- July 2, 2021
- Posted by: Stratford Team
- Category: Business
FOX Business host Stuart Varney says workers now have leverage as the ‘quit rate’ is at the highest level since 2000.
Americans are quitting their jobs at a record pace — except for the ones who work at Target.
Ticker Security Last Change Change %TGT TARGET CORP. 246.58 +3.11 +1.28%
The general merchandise retailer is seeing a drop in employee turnover across all team members and about 30% of holiday hires are sticking around, according to people familiar with the trends.
“Turnover is down significantly relative to 2019. So we feel really good about where our store is at. And as turnover decreases, you get so many benefits, we get team members that know their job. We get team members that know their guests that are in their stores because they are in their weekly. They can engage with them” noted John Mulligan, Target’s Chief Operating Officer during the company’s recent earnings call.
A Target cashier rings up customers at a Target…
