Wal-Mart Stores Inc., the world’s largest retailer, plans to increase its work force by 36 percent in the next five years as it expands its presence in global markets.
New employees will be hired “mostly” outside the U.S., Susan Chambers, executive vice president for human resources, said in a speech at a conference in New Delhi Thursday.
Wal-Mart plans to have 3 million workers in five years, up from 2.2 million now, Chambers said. Overseas sales for the world’s largest listed company by revenue have grown 91 percent in the last five years to $100.1 billion, almost triple the pace in the U.S., according to data compiled by Bloomberg.
The Bentonville-based retailer is boosting overseas expansion to offset slowing growth in the U.S., where same-store sales, which strip out the effects of new outlets, have fallen for five consecutive quarters.
Read tomorrow's Arkansas Democrat-Gazette for full details.
Thank you for coming to the Web site of the Arkansas Democrat-Gazette. We're working to keep you informed with the latest breaking news.