NEW YORK CITY - Walmart committed to increase furniture and other goods from U.S. domestic sources.
Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years, said U.S. President and CEO Bill Simon
Speaking at the National Retail Federation's annual BIG Show, Simon said Walmart will grow U.S. manufacturing on two fronts: by helping to onshore U.S. production in high potential areas like furniture and higher-end appliances, and by increasing what it already buys in the U.S. in c 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," said Simon, who characterized the move as a response to what is "at the heart of our national political conversation today is one issue: creating jobs to grow the economy,"
"We can do so much more by working in partnership – as an industry and with governments," said Simon. Walmart will help convene a manufacturing summit this summer to advance the effort. A Walmart statement said items that are made, sourced, or grown in the U.S. account for about two-thirds of what the company spends to buy products at Walmart U.S.
Walmart also said it will offer a job to any honorably discharged veteran in their 12 months off active duty. The company says it expects to hire 100,000 people under the progam within five years. Walmart employs 2.2 million in 10,400 sores in 27 countires. 2012 sales were $444 billion.
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