Walmart Launches Initiative to Empower Women in Business

BENTONVILLE, Ark.-Walmart has begun a program intended to elevate the role of women across its supply chain, called the Global Women's Economic Empowerment Initiative.

Among the five goals of the initiative, which the mass merchant is gearing to achieve by 2016, is to increase sourcing from women-owned businesses and to increase gender diversity among its major suppliers. Over the next five years, Walmart said, it will source $20 billion in products from women-owned vendors in the United States, and double its sourcing from women-owned suppliers internationally. It will also work with professional-service firms and merchandise suppliers with more than $1 billion in sales to increase women and minority representation on Walmart accounts.

The other goals include increasing the skills of women on farms and factories through training, market access and career opportunities; helping women from low-income households through job training and access to higher education; and supporting women's empowerment programs through philanthropic giving, with a goal of more than $100 million in grants from the Walmart Foundation and from Walmart's international businesses.

"We want women to view us as a retailer that is relevant to them and cares about them," said Mike Duke, Walmart president and CEO. "We want them to be leading suppliers, managers and loyal customers."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    ALSO IN THIS ISSUE:

    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.