WalMart Stores Inc. said it's still pulling shoppers away from its main rivals and enjoying a rise in customer traffic as the world's largest retailer released better-than-expected fourth-quarter earnings Tuesday.
Still, WalMart is hardly immune from economic pressures. It issued a cautious earnings outlook as it feels the pinch from the stronger dollar in its international business, a trend officials said could hurt profits over the next three quarters.
Profit fell 7.4 percent to $3.79 billion, or 96 cents per share, in the quarter ended Jan. 31, dragged down by the strengthening dollar and a charge from settling labor lawsuits. That compares with $4.096 billion, or $1.02 per share, a year earlier.
Analysts expected 99 cents per share, excluding the after-tax charge for the settlement announced in December of 63 class-action wage and hour lawsuits. Excluding that, Wal-Mart earned $1.03 per share, which beat Wall Street estimates.
Total sales rose to $109.12 billion from $107.34 billion. Sales at stores open at least a year, a key indicator of a retailer's health, rose 2.8 percent in the quarter.
WalMart's U.S. sales rose 6 percent during the quarter, while business at its Sam's Club warehouse division was flat. Sales fell 8.4 percent at the international division, hurt by the lower value of currencies against the dollar.
Monday, February 23, 2009
Walmart Steps Up Efforts to Help Americans Manage Their Finances with $3 Rollback Price on Key Money Service
Feb. 18, 2009 – With more and more families facing financial challenges, Walmart today is stepping up efforts to provide affordable access to essential money services for the growing number of undeserved Americans, including the millions who are not using traditional checking accounts to manage their finances. Dubbed “Operation Main Street: Money Management,” the program includes a $3 Rollback price on the Walmart MoneyCard and a focus on financial literacy.
Combined, Walmart expects this effort – and its everyday low prices on money services like check cashing, bill payment and money transfers – to help consumers stretch family budgets and save more than $500 million* in money service fees this year.
“Now more than ever, our customers continue to trust Walmart to do what we do best – save them money on the products and services they need everyday,” said Eduardo Castro-Wright, vice chairman, Walmart Stores. “Financial issues are the number one concern for our customers, and accelerating our efforts to provide affordable financial services will help them live better.”
Even More Affordable Money Services
Beginning today, Walmart will offer the Walmart MoneyCard, a reloadable, pre-paid Visa debit card, for only $3. Reduced from nearly $9, the new $3 purchase price will provide the more than 35 million** American families underserved by traditional financial institutions many of the advantages of a checking account, including depositing their paychecks on a safe and secure card, checking their balances, paying bills and shopping anywhere Visa debit is accepted. The Walmart MoneyCard is now expected to save customers $50 million annually compared to similar cards. In addition, the card has no overdraft fees.
“Customers who use the Walmart Money Card tell us that we’re making a difference in their lives and helping them get their finances under control. The reduced fees on the Walmart MoneyCard will save our customers millions of dollars,” said Jane Thompson, president, Walmart Financial Services. “We will continue to lower prices on the money services that we know our customers need.”
Focus on Financial Literacy
Declaring today national “Money Management Day,” Walmart is working with Visa to make financial literacy tools available to customers nationwide. Available at www.walmartstores.com/money management, Visa’s Practical Money Skills for Life is a comprehensive program designed to help consumers manage their money wisely.
“Today, more than ever, Americans want to stay in control of their daily finances, and reloadable prepaid cards – like the Walmart MoneyCard – can help people better manage their money and spend within their means,” said Bill Sheedy, president, North America, Visa Inc. “Together, the built-in budgeting capabilities of Visa prepaid cards, Rollback pricing and easy access to our free financial management tools will be especially valuable in helping consumers.”
In addition, Walmart is bringing financial experts to select stores to provide expert advice and give customers the tools they need to manage their money. Best-selling author of Girl, Get Your Money Straight!, Glinda Bridgforth, and Univision’s financial expert, Julie Stav will meet with customers in Walmart MoneyCenters in Atlanta and Houston respectively to showcase their top money management tips.
“For those living from paycheck-to-paycheck, affordable access to basic money services like check-cashing, money transfers and reloadable pre-paid debit cards can be key to getting back on track and having finances that are in order,” said Bridgforth. “Walmart is setting an example and demonstrating how businesses can support – and help – Americans facing financial challenges.”
Associate Support
Walmart will also begin offering its 1.4 million U.S. associates a special associate value. Associates will receive a credit of the initial $3 purchase fee for the Walmart MoneyCard, no monthly fee, and free direct deposit reloads when they sign up for Walmart direct deposit. The company expects this new offering to make managing finances easier for associates who do not use a bank account. Walmart already waives the fee for the hundreds of thousands of paper checks it cashes for its associates every payday.
The Walmart MoneyCard Advantage
Available for customers without requiring a credit check or previous bank account, the Walmart MoneyCard is a convenient, safe alternative to carrying cash, having a checking account or charging a credit card. Because it is a pre-funded card, customers spend only what they have and cannot be hurt by unexpected overdraft or late fees. In fact, those choosing to replace their basic checking account with a Walmart MoneyCard would avoid overdraft and insufficient funds fees, which reached over $24 billion in the U.S. in 2008.**
Under the new $3 pricing structure, customers will pay a one-time cost of $3 to purchase and activate the Walmart MoneyCard, a $3 charge for reloads at Walmart, and a $3 monthly fee. Even better, many Walmart MoneyCard customers use their card in ways that minimize fees. For example:
* If customers reload with direct deposit or after cashing their paychecks at Walmart, there is no reload fee.
