Dollar Tree to hire more than 25 thousand workers for its stores and distribution centres

In an announcement on Tuesday, Dollar Tree Inc. (NASDAQ: DLTR) said it will hire over 25 thousand workers to meet the increase in demand at its stores and distribution centres in the upcoming holiday season.

Dollar Tree opened less than 1% up on Tuesday and jumped another 1% on market open. Shares of the company are now trading at £69.63 per share. In comparison, the stock had started the year 2020 at a slightly higher £72.28 per share. But in March, the COVID-19 restrictions had made Dollar Tree plummeted to as low as £50.54 per share.

Dollar Tree will create both part-time and full-time positions

Chief Human Resources Officer Betty Click of Dollar Tree commented on the announcement on Tuesday and said:

“Dollar Tree and Family Dollar are excited to bring aboard motivated individuals as we provide our customers with great values this holiday season in convenient, easy to shop locations.”

The owner of Family Dollar also highlighted on Tuesday that it will create both part-time and full-time positions, including cashiers, store managers, and seasonal holiday help at its stores, in line with its annual hiring events.

Other positions to be filled at its distribution centres include equipment operators, order fillers, and warehouse associates. Dollar Tree also attributed the new hiring to the Coronavirus pandemic that it said fuelled online shopping in recent months.

The COVID-19 crisis has so far infected more than 7.6 million people in the United States and caused over 215 thousand deaths. Dollar Tree also expressed plans of resorting to phone interviews this year to ensure social distancing while hiring new workers.

Target Corp to hire seasonal workers for distribution centres

In related news, Target Corp said in September that it will increase its workforce for contactless services by 100% in the holiday season this year. Target’s distribution centres are also likely to hire new seasonal employees in the upcoming weeks.

Dollar Tree’s announcement came a month after it published its earnings report for the fiscal second quarter that highlighted its net income to have climbed to £198.39 million. Dollar Tree’s sales jumped to £4.35 billion in Q2 as it earned 83 pence per share.

At the time of writing, the American chain of discount variety stores is valued at £16.52 billion and has a price to earnings ratio of 24.19.