Macy's to Hire 4,000 for 'High-Paying' Jobs in 2012

By RetailFOXBusiness

Macy’s (NYSE:M) plans to hire 4,000 full-time employees this year for “high-paying” jobs, according to a report by Reuters, citing CEO Terry Lundgren.

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The department-store chain needs more buyers for its growing online business and more store managers, Lundgren told fashion students at its flagship store in Manhattan on Friday.

The gathering kicked off a new initiative between New York City and Parsons the New School for Design aimed at recruiting new talent to the industry.

Lundgren called that the jobs at Macy’s “high paying,” according to the report.

Macy’s, which has about 170,000 full-time employees and operates 480 stores and about 40 Bloomingdale’s, hired about the same amount in 2011.

The chief also said sales at the new Bloomingdale’s store in Dubai are back on track after disappointing sales in the first year.

Macy’s, which reports results on Tuesday, told the students that online sales climbed nearly 40% in 2011 and should top $2 billion this year.

Shares of Macy’s were up 2.25% to $36.10 Friday afternoon.

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