* If customers load at least $1,000 per month, there is no monthly fee.
* If customers access cash back at the register instead of ATM’s, there is no withdrawal fee.
The Walmart MoneyCard is accepted at approximately 29 million Visa merchant locations worldwide and can be reloaded at tens of thousands of Green Dot retailer locations. In addition, the Walmart MoneyCard helps customers manage their spending with free daily cell phone or email balance alerts, free balance inquiries at Walmart stores and online transaction history at www.walmartmoneycard.com.
Combined, Walmart expects this effort – and its everyday low prices on money services like check cashing, bill payment and money transfers – to help consumers stretch family budgets and save more than $500 million* in money service fees this year.
“Now more than ever, our customers continue to trust Walmart to do what we do best – save them money on the products and services they need everyday,” said Eduardo Castro-Wright, vice chairman, Walmart Stores. “Financial issues are the number one concern for our customers, and accelerating our efforts to provide affordable financial services will help them live better.”
Even More Affordable Money Services
Beginning today, Walmart will offer the Walmart MoneyCard, a reloadable, pre-paid Visa debit card, for only $3. Reduced from nearly $9, the new $3 purchase price will provide the more than 35 million** American families underserved by traditional financial institutions many of the advantages of a checking account, including depositing their paychecks on a safe and secure card, checking their balances, paying bills and shopping anywhere Visa debit is accepted. The Walmart MoneyCard is now expected to save customers $50 million annually compared to similar cards. In addition, the card has no overdraft fees.
“Customers who use the Walmart Money Card tell us that we’re making a difference in their lives and helping them get their finances under control. The reduced fees on the Walmart MoneyCard will save our customers millions of dollars,” said Jane Thompson, president, Walmart Financial Services. “We will continue to lower prices on the money services that we know our customers need.”
Focus on Financial Literacy
Declaring today national “Money Management Day,” Walmart is working with Visa to make financial literacy tools available to customers nationwide. Available at www.walmartstores.com/money management, Visa’s Practical Money Skills for Life is a comprehensive program designed to help consumers manage their money wisely.
“Today, more than ever, Americans want to stay in control of their daily finances, and reloadable prepaid cards – like the Walmart MoneyCard – can help people better manage their money and spend within their means,” said Bill Sheedy, president, North America, Visa Inc. “Together, the built-in budgeting capabilities of Visa prepaid cards, Rollback pricing and easy access to our free financial management tools will be especially valuable in helping consumers.”
In addition, Walmart is bringing financial experts to select stores to provide expert advice and give customers the tools they need to manage their money. Best-selling author of Girl, Get Your Money Straight!, Glinda Bridgforth, and Univision’s financial expert, Julie Stav will meet with customers in Walmart MoneyCenters in Atlanta and Houston respectively to showcase their top money management tips.
“For those living from paycheck-to-paycheck, affordable access to basic money services like check-cashing, money transfers and reloadable pre-paid debit cards can be key to getting back on track and having finances that are in order,” said Bridgforth. “Walmart is setting an example and demonstrating how businesses can support – and help – Americans facing financial challenges.”
Associate Support
Walmart will also begin offering its 1.4 million U.S. associates a special associate value. Associates will receive a credit of the initial $3 purchase fee for the Walmart MoneyCard, no monthly fee, and free direct deposit reloads when they sign up for Walmart direct deposit. The company expects this new offering to make managing finances easier for associates who do not use a bank account. Walmart already waives the fee for the hundreds of thousands of paper checks it cashes for its associates every payday.
The Walmart MoneyCard Advantage
Available for customers without requiring a credit check or previous bank account, the Walmart MoneyCard is a convenient, safe alternative to carrying cash, having a checking account or charging a credit card. Because it is a pre-funded card, customers spend only what they have and cannot be hurt by unexpected overdraft or late fees. In fact, those choosing to replace their basic checking account with a Walmart MoneyCard would avoid overdraft and insufficient funds fees, which reached over $24 billion in the U.S. in 2008.**
Under the new $3 pricing structure, customers will pay a one-time cost of $3 to purchase and activate the Walmart MoneyCard, a $3 charge for reloads at Walmart, and a $3 monthly fee. Even better, many Walmart MoneyCard customers use their card in ways that minimize fees. For example:
* If customers reload with direct deposit or after cashing their paychecks at Walmart, there is no reload fee.
* If customers load at least $1,000 per month, there is no monthly fee.
* If customers access cash back at the register instead of ATM’s, there is no withdrawal fee.
The Walmart MoneyCard is accepted at approximately 29 million Visa merchant locations worldwide and can be reloaded at tens of thousands of Green Dot retailer locations. In addition, the Walmart MoneyCard helps customers manage their spending with free daily cell phone or email balance alerts, free balance inquiries at Walmart stores and online transaction history at www.walmartmoneycard.com.
