Wal-Mart to hire 50,000 for holiday season

Daniel Aguilar/Getty Images

(AP) NEW YORK - Wal-Mart Stores (WMT) said Friday it expects to hire more than 50,000 people this holiday season and will be offering more hours to its existing employees.

The world's largest retailer, based in Bentonville, Ark., said that this year's seasonal hiring will be up slightly from last year, though it declined to give a precise figure for increase.

The discounter operates more than 4,000 stores in the U.S. and employs about 1.4 million people nationwide. It is the nation's largest private employer.

Kohl's plans holiday hiring spree
Wal-Mart to stop selling Amazon.com Kindles
Wal-Mart, Toys R Us slash costs of layaway plans

The news follows Kohl's (KSS) announcement Tuesday that it will be hiring more than 52,700 people, up more than 10 percent from last year.

Kohl's, based in Menomonee Falls, Wis., operates 1,146 stores in 49 states. It also expects to hire 5,700 people for jobs at its distribution centers and 30 people for seasonal positions in its credit operations business. As of January, Kohl's had about 30,000 full-time and 112,000 part-time associates.

Analysts study the holiday hiring figures from Wal-Mart and other merchants for clues about overall employment trends and sales expectations for the holiday season, the most important period of the year for retailers.

Stores typically begin to hire for the holidays in mid-September and ramp up hiring in mid-October.



Live Video

Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

Market News

Stock Watchlist

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App