By Jessica Wohl
(Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) said on Monday it plans to hire 55,000 temporary staff to work at its Walmart U.S. stores during the holiday season, up roughly 10 percent from 2012, as it gears up for a competitive winter.
Consumers remained cautious amid a slow economic recovery. Also, more shopping online has been drawing sales from traditional stores.
Sept 17 (Reuters) – Sales at U.S. stores are expected to
climb less this holiday season than in recent years as consumers
remain cautious during a slow economic recovery, a forecast
released Tuesday by research firm ShopperTrak showed.
Sales are forecast to rise only 2.4 percent in November and
December compared with increases of 3 percent in 2012, 4 percent
in 2011 and 3.8 percent in 2010.
NEW YORK (Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) expects competition in the toy aisles to be so tough this holiday season that it has turned to the experts in the field: kids.
The largest U.S. retailer brought in more than 1,000 kids earlier this year to test toys and rank their favorites, Walmart U.S. CEO Bill Simon told Reuters on Wednesday. He said the toys category is likely to be the one that sees the biggest pricing pressure this holiday season.
NEW YORK (Reuters) – U.S. consumers are ready to shop this Halloween, Thanksgiving and Christmas as they “find a way to navigate” through a continued difficult economy, Walmart U.S. Chief Executive Bill Simon said on Wednesday.
While the 2 percent payroll tax increase and other concerns cause people “to pause and think about what they’re spending,” Simon continues “to be amazed by the resilience of the consumer,” the head of the largest U.S. retailer said at the Reuters Global Consumer and Retail Summit in New York.