Joint statement from WalMart and counsel for Plaintiffs regarding wage and hour class action case of Carter v. WalMart
Walterboro, South Carolina, February 17, 2009 - Colleton County, South Carolina, Judge Perry M. Buckner, III preliminarily approved the settlement of a wage and hour class action suit against Wal-Mart in South Carolina, a settlement that was earlier disclosed by the parties on December 23, 2008. The settlement, which will total up to $49,000,000, concludes more than six years of litigation concerning Wal-Mart’s employment practices in South Carolina. In addition, as part of the settlement, Wal-Mart has agreed to continue to maintain electronic systems, surveys, and notices that will protect the rights of workers.
“We are pleased with the preliminary approval of the settlement by the Court. We hope that WalMart’s industry leading compliance model will set an example for the retail industry” said class counsel Brad Hutto of the law firm of Williams & Williams in Orangeburg, counsel for the class.
“This lawsuit was filed years ago and the allegations are not representative of the company we are today,” said Daphne Moore, WalMart spokesperson. “Our policy is to pay associates for every hour worked and to make rest and meal breaks available. This is a commitment we make to the more than 1.4 million associates who choose to work for WalMart and serve our customers and members every day. We have worked hard to have the right communication, processes, and systems in place to help ensure we live up to this commitment.”
“We are pleased with the preliminary approval of the settlement by the Court. We hope that WalMart’s industry leading compliance model will set an example for the retail industry” said class counsel Brad Hutto of the law firm of Williams & Williams in Orangeburg, counsel for the class.
“This lawsuit was filed years ago and the allegations are not representative of the company we are today,” said Daphne Moore, WalMart spokesperson. “Our policy is to pay associates for every hour worked and to make rest and meal breaks available. This is a commitment we make to the more than 1.4 million associates who choose to work for WalMart and serve our customers and members every day. We have worked hard to have the right communication, processes, and systems in place to help ensure we live up to this commitment.”
Thursday, February 19, 2009
WalMart Holds Up In Sharp Recession, Beating EPS Views; Rare Winner: Shares Up 4%; Middle class now willing to shop at discount king for low prices
WalMart's value message rang loud and clear with thrifty shoppers in the fourth quarter, lifting the discount giant's earnings above Wall Street's views.
The world's biggest retailer earned $1.03 a share excluding nonrecurring items, about flat with a year ago and 4 cents above forecasts. Sales rose 2% to $109.12 billion, slightly below views.
WalMart shares jumped 4%, the only Dow component to buck Tuesday's sharp sell-off.
But even WalMart, which has been among retail's top performers the past year, isn't immune to the chilly spending climate. The quarter's sales gains were the weakest in years. Shares have been trading near a 52-week low.
The challenging economy has impacted everyone, including Wal-Mart customers, says Joe Feldman, retail analyst at Telsey Advisory Group.
"But it's holding up better than most other retailers," he said. "In fact, Wal-Mart is taking share in this environment."
WalMart had a strong close to the quarter, said new CEO Mike Duke in a conference call. But the stronger dollar hurt overseas sales.
The retail giant also took a 7-cents-a-share charge to settle class-action lawsuits.
Same-store sales rose 2.8% vs. a year ago, while most retailers suffered declines.
In the conference call, WalMart vice chairman Eduardo Castro-Wright said he believes the company's six merchandising units are outperforming leading rivals in each area on a comp basis.
Overall, analysts expect retailers' fourth-quarter profits to slide 23.2% vs. a year ago, says Ken Perkins, president of Retail Metrics.
WalMart has been a bright spot in today's dreary retail space as its low prices and broad array of food and other staples draw recession-ravaged consumers like a magnet.
"WalMart is clearly taking share," said analyst Bill Dreher of Deutsche Bank. "It's one of the only retailers to show a traffic increase over the last four months and in the fiscal year. Wal-Mart clearly has solid momentum."
January finished strong and February is off to a good start, Duke said.
In the latest quarter, WalMart maintained a tight grip on expenses and inventories, Dreher said.
At the same time, it generated strong free cash flow. It says it intends to resume buying back shares this quarter.
WalMart's strong value message resonates with consumers today, said analyst Wayne Hood of BMO Capital Markets.
"Now is the opportunity for WalMart to shine, and they're certainly doing that," he said.
Consumers are looking for basics at the prices WalMart offers, adds Feldman. And once in the stores, they are seeing a better environment, with cleaner stores and improved services, he said.
WalMart seems to be drawing a wider consumer base as middle-income people seek to be more frugal, added Dreher.
Wal-Mart pegs its full-year profit at $3.45-$3.60 a share. That assumes exchange rates stay where they were at year-end. That would hurt earnings by 13 cents.
It expects first-quarter same-store sales to rise 1%-3%.
"The (earnings) guidance for the quarter and the year are very doable, perhaps even conservative," said Dreher.
But Wal-Mart faces some foreign-exchange head winds in '09 through at least the first three quarters of the year, said Feldman.
It also will face pressure if macroeconomic conditions worsen, he says.
