As announced in January, retail giant
Wal-Mart Stores Inc.
) has planned to hire more than 100,000 veterans over the next
five years. In order to implement its plan, Walmart has launched
the 'Veterans Welcome Home Commitment', wherein Walmart will
provide jobs to veterans who had been honorably discharged from
service in the first 12 months off active duty. These veterans
had served in Afghanistan and Iraq and have had a difficult time
finding work after returning from duty.
Being the largest private employer in the U.S., Walmart,
through this initiative, will offer jobs mostly in its stores,
either in Sam's Club locations, in its Arkansas-based
headquarters, or in the company's distribution centers.
Apart from hiring veterans, Walmart has committed $20 million
through 2015 to provide job training, education and transition
support to veterans and their families from the military to the
This commitment to help veterans shows Walmart's dedication
and leadership position to find innovative solutions to fix
unemployment issues. Besides hiring veterans, Walmart also took
an initiative in late-Jan 2013 to contribute to the
revitalization of the sluggish U.S. economy and intends to spend
$50 billion in the next 10 years to buy more American
merchandise. Through this initiative, the company expects to
focus on boosting the sports goods, fashion basics, storage
products, games and paper products categories. Walmart's
contribution toward sourcing U.S. items is likely to benefit the
economy in the coming years.
Walmart currently carries a Zacks Rank #3 (Hold). However,
other stocks in the retail supermarket industry, which are
attractive for investment include
The Kroger Co.
Etablissements Delhaize Fr
Harris Teeter Supermarkets, Inc.
) all of them carrying a Zacks Rank #2 (Buy).
DELHAIZE-LE (DEG): Free Stock Analysis Report
HARRIS TEETER (HTSI): Free Stock Analysis
KROGER CO (KR): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis
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