Skip to comments.UPDATE 3-Wal-Mart plans $50 billion 'buy American' push
Posted on 01/15/2013 10:14:43 AM PST by rightwingintelligentsia
NEW YORK, Jan 15 (Reuters) - Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made goods 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, the largest private employer in the United States and the world's largest retailer, also said on Tuesday it plans to hire 100,000 newly discharged veterans over the next five years, at a time when the U.S. unemployment rate is at 7.8 percent.
The moves come as the U.S. economy continues to grow slowly 3-1/2 years after the end of a severe recession. An average of $5 billion a year in spending is a drop in the bucket for the $15 trillion U.S. economy, and the question is how many other retailers could do the same.
(Excerpt) Read more at reuters.com ...
It means Walmart suppliers will buy stuff from outside and will paste “Made in America” stickers.
Bye bye Dick’s :)
They may buy the compenents overseas and do some assembly in the U.S. but you point is well taken.
Note to any U.S. manufacturers thinking of producing for Walmart: Make sure you do not allow them to be more than 15% of your production volume and plan for Walmart to dump you as a supplier within two years.
Yeah, Walmart pledges to hire veterans and incrase their inventory of American-made goods, announced in the same day.
I wonder what kind of pressure they’re under? Is it because of the gun debacle?
YOU MEAN LIKE THESE!?!?!
It seems Wal-Mart is getting more and more political.
No doubt their pledge to hire veterans will garner them support. And support from veterans is always a good idea.
We got one near Costco. I move around ,so, no idea how long they’ve been there.
I'd love to see them come back, but it may be too little too late.
This is good.
If Wal Mart supports even ONE liberal cause, it will undo all good. Liberal equals evil.
So, get to it, Wal Mart, stop spending any monies on the Obamadork or any of his sleezy causes.
I haven't been in since the Great Mandatory National Navel Gaze that started last month, so no telling if it is still there. The "Tactical" aisle at Bass Pro Shops is still there, but is mostly empty...
Considering that this is a "rooters" article, that's mild bias.
It is interesting, however, to see that, with Walmart, the past is prologue. Many years ago, their claim to fame was their supply of "Made in America" goods that typically turned out to be gardening gloves.
I agree with another poster - Walmart will probably continue to purchase goods offshore (China) and slap a "Made in America" label on them.
IOW, ignore that man behind the curtain!!
I'm sure those veterans will appreciate $8.50 an hour and a 29-hour work week.
Wouldn’t that be amusing if Walmart became the go to place for “Assault weapons” and skids of Ammo?
Why not an Ammo Superstore?
First the announcement about hiring Veterans, now the announcement about buying $50 billion of goods ostensibly made in the USA. Color me concerned because my fear is that WalMart is seeming working overtime to stir up Red State support. I really have to wonder of they have capitulated to the Tyrant Obama and agreed to no longer sell guns or ammo once their stock is depleted.
You will recall that very early on Tyrant Obama said that one of his goals was to co-opt retailers like WalMart in his war on the 2nd Amendment.
I hope I am proven wrong, but at this point, I doubt it.
And the Firearm area looked like it had been picked over by Coyotes.
They had NOTHING! Oh sure they had those Super Expensive Shotguns, some .17 HMR ammo and some wired caliber I had never heard of before, 227 or something.
They had some 5.56 ammo going out the door as I was coming in and it was like 10 Rounds per box at 17.00 bucks a pop, Made in Israel.
That surprised even me, most of their display areas were empty. Normally they keep them pretty full no matter what, not now.
Where they normally keep the AR-Style weapons they had a Bulletin that said "We are not currently taking rain checks for AR Rifles, it is unknown when we will restock. Manufactures cannot keep up with demand. Thank You"
All I can say is WOW!
I remember when another W tried that for one of his speeches and got caught.
Sounds like more PR spin....Wal Mart has for years forced manufacturers to go to Communist China...or they will not do business with them...Lasko Mfg is a famous Wal Mart/Chi Com victim
Wal Mart is too Free Trade Communist to stop using Communist China. Until pro American tariffs are re introduced...there is no incentive for Wal Mart to get off the Communist Chinese teat
exactly. why doesn’t MSM call out this BS? Everyone knows walmart buys the bulk of its products from chinese slave labor factories.
The fact that the enemy feels forced to plead with retailers to stop selling guns and ammo is telling. The numbers must be astonishing.
I’m note sure where the WM is no longer buying ammo guns thing came from, but I read somewhere that someone who works in the distribution area that they are still ordering ammo, but can’t get enough.
Ruger American rifles: “Amazing, Repeatable And Confidence Building Performance. The thought of a rifle completely built in America, by Americans is always appealing. When Ruger set out to design and build...”
“They just built a big Dick’s store by me.”
I think I saw it the other day. Isn’t it right next to the U-Scrotem?
What I *means* to say—ah say, ah say—Ain’t it right next to the U-Totem?
Yeah, and the CEO said they will continue to sell firearms and ammo. It’s really hard to sell something that you don’t put on the shelves. The local Walmarts haven’t had new shipments of ammo in over two months. And they don’t know when they will get some more.
BTW, I ran into an old co-worker who was buying .22’s; but didn’t know the difference between .22Shorts, LR or WMR. Obviously, a newbie in need of a training course.
I remember when I first got out of the Navy (1992) and moved back to Texas from So. California the Wal-Marts were very “Pro-American”, and had “MADE IN THE USA” signs up all over, etc. Of course, that was before the SuperCenter 24 Hrs extravaganzas, too.
$5 billion a year in US made goods is barely a blip on their bank accounts because Walmart does nearly $1 billion A DAY in business.
It means Walmart suppliers will buy stuff from outside and will paste Made in America stickers.
I would not put it past them. Several years ago, I bought something in Walmart that had a “Made in USA” sticker on the outside of the package but a “Made in China” label inside the package. So there will probably be some cheating going on.
Around Christmas time, I bought some premade bows for Christmas wreaths. I try to buy USA goods as much as possible, so I was pleasantly surprised to see a “Made in USA” label. Further inspection, though, showed that it also said “from imported materials”. So, the ribbon was made in China, but the bows were assembled here. Oh, well....
so after enthusiastically participating, sometimes even demanding, the offshoring of U.S. manufacturing to Asia (if you want our giant account YOU WILL move your production to where you can meet our price demands), and then, since 2008 becoming all in for Obama, Walmart what’s to be sure Obama leaves it alone and will try to keep Obama’s favor with it’s “buy America” campaign.
loyal Americans should see the ploy for what it is - pure politics and politics that does not really give a damn about America, unless it’s spelled Amerika.
Be skeptical about the very terse statements from Walmart, and remember its recent meeting. That company is quite government-connected and has indeed been manipulated by socialist political interests in some states (firearms and ammunition selections in some states very limited for years now).
Schumer Calls On WalMart & Other Retailers To Suspend Assault Weapons Sales While Debated In Cong...
(sorry I haven’t been logged on much this week)