The world's biggest retailer earned $1.03 a share excluding nonrecurring items, about flat with a year ago and 4 cents above forecasts. Sales rose 2% to $109.12 billion, slightly below views.
WalMart shares jumped 4%, the only Dow component to buck Tuesday's sharp sell-off.
But even WalMart, which has been among retail's top performers the past year, isn't immune to the chilly spending climate. The quarter's sales gains were the weakest in years. Shares have been trading near a 52-week low.
The challenging economy has impacted everyone, including Wal-Mart customers, says Joe Feldman, retail analyst at Telsey Advisory Group.
"But it's holding up better than most other retailers," he said. "In fact, Wal-Mart is taking share in this environment."
WalMart had a strong close to the quarter, said new CEO Mike Duke in a conference call. But the stronger dollar hurt overseas sales.
The retail giant also took a 7-cents-a-share charge to settle class-action lawsuits.
Same-store sales rose 2.8% vs. a year ago, while most retailers suffered declines.
In the conference call, WalMart vice chairman Eduardo Castro-Wright said he believes the company's six merchandising units are outperforming leading rivals in each area on a comp basis.
Overall, analysts expect retailers' fourth-quarter profits to slide 23.2% vs. a year ago, says Ken Perkins, president of Retail Metrics.
WalMart has been a bright spot in today's dreary retail space as its low prices and broad array of food and other staples draw recession-ravaged consumers like a magnet.
"WalMart is clearly taking share," said analyst Bill Dreher of Deutsche Bank. "It's one of the only retailers to show a traffic increase over the last four months and in the fiscal year. Wal-Mart clearly has solid momentum."
January finished strong and February is off to a good start, Duke said.
In the latest quarter, WalMart maintained a tight grip on expenses and inventories, Dreher said.
At the same time, it generated strong free cash flow. It says it intends to resume buying back shares this quarter.
WalMart's strong value message resonates with consumers today, said analyst Wayne Hood of BMO Capital Markets.
"Now is the opportunity for WalMart to shine, and they're certainly doing that," he said.
Consumers are looking for basics at the prices WalMart offers, adds Feldman. And once in the stores, they are seeing a better environment, with cleaner stores and improved services, he said.
WalMart seems to be drawing a wider consumer base as middle-income people seek to be more frugal, added Dreher.
Wal-Mart pegs its full-year profit at $3.45-$3.60 a share. That assumes exchange rates stay where they were at year-end. That would hurt earnings by 13 cents.
It expects first-quarter same-store sales to rise 1%-3%.
"The (earnings) guidance for the quarter and the year are very doable, perhaps even conservative," said Dreher.
But Wal-Mart faces some foreign-exchange head winds in '09 through at least the first three quarters of the year, said Feldman.
It also will face pressure if macroeconomic conditions worsen, he says.
Children's Miracle Network, Wal-Mart Raise Awareness For Children's Hospitals with "Champions Across America"
Walmart stores, Sam’s Club associates, customers, members raised, contributed $460 million for CMN since 1987
SALT LAKE CITY (Feb. 18, 2009) — Children’s Miracle Network, an international non-profit that raises funds for 170 children’s hospitals in the United States, today announced support from Walmart and Sam’s Club for Champions Across America.
The Champions Across America program is designed to raise awareness of the vital work taking place in children’s hospitals. The 2009 program is officially known as Champions Across America presented by Walmart and Sam’s Club.
The retailer’s support for the Children’s Miracle Network began in 1987. Since then, Walmart and Sam’s Club associates, customers and members have raised and contributed more than $460 million for Children’s Miracle Network hospitals.
The Champions Across America program designates in every state a Champion child who has bravely battled and triumphed despite a serious injury or illness. Champions serve as ambassadors for the 17 million children treated at Children’s Miracle Network hospitals each year. The 2009 Champions have dealt with a variety of hardships that include suffering from illnesses, such as brittle bone disease, brain tumors and cerebral palsy, and surviving car accidents and plane crashes.
“Children’s Miracle Network has been inspired for more than 20 years by the way Wal-Mart has rallied behind our cause all to benefit courageous children in their communities,” said Scott Burt, president and CEO, Children’s Miracle Network. “Wal-Mart understands that our fundraising empowers hospitals to improve health for children around the country, and essentially the world, by supporting important research and treatments. It is a privilege to work with them on Champions Across America, an initiative that deeply impacts the lives of everyone involved with the program.”
In March, Walmart and Sam’s Club will sponsor the Champions and their families as they travel to Walt Disney World and to Washington, D.C., where they will meet with their senators on Capitol Hill.
“Over the past two decades, Children’s Miracle Network, its hospitals and especially the children treated have found a very special place in the hearts of Walmart and Sam’s Club associates,” said Margaret McKenna, president of the Wal-Mart Foundation. “Our support for Champions Across America builds on the emotional connection our associates have with the children cared for by these hospitals.”
SALT LAKE CITY (Feb. 18, 2009) — Children’s Miracle Network, an international non-profit that raises funds for 170 children’s hospitals in the United States, today announced support from Walmart and Sam’s Club for Champions Across America.
The Champions Across America program is designed to raise awareness of the vital work taking place in children’s hospitals. The 2009 program is officially known as Champions Across America presented by Walmart and Sam’s Club.
