Walmart (WMT.N) 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.
An employee checks on a Christmas display at a Walmart store in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski/File photosignaled 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.
Stores needing extra hands will offer workers additional hours and hire more as necessary, a spokesperson said on Monday. Walmart, like other retail chains, has been cautious in its holiday season outlook, saying customers are stressed by high food prices, depleted savings and higher interest rates. This could make them hold back on buying top holiday items, like electronics, apparel and home goods, its executives have said.
"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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