Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Wal-Mart To Add 10,000 Jobs in U.S.

Published 01/23/2017, 01:28 PM
Updated 07/09/2023, 06:31 AM

In a move expected to provide a healthy boost to the retail sector of the economy, Wal-Mart (NYSE:WMT) announced that it will add approximately 10,000 new jobs at its stores throughout the United States.

The 10,000 new retail positions will be added as a result of the company’s plans to expand or remodel some current stores while opening new locations. Wal-Mart will also be enhancing services in the online commerce area.

Besides in-store retail jobs, Wal-Mart will also be hiring workers in online grocery ordering and instructors at its employee training facilities. In a recent financial filing, the chain announced that its online sales are on the upswing. The company also stated that profits are beating Wall Street analysts’ projections.

Wal-Mart, based in Bentonville, Arkansas, announced that the hiring plan in retail will complement an anticipated 24,000 new jobs in construction.

The hiring spree reflects a consistent trend of expansion that Wal-Mart has undergone in recent years. When announcing the 10,000 new retail jobs, a spokesman for Wal-Mart pointed out that the company has added about the same number of jobs annually for the past several years.

Wal-Mart’s plan for the new jobs was the latest in a series of positive proclamations from the company. Wal-Mart earlier announced a strategy to devote $6.8 billion to capital investments in the next fiscal year. Wal-Mart is in the midst of a $250 billion effort to source and assemble more American-made products to sell in its stores. The company also announced that its nonprofit division will offer six university grants dedicated to studying innovations in the textile business.

Wal-Mart was one of several major U.S. firms to unveil expansion plans recently. General Motors (NYSE:GM) announced that it will hire thousands of people for white-collar positions, and online retailer Amazon (NASDAQ:AMZN) announced that it will be hiring 100,000 full-time employees in the next 18 months.

With more than 11,000 locations in 28 nations, Wal-Mart is the largest traditional retail company in the world. The company has more than 2.3 million employees throughout the world, including 1.5 million workers in the United States.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.