Wal-Mart Reports Record Increase in Business with Minority- and Women-Owned Suppliers
Wal-Mart Reports Record Increase in Business with Minority- and Women-Owned Suppliers Company reports 25 percent increase in spend with minority- and women-owned companies - totaling more than $8 billion. BENTONVILLE, Ark., April 23, 2009 – Wal-Mart Stores Inc. expanded its business with minority- and women- owned companies by more than 25 percent in 2008, according to recently verified figures. In the midst of a struggling economy, where businesses across the country have been forced to close or drastically reduce capacity and workforce, Wal-Mart increased its combined direct and second-tier spend to more than $8.1 billion with minority- and women-owned businesses. Wal-Mart began its supplier diversity program in 1994. Through its mission, Wal-Mart’s supplier diversity team partners with businesses of all sizes, industries and areas of the country. (For examples of suppliers in your area, please see Appendix A in the news release or visit www.walmartstores.com)