The retailer’s support for the Children’s Miracle Network began in 1987. Since then, Walmart and Sam’s Club associates, customers and members have raised and contributed more than $460 million for Children’s Miracle Network hospitals.
The Champions Across America program designates in every state a Champion child who has bravely battled and triumphed despite a serious injury or illness. Champions serve as ambassadors for the 17 million children treated at Children’s Miracle Network hospitals each year. The 2009 Champions have dealt with a variety of hardships that include suffering from illnesses, such as brittle bone disease, brain tumors and cerebral palsy, and surviving car accidents and plane crashes.
“Children’s Miracle Network has been inspired for more than 20 years by the way Wal-Mart has rallied behind our cause all to benefit courageous children in their communities,” said Scott Burt, president and CEO, Children’s Miracle Network. “Wal-Mart understands that our fundraising empowers hospitals to improve health for children around the country, and essentially the world, by supporting important research and treatments. It is a privilege to work with them on Champions Across America, an initiative that deeply impacts the lives of everyone involved with the program.”
In March, Walmart and Sam’s Club will sponsor the Champions and their families as they travel to Walt Disney World and to Washington, D.C., where they will meet with their senators on Capitol Hill.
“Over the past two decades, Children’s Miracle Network, its hospitals and especially the children treated have found a very special place in the hearts of Walmart and Sam’s Club associates,” said Margaret McKenna, president of the Wal-Mart Foundation. “Our support for Champions Across America builds on the emotional connection our associates have with the children cared for by these hospitals.”
Tuesday, February 17, 2009
WalMart Statement on Ninth Circuit Court of Appeals Order Granting Rehearing En Banc in Dukes Class Action Lawsui
"We are pleased with today's positive step in this case. We look forward to presenting our arguments to a larger group of judges and are hopeful they will decide the case should not proceed as a class action.
"It is important to note that the merits of this case have not been considered by the courts, and we believe the experiences alleged by the six individuals who brought this suit are not representative of the experiences of our female associates.
"Wal-Mart is a good place for women to work and fosters female leadership among our associates and in the larger business world."
"It is important to note that the merits of this case have not been considered by the courts, and we believe the experiences alleged by the six individuals who brought this suit are not representative of the experiences of our female associates.
"Wal-Mart is a good place for women to work and fosters female leadership among our associates and in the larger business world."
As Application Deadline Approaches, WalMart Urges Students To Apply For Scholarship
Web site provides easy access to Hispanic Scholarship Fund/WaMart Scholarship application
With the February 18 application deadline fast approaching, WalMart is encouraging high school students to submit applications for the Hispanic Scholarship Fund (HSF)/WalMart Stores, Inc. High School Scholarship. Links to the HSF/WalMart scholarship application, along with additional educational resources and information, can be found on WalMart’s Web site, AhorraMasViveMejor.com.
The HSF/WalMart high school scholarship program is funded by a $3 million multi-year grant from the WalMart Foundation that also funds the HSF/WalMart Stores, Inc. College Scholarship. Both programs provide scholarships to students advancing their education at accredited four-year colleges and universities.
“The WalMart Foundation understands that education is critical to the lives and well-being of all Americans – and education continues to be an important issue in the Hispanic community,” said Margaret McKenna, president of the WalMart Foundation. “We are pleased to provide scholarship dollars designed to help young people get the quality education they need to be successful today and in the future.”
“The HSF is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. Last year, we awarded nearly 4,100 scholarships exceeding $26.6 million,” said Frank D. Alvarez, president and chief executive officer of HSF. “Our goal is to increase the rate of Hispanics earning college degrees and we believe we will accomplish this goal with the continuing support of Wal-Mart, its Foundation and like-minded organizations.”
The HSF/Wal-Mart high school scholarship is available on a competitive basis to graduating high school seniors of Hispanic heritage from selected geographical locations. Students must be enrolled full-time as first year freshmen during the 2009-2010 academic year. Awards are in the amount of $2,500. Eligibility requirements include:
* Be of Hispanic heritage
* Be a U.S. citizen or a legal permanent resident with permanent resident card or passport stamped I-551 (not expired)
* Be a graduating high school senior with plans to enroll full-time in a degree-seeking program at a four-year accredited U.S. institution in the U.S., Puerto Rico, the U.S. Virgin Islands or Guam during the 2009-2010 academic year
* Have a minimum cumulative grade point average (GPA) of 3.00 on a 4.00 scale
* Must currently reside in one of the following metropolitan locations: Atlanta, Baltimore, Charlotte, Chicago, Houston, Miami, New York, Newark, Philadelphia, or Washington, D.C.
* Must apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA)
“We are committed to providing our customers with the merchandise, services – and valuable information – that will help them live better,” said Stephen Quinn, chief marketing officer and executive vice president, Walmart U.S. “The commitment we have to our customers and the communities we serve provided the motivation for creating AhorraMasViveMejor.com.
In addition to scholarship information, AhorraMasViveMejor.com users will find a host of other tools and information relating to higher education. The site includes tips for preparing for college, planning and budgeting, study skills, test preparation, and loan information.
