NRF SAYS CONSUMERS PLANNING TO SPRING INTO RETAIL SPENDING ON ST. PATTY’S DAY AND EASTER

With two big spring holidays upon us in March, the National Retail Federation reports that consumer spending appears to be on the rise. The NRF conducted two consumer surveys that indicate that trend is coming. According to its annual St. Patrick’s Day Spending Survey, over 125 million Americans will spend $4.4 billion on today’s holiday. 56.5% of those celebrating will purchase food and beverages, 28% will buy apparel or accessories, 23.3% will buy decorations and 17.2% will buy candy.

According to the NRF Easter Spending Survey, consumers plan to shop at 13-year high levels. The holiday is expected to reach spending of $17.3 billion. Half of that spending will be on clothing, gifts and flowers. “Retailers are beginning one of their busiest times of year and are more than ready as consumers shop for Spring essentials, “NRF President and CEO Matthew Shay said.

58.4% of shoppers will head to discount stores, followed by 41.4% in department stores. Online shoppers grows to 21.4%, up from 18.8% last year.

Source: National Retail Federation

Lowe's Gears Up for Spring - Plans to Hire 30,000 Employees

Lowe’s has announced plans to hire 30,000 employees in its US stores for Spring 2015. These seasonal jobs will be focused on customer service, and most employees will work 20 or more hours per week. The company is hiring and training new employees on a market-by-market basis. Hiring has already begun in the warmer climate states of Florida, California, Texas and Arizona.

 "As spring arrives, our stores are stocked with products homeowners use for their indoor and outdoor projects. To help make shopping and selection easier, we want our stores staffed with knowledgeable employees who'll provide exceptional service for customers," said Scott Purvis, Lowe's vice president of human resources operations.

 Home Depot hired 80,000 seasonal workers in winter/spring 2014, and analysts predict to see Home Depot follow Lowe’s with its own hiring uptick this year.

 Lowe’s has more than 1,800 home improvement stores.

Resource: Retailing Today