Wal-Mart will offer current workers additional hours rather than hire seasonal workers
Wal-Mart Stores Inc. (WMT) said Wednesday that it will offer extra hours to existing workers rather than hiring thousands of seasonal workers, which is what the retail giant did last year. Thousands of the company's workers have completed Wal-Mart's training programs, "which prepares them to more effectively serve customers, especially during this busy season," said Walmart U.S. Chief Operating Officer Judith McKenna in a statement posted on the company website. The company will also bring back its Holiday Helpers, who guide shoppers to the fastest checkout lines and grab forgotten items to add to baskets. So far Macy's Inc. (M) and Target Corp. (TGT)are among the retailers (http://www.marketwatch.com/story/retailers-are-hiring-way-more-seasonal-workers-for-the-holidays-this-year-2017-09-14) that have announced their holiday hiring plans, with tens of thousands of seasonal workers expected to be added. Wal-Mart shares are nearly flat in Wednesday trading, and up 16% for the year so far. The S&P 500 index is up nearly 12% for 2017 to date, and the Dow Jones Industrial Average is up 13.2% for the period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
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