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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
RetailODP

Office Depot to Hire 8,000 Workers for Back-to-School Season

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June 15, 2016, 10:41 AM ET
A customer walks toward the front entrance of an Office Depot retail store in New Albany, Indiana, U.S., on Friday, July 31, 2015. Office Depot's next quarterly earnings are expected to be released on Tuesday August 4, 2015. Photographer: Luke Sharrett/Bloomberg
A customer walks toward the front entrance of an Office Depot retail store in New Albany, Indiana, U.S., on Friday, July 31, 2015. Office Depot's next quarterly earnings are expected to be released on Tuesday August 4, 2015. Photographer: Luke Sharrett/BloombergPhotograph by Luke Sharrett — Bloomberg via Getty Images
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Office Depot (ODP), whose merger with larger rival Staples (SPLS) was scrapped due to antitrust concerns, said it planned to hire 8,000 temporary and full-time workers during the busy back-to-school season.

Office Depot said temporary staffing will rise by a third as it prepares for the increased customer traffic from July through September.

Some of the new hires will help fulfill the “buy online, pick up in store” service that the company offers, Lynn Gross, Office Depot’s vice president of human resources for retail, told Reuters.

Traditional retailers are trying to hold on to their customers by launching new web services as more customers prefer to shop online.

Staples said on Monday that it will launch “Staples Rush,” its same-day delivery service to Staples.com customers in major metropolitan areas across the United States.

Staples is overhauling its business by cutting $300 million in costs and exploring strategic alternatives for its European operations.

Up to Monday’s close, Office Depot stock had fallen about 42 percent this year, while Staples shares had fallen nearly 10 percent.

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