But a big reason Walmart opts to close on Christmas Day boils down to employee morale. When workers are happy, it tends to lead to a more positive customer experience. That’s what Walmart wants. So it’s willing to forgo a day of profits during the year if it means ensuring that workers are content.

The holiday rush can make it easy to overlook important safety alerts. Walmart has issued several food recalls recently — here’s a roundup of what you need to know to keep your celebrations safe.

Bill Simon, former Walmart U.S. CEO and Michael Baker, DA Davidson retail analyst, joins 'Squawk on the Street' to discuss the retail stocks to favor this holiday season.