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Wal-Mart's Holiday Push

What sluggish retail sales? Wal-Mart Stores, Inc. (NYSE:WMT) plans to hire 55,000 temporary workers for the upcoming holiday season. In addition, the company will turn 35,000 part-time workers into full-time employees.  Maybe Wal-Mart is seeing something we’re not seeing because the retail sector has been terrible lately. Even Wal-Mart missed on second quarter earnings.

With retailers struggling to attract consumers, deep discount maybe a windfall for consumers this holiday season. Discounts can potential drive consumer spending this season. If not, then Wal-Mart is in for a beating.