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Wal-Mart Stores Inc. Message Board

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  • madmilker70 madmilker70 May 18, 2008 5:36 PM Flag

    Wal-Mart saves families $2500 per year. The reason

    <<<<In 1985, Wal-Mart launched a popular and well-publicized “Buy American” campaign,
    pledging to “buy American whenever we can” and to pay up to a 5% premium for U.S.-
    made goods (Zellner, 1992). In late 1992, however, Dateline NBC aired a segment charging
    Wal-Mart with producing private-label clothes in Bangladesh, smuggling Chinese garments
    into the U.S. in excess of U.S. quotas, and placing imported clothes on racks marked “Made
    5Includes Sam’s Club sales.
    6The share of sales due to groceries has been reported since 1997 in Wal-Mart’s 10-K filings; pre-1997
    figures are imputed. Groceries are just the latest product line to be added by Wal-Mart, after pharmaceuticals,
    auto services, and others. See Basker, Klimek, and Van (2008) for details. For a general discussion of
    Wal-Mart’s advantages and economic impact, see Basker (2007).
    in the USA” (Gladstone, 1992).7 References to the “Buy American” campaign disappeared
    from both the popular press and Wal-Mart’s publications by early 1993.8>>>>>>>

    Social Science Research Network.....

    support your around!
    buy American made!

    this company "makes" the nice peolpe of China support their Country and that keeps the yuan strong....

    quote***In China, as elsewhere, we follow the Wal-Mart tradition of building our business one store and one customer at a time. We strive to provide our customers with friendly service and a wide selection of quality products at Every Day Low Prices. With each Wal-Mart store we bring advanced retail know-how to the local market. By fostering a healthy, competitive environment, we hope to constantly improve our business operations and customer service in order to contribute to the prosperity of the local economy.

    Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China. At Wal-Mart, we always work with our suppliers to grow together. In August 2007, Wal-Mart once again secured the top spot of the 2007 Supplier Satisfaction Survey conducted by Business Information of Shanghai. Additionally, Wal-Mart directly exports about US$9 billion from China every year. The export volume by third party suppliers is also estimated to be over US$9 billion.***end quote!

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