.1% to $196,900 in the Q4 from the previous year said the National Association of Realtors. The Home Depot, Inc (NYSE:HD) is adding these workers to operate the cash registers as well as to help customers in the company’s garden centers. These additional workers will also help customers on the sales floor, said Crow.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).



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