February is a critical time for high school students considering applying for a scholarship. Most scholarships for the fall 2009 semester are due earlier in the year from January to March, so students applying for scholarships need to submit their applications soon. Whether students are interested in becoming future technology gurus or interested in careers in finance, HSF has a menu of scholarships for students to choose from.
About Hispanic Scholarship Fund (HSF)
The Hispanic Scholarship Fund is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. In its 34 year history, the Hispanic Scholarship Fund has awarded over $250M in scholarships to more than 90,000 students in need. Two-thirds of these students were the first in their families to go to college.
During the 2007-08 academic year alone, HSF awarded nearly 4,100 scholarships worth close to $27M. HSF scholars are high achievers and they have or are attending close to 2,000 of the nation’s diverse and academically rigorous colleges and universities in all 50 states, Puerto Rico, Guam and the U.S. Virgin Islands.
With the February 18 application deadline fast approaching, WalMart is encouraging high school students to submit applications for the Hispanic Scholarship Fund (HSF)/WalMart Stores, Inc. High School Scholarship. Links to the HSF/WalMart scholarship application, along with additional educational resources and information, can be found on WalMart’s Web site, AhorraMasViveMejor.com.
The HSF/WalMart high school scholarship program is funded by a $3 million multi-year grant from the WalMart Foundation that also funds the HSF/WalMart Stores, Inc. College Scholarship. Both programs provide scholarships to students advancing their education at accredited four-year colleges and universities.
“The WalMart Foundation understands that education is critical to the lives and well-being of all Americans – and education continues to be an important issue in the Hispanic community,” said Margaret McKenna, president of the WalMart Foundation. “We are pleased to provide scholarship dollars designed to help young people get the quality education they need to be successful today and in the future.”
“The HSF is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. Last year, we awarded nearly 4,100 scholarships exceeding $26.6 million,” said Frank D. Alvarez, president and chief executive officer of HSF. “Our goal is to increase the rate of Hispanics earning college degrees and we believe we will accomplish this goal with the continuing support of Wal-Mart, its Foundation and like-minded organizations.”
The HSF/Wal-Mart high school scholarship is available on a competitive basis to graduating high school seniors of Hispanic heritage from selected geographical locations. Students must be enrolled full-time as first year freshmen during the 2009-2010 academic year. Awards are in the amount of $2,500. Eligibility requirements include:
* Be of Hispanic heritage
* Be a U.S. citizen or a legal permanent resident with permanent resident card or passport stamped I-551 (not expired)
* Be a graduating high school senior with plans to enroll full-time in a degree-seeking program at a four-year accredited U.S. institution in the U.S., Puerto Rico, the U.S. Virgin Islands or Guam during the 2009-2010 academic year
* Have a minimum cumulative grade point average (GPA) of 3.00 on a 4.00 scale
* Must currently reside in one of the following metropolitan locations: Atlanta, Baltimore, Charlotte, Chicago, Houston, Miami, New York, Newark, Philadelphia, or Washington, D.C.
* Must apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA)
“We are committed to providing our customers with the merchandise, services – and valuable information – that will help them live better,” said Stephen Quinn, chief marketing officer and executive vice president, Walmart U.S. “The commitment we have to our customers and the communities we serve provided the motivation for creating AhorraMasViveMejor.com.
In addition to scholarship information, AhorraMasViveMejor.com users will find a host of other tools and information relating to higher education. The site includes tips for preparing for college, planning and budgeting, study skills, test preparation, and loan information.
February is a critical time for high school students considering applying for a scholarship. Most scholarships for the fall 2009 semester are due earlier in the year from January to March, so students applying for scholarships need to submit their applications soon. Whether students are interested in becoming future technology gurus or interested in careers in finance, HSF has a menu of scholarships for students to choose from.
About Hispanic Scholarship Fund (HSF)
The Hispanic Scholarship Fund is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. In its 34 year history, the Hispanic Scholarship Fund has awarded over $250M in scholarships to more than 90,000 students in need. Two-thirds of these students were the first in their families to go to college.
During the 2007-08 academic year alone, HSF awarded nearly 4,100 scholarships worth close to $27M. HSF scholars are high achievers and they have or are attending close to 2,000 of the nation’s diverse and academically rigorous colleges and universities in all 50 states, Puerto Rico, Guam and the U.S. Virgin Islands.
Monday, February 16, 2009
International Operations Data Sheet - January 2009
WalMart International
3,630 total units as of January 31, 2009
Market.................Retail Units....Date of Entry
Mexico.................1,197................November 1991
Puerto Rico.........56..........................August 1992
Canada................318..................November 1994
Brazil...................345.............................May 1995
Argentina...........28...........................August 1995
China (*)............243.........................August 1996
United Kingdom.358............................July 1999
Japan .................386.........................March 2002
Costa Rica.......... 164 ...............September 2005
El Salvador........ 77 .................September 2005
Guatemala...... 160 .................September 2005
Honduras......... 50 ..................September 2005
Nicaragua........ 51 ...................September 2005
Chile............... 197 ........................January 2009
(*) Includes a 35% interest in Trust-Mart, which operates 100 stores in China.
