Wal-Mart, the world’s largest retailer and nation’s largest private employer, is making a pledge to boost its sourcing from domestic suppliers and hire more than 100,000 veterans.
The plans were to be announced as part of an address by Bill Simon, president and CEO of Wal-Mart’s U.S. business, at an annual retail industry convention in New York.
The company, based in Bentonville, Ark., 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.
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