Walmart staffed up for holidays; US retailers cautious about economy
© Reuters. An employee checks on a Christmas display at a Walmart store in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski/File photo) signaled it has enough staff for the holidays, in another sign that top U.S. retailers, fearing a seasonal shopping slowdown, are holding off on the typical hiring sprees for the peak period.
The holiday shopping season traditionally begins on the day after Thanksgiving, which falls on Nov. 23 this year, and ends on Christmas, but has been starting earlier every year. The period accounts for more than a third of annual income for most U.S. retailers. "There's a bigger push for referrals in the retail market than there was previously versus just putting all the money into advertising."
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