Trade Territory
WalMart Stores, Inc. operates in 15 international markets, including Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom, serving more than 49 million international customers weekly.
Total International Associates
More than 680,000
Total International Sales FYE 1/31/08:
$90.6 billion – 17.5 percent increase over the previous year. Operating income was $4.76 billion, an increase of 11.8 percent compared to the previous fiscal year.
For the four-week period ending January 30, 2009, $6.65 billion - a decrease of 7.3 percent over the same period last year. On a constant currency basis (assuming foreign exchange rates remained the same as the prior year), International sales increased 11 percent in the January period.
For the third quarter FY 2009 ending 10/31/08: $24.9 billion – an increase of 11.2 percent over the same period last year. Operating income was $1.2 billion for the quarter, an increase of 10.6 percent over the same period last year.
3,630 total units as of January 31, 2009
Market.................Retail Units....Date of Entry
Mexico.................1,197................November 1991
Puerto Rico.........56..........................August 1992
Canada................318..................November 1994
Brazil...................345.............................May 1995
Argentina...........28...........................August 1995
China (*)............243.........................August 1996
United Kingdom.358............................July 1999
Japan .................386.........................March 2002
Costa Rica.......... 164 ...............September 2005
El Salvador........ 77 .................September 2005
Guatemala...... 160 .................September 2005
Honduras......... 50 ..................September 2005
Nicaragua........ 51 ...................September 2005
Chile............... 197 ........................January 2009
(*) Includes a 35% interest in Trust-Mart, which operates 100 stores in China.
Trade Territory
WalMart Stores, Inc. operates in 15 international markets, including Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom, serving more than 49 million international customers weekly.
Total International Associates
More than 680,000
Total International Sales FYE 1/31/08:
$90.6 billion – 17.5 percent increase over the previous year. Operating income was $4.76 billion, an increase of 11.8 percent compared to the previous fiscal year.
For the four-week period ending January 30, 2009, $6.65 billion - a decrease of 7.3 percent over the same period last year. On a constant currency basis (assuming foreign exchange rates remained the same as the prior year), International sales increased 11 percent in the January period.
For the third quarter FY 2009 ending 10/31/08: $24.9 billion – an increase of 11.2 percent over the same period last year. Operating income was $1.2 billion for the quarter, an increase of 10.6 percent over the same period last year.
As Application Deadline Approaches, WalMart Urges Students To Apply For Scholarship
Web site provides easy access to Hispanic Scholarship Fund/WalMart Scholarship application
With the February 18 application deadline fast approaching, WalMart is encouraging high school students to submit applications for the Hispanic Scholarship Fund (HSF)/WalMart Stores, Inc. High School Scholarship. Links to the HSF/WalMart scholarship application, along with additional educational resources and information, can be found on WalMart’s Web site, AhorraMasViveMejor.com.
The HSF/WalMart high school scholarship program is funded by a $3 million multi-year grant from the WalMart Foundation that also funds the HSF/WalMart Stores, Inc. College Scholarship. Both programs provide scholarships to students advancing their education at accredited four-year colleges and universities.
“The WalMart Foundation understands that education is critical to the lives and well-being of all Americans – and education continues to be an important issue in the Hispanic community,” said Margaret McKenna, president of the WalMart Foundation. “We are pleased to provide scholarship dollars designed to help young people get the quality education they need to be successful today and in the future.”
“The HSF is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. Last year, we awarded nearly 4,100 scholarships exceeding $26.6 million,” said Frank D. Alvarez, president and chief executive officer of HSF. “Our goal is to increase the rate of Hispanics earning college degrees and we believe we will accomplish this goal with the continuing support of WalMart, its Foundation and like-minded organizations.”
The HSF/WalMart high school scholarship is available on a competitive basis to graduating high school seniors of Hispanic heritage from selected geographical locations. Students must be enrolled full-time as first year freshmen during the 2009-2010 academic year. Awards are in the amount of $2,500. Eligibility requirements include:
* Be of Hispanic heritage
* Be a U.S. citizen or a legal permanent resident with permanent resident card or passport stamped I-551 (not expired)
* Be a graduating high school senior with plans to enroll full-time in a degree-seeking program at a four-year accredited U.S. institution in the U.S., Puerto Rico, the U.S. Virgin Islands or Guam during the 2009-2010 academic year
* Have a minimum cumulative grade point average (GPA) of 3.00 on a 4.00 scale
* Must currently reside in one of the following metropolitan locations: Atlanta, Baltimore, Charlotte, Chicago, Houston, Miami, New York, Newark, Philadelphia, or Washington, D.C.
* Must apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA)
“We are committed to providing our customers with the merchandise, services – and valuable information – that will help them live better,” said Stephen Quinn, chief marketing officer and executive vice president, Walmart U.S. “The commitment we have to our customers and the communities we serve provided the motivation for creating AhorraMasViveMejor.com.
In addition to scholarship information, AhorraMasViveMejor users will find a host of other tools and information relating to higher education. The site includes tips for preparing for college, planning and budgeting, study skills, test preparation, and loan information.
