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Tue Jan 15, 2013, 08:00 PM

Wal-Mart plans $50 billion "buy American" push [View all]

Source: Reuters

Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made products over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.

.......

Wal-Mart said the plan to buy more U.S.-made goods is an effort to create U.S. jobs and spur economic growth. Critics countered that the company and other retailers could help the economy by paying better wages and offering workers more regular hours.

.......

The moves received a cool reception from critics who claimed Wal-Mart does not pay its workers enough and slammed the retailer for selling too many goods made in lower-cost countries like China. The company is also under pressure over its sourcing practices, particularly after a deadly fire at a Bangladesh factory that made Wal-Mart clothes.

Wal-Mart's U.S. unit says about two-thirds of the goods it buys for its stores are made, sourced from or grown in the United States, citing data from its suppliers. It did not give a dollar amount for how much it pays for those goods, or what percentage the increased domestic sourcing would bring.

Read more: http://www.reuters.com/article/2013/01/15/us-walmart-us-idUSBRE90E0MB20130115?feedType=nl&feedName=usdai

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Reply Wal-Mart plans $50 billion "buy American" push [View all]
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