This week, Wal-Mart announced that it: Stepped up charitable giving globally from February 1, 2008 through January 31, 2009 with more than $423 million in cash and in-kind gifts, an $85.6 million increase over its global giving in the previous year. Last year, Wal-Mart and the Wal-Mart Foundation gave millions of dollars to numerous national and local charities including the Institute for Higher Education Policy ($4.1 million), YouthBuild ($5 million), Children’s Miracle Network ($4.7 million), The Salvation Army ($3 million), Special Olympics ($3.6 million), the National Urban League ($1 million) and the National Fish and Wildlife Foundation ($3.4 million).
Other Wal-Mart Facts:
1. Wal-Mart directly employs more than 2 million associates worldwide, including more than 1.4 million in the United States. Through its relationships with 56,000 U.S. suppliers, Wal-Mart spent $200 billion on merchandise in 2007 and indirectly supported more than 3 million American jobs. The 4.4 million Wal-Mart-related jobs represented 3.2% of total U.S. payroll employment in 2007.
2. Wal-Mart is a diverse employer, employing more than 165,000 Hispanics, 251,000 African Americans, 39,000 Asian Americans, 5,000 Pacific Islanders, 16,000 Native Americans, 355,000 associates age 50 or older, and 856,000 women (61% of Wal-Mart's workforce).
3. Wal-Mart insures more than 1.1 million associates and family members making it among the nation’s largest providers of private sector health insurance. 93% of Wal-Mart associates reported having some form of health coverage – either through Wal-Mart or another source.4. Wal-Mart offers the opportunity for a career: More than 75% of Wal-Mart's store managers started as hourly associates.
5. In 2007, independent research from Global Insight shows that the reduction in the price level due to the presence of Wal-Mart translates directly into savings for consumers amounting to $287 billion in 2006. This corresponds to savings of $957 per person and $2,500 per household, regardless of where consumers choose to shop. That is, even consumers who shop at Target, Best Buy or Office Depot save money from the presence of Wal-Mart, due to the competitive pressure of Wal-Mart's "Everyday Low Prices."
Here's a case that Wal-Mart deserves the Nobel Peace Prize.
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