Walmart to Boost U.S. Product Sourcing
January 15, 2013,
NEW YORK-Walmart and Sam's Club will buy an additional $50 billion in products made in the United States over the next 10 years, according to Bill Simon, president and CEO of Walmart U.S.
Speaking at the National Retail Federation's Big Show here, Simon said the company will increase its domestic sourcing on two fronts: by helping manufacturers of home goods such as textiles, furniture and higher-end appliances to boost their U.S. production, and by increasing what it already buys here in categories such as sporting goods, apparel basics, storage products, games and paper products. "We are meeting with our suppliers on domestic manufacturing and are making a strong commitment to move this forward," he said.
Simon also said Walmart has begun efforts to help veterans find jobs when they come off active duty and to help its part-time associates make the transition to becoming full-time employees. The company will offer a job to any honorably discharged veteran in his or her first 12 months of active duty beginning this coming Memorial Day, and expects to hire more than 100,000 veterans over the next five years.
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.