Walmart Continues Push to Stock More ‘Made in USA’ Goods

by William White | October 7, 2013 9:26 am

walmart Walmart Continues Push to Stock More 'Made in USA' Goods[1]Walmart (WMT[2]) is continuing to push its promise to carry more “Made in America” merchandise.

Walmart is expected to announce on Monday that Redman & Associates will open a plant to make battery powered toy cars in Rogers, Ark. next year. The toy cars are large enough for children to drive and are currently being imported from China. Hanna’s Candle, which is also located in Arkansas, has increased its workforce to around 200 people to keep up with candle demands from Walmart. Walmart has already announced plans to offer goods made in the United States that will create more than 1,200 jobs. The retailer has also promised to purchase $50 billion worth of U.S. goods over the next 10 years, which will comes to about $5 billion a year. That covers around 2% of what Walmart spends per year on merchandise at  American stores. The company has said that is won’t purchase U.S. goods if it results in higher prices, reports The Wall Street Journal[3].

Walmart held its first[4] U.S. Manufacturing Summit in Orlando in August. The summit was meant to get people thinking of ways to return jobs to the United States. The company tried a similar push in the mid-1990′s, but it failed.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/02/walmart.jpg
  2. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  3. The Wall Street Journal: http://online.wsj.com/article/SB10001424052702303492504579115783923496354.html
  4. its first: http://investorplace.com/2013/08/walmart-attempts-to-bring-manufacturing-jobs-back-to-america/

Source URL: http://investorplace.com/2013/10/walmart-continues-push-to-stock-more-made-in-usa-goods/
Short URL: http://invstplc.com/1fteDmW