Tuesday, December 10, 2013

Walmart Buys American

Walmart, which centers its business on inexpensive items, started a program this year to increase its purchasing of American-made goods by $50 billion over the next 10 years. The company says that more than 150 projects are under way, with products ranging from socks to flat-screen TVs.

Of course, Walmart has an advantage that few other retailers can match: Because of its scale, it can pressure suppliers on cost.