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Wal-Mart to boost sourcing from U.S. suppliers

By The Associated Press

This article was published January 15, 2013 at 8:29 a.m.

— Wal-Mart Stores Inc., the world’s largest retailer, says it plans to significantly boost its sourcing from domestic suppliers over the next decade.

The plan is to be announced as part of an address by Bill Simon, president and chief executive officer of Wal-Mart’s U.S. business, at an annual retail industry convention in New York.

The Bentonville-based company says it plans to buy an additional $50 billion in U.S. products over the next 10 years.

According to data from Wal-Mart’s suppliers, items that are made, sourced or grown in the U.S. account for about two-thirds of the company’s spending on products for its U.S. business.

Wal-Mart also said Tuesday that it will hire more than 100,000 veterans over the next five years.

Comments on: Wal-Mart to boost sourcing from U.S. suppliers

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Jackabbott says... January 15, 2013 at 8:48 a.m.

Someone needs to verify these figures because if you go to one of their stores, trying to find a product made in the USA is like trying to find a needle in a haystack.

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XAV8OR says... January 15, 2013 at 9:16 a.m.

To Jackabbott

The same goes for Sears, JCP, Dillards, or any other retail outlet in America.

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