UPDATE 3-Wal-Mart plans $50 billion 'buy American' push

Reuters ^ | January 15, 2013

[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.

[jennychase]

It means Walmart suppliers will buy stuff from outside and will paste “Made in America” stickers.

[djf]

http://www.freerepublic.com/focus/f-news/2978297/posts

[Morris70]

Bye bye Dick’s :)

[ImJustAnotherOkie]

They just built a big Dick's store by me.

[gunsequalfreedom]

It means Walmart suppliers will buy stuff from outside and will paste “Made in America” stickers.

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.

[rightwingintelligentsia]

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?

[KC_Lion]

Wal-Mart plans $50 billion 'buy American' push

Lols.

YOU MEAN LIKE THESE!?!?!

[Army Air Corps]

Ping.

[Clock King]

It seems Wal-Mart is getting more and more political.

[djf]

Dunno.

No doubt their pledge to hire veterans will garner them support. And support from veterans is always a good idea.

[Morris70]

We got one near Costco. I move around ,so, no idea how long they’ve been there.

[jboot]

I recall "old" Wal-Mart had signs everywhere touting "Made in America for Americans" and similar slogans. They disappeared concurrent with the introduction of "Low Prices Always" and the flood of disposable Chinese products.

I'd love to see them come back, but it may be too little too late.

[Da Coyote]

This is good.

However.....

If Wal Mart supports even ONE liberal cause, it will undo all good. Liberal equals evil.

Period.

So, get to it, Wal Mart, stop spending any monies on the Obamadork or any of his sleezy causes.

[jboot]

The local Wally World didn't have and ARs or mags, but they had a "tactical" display with Blackhawk products like slings and mag pouches. I got a jammin' one-point sling there.

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...

[DustyMoment]

The moves come as the U.S. economy continues to grow slowly 3-1/2 years after the end of a severe recession.

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!!

[gunsequalfreedom]

Yeah, Walmart pledges to hire veterans...

I'm sure those veterans will appreciate $8.50 an hour and a 29-hour work week.

[Buckeye McFrog]

It seems Wal-Mart is getting more and more political.

Sadly Obama has them right by the shorthairs, and they know it. If he wanted to turn his Labor Dept. loose to go through every store looking for missed timecard punches and writing up a fine for each as "wage theft", he could make life very, very painful for them in a real hurry.

[listenhillary]

Wouldn’t that be amusing if Walmart became the go to place for “Assault weapons” and skids of Ammo?

Why not an Ammo Superstore?