February is a critical time for high school students considering applying for a scholarship. Most scholarships for the fall 2009 semester are due earlier in the year from January to March, so students applying for scholarships need to submit their applications soon. Whether students are interested in becoming future technology gurus or interested in careers in finance, HSF has a menu of scholarships for students to choose from.
About Hispanic Scholarship Fund (HSF)
The Hispanic Scholarship Fund is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. In its 34 year history, the Hispanic Scholarship Fund has awarded over $250M in scholarships to more than 90,000 students in need. Two-thirds of these students were the first in their families to go to college.
During the 2007-08 academic year alone, HSF awarded nearly 4,100 scholarships worth close to $27M. HSF scholars are high achievers and they have or are attending close to 2,000 of the nation’s diverse and academically rigorous colleges and universities in all 50 states, Puerto Rico, Guam and the U.S. Virgin Islands.
With the February 18 application deadline fast approaching, WalMart is encouraging high school students to submit applications for the Hispanic Scholarship Fund (HSF)/WalMart Stores, Inc. High School Scholarship. Links to the HSF/WalMart scholarship application, along with additional educational resources and information, can be found on WalMart’s Web site, AhorraMasViveMejor.com.
The HSF/WalMart high school scholarship program is funded by a $3 million multi-year grant from the WalMart Foundation that also funds the HSF/WalMart Stores, Inc. College Scholarship. Both programs provide scholarships to students advancing their education at accredited four-year colleges and universities.
“The WalMart Foundation understands that education is critical to the lives and well-being of all Americans – and education continues to be an important issue in the Hispanic community,” said Margaret McKenna, president of the WalMart Foundation. “We are pleased to provide scholarship dollars designed to help young people get the quality education they need to be successful today and in the future.”
“The HSF is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. Last year, we awarded nearly 4,100 scholarships exceeding $26.6 million,” said Frank D. Alvarez, president and chief executive officer of HSF. “Our goal is to increase the rate of Hispanics earning college degrees and we believe we will accomplish this goal with the continuing support of WalMart, its Foundation and like-minded organizations.”
The HSF/WalMart high school scholarship is available on a competitive basis to graduating high school seniors of Hispanic heritage from selected geographical locations. Students must be enrolled full-time as first year freshmen during the 2009-2010 academic year. Awards are in the amount of $2,500. Eligibility requirements include:
* Be of Hispanic heritage
* Be a U.S. citizen or a legal permanent resident with permanent resident card or passport stamped I-551 (not expired)
* Be a graduating high school senior with plans to enroll full-time in a degree-seeking program at a four-year accredited U.S. institution in the U.S., Puerto Rico, the U.S. Virgin Islands or Guam during the 2009-2010 academic year
* Have a minimum cumulative grade point average (GPA) of 3.00 on a 4.00 scale
* Must currently reside in one of the following metropolitan locations: Atlanta, Baltimore, Charlotte, Chicago, Houston, Miami, New York, Newark, Philadelphia, or Washington, D.C.
* Must apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA)
“We are committed to providing our customers with the merchandise, services – and valuable information – that will help them live better,” said Stephen Quinn, chief marketing officer and executive vice president, Walmart U.S. “The commitment we have to our customers and the communities we serve provided the motivation for creating AhorraMasViveMejor.com.
In addition to scholarship information, AhorraMasViveMejor users will find a host of other tools and information relating to higher education. The site includes tips for preparing for college, planning and budgeting, study skills, test preparation, and loan information.
February is a critical time for high school students considering applying for a scholarship. Most scholarships for the fall 2009 semester are due earlier in the year from January to March, so students applying for scholarships need to submit their applications soon. Whether students are interested in becoming future technology gurus or interested in careers in finance, HSF has a menu of scholarships for students to choose from.
About Hispanic Scholarship Fund (HSF)
The Hispanic Scholarship Fund is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. In its 34 year history, the Hispanic Scholarship Fund has awarded over $250M in scholarships to more than 90,000 students in need. Two-thirds of these students were the first in their families to go to college.
During the 2007-08 academic year alone, HSF awarded nearly 4,100 scholarships worth close to $27M. HSF scholars are high achievers and they have or are attending close to 2,000 of the nation’s diverse and academically rigorous colleges and universities in all 50 states, Puerto Rico, Guam and the U.S. Virgin Islands.
WalMart Health Care Benefits Enrollment Rises, Uninsured Rate Declines
Total associate health coverage increases to more than 94 percent
Feb. 13, 2009 – WalMart Stores, Inc., (NYSE: WMT) announced today that the number of associates who have health care coverage through its benefits plans for 2009 or another source has increased from 92.7 percent to 94.5 percent. Over 733,000 or 51.8 percent of associates – and nearly 1.2 million associates and Dependants in total – were covered by WalMart’s plans at the end of its annual enrollment period.*
The company also announced that the number of uninsured associates has dropped by nearly 25 percent in the past year and by more than 40 percent between 2007 and 2009. Compared to the most recently reported data by the U.S. Census Bureau, WalMart’s uninsured rate of 5.5 percent is 11.3 percent lower than the uninsured rate nationwide for the U.S. employed population (16.8 percent). The percentage of U.S. employers who offer health benefits fell from 69 percent in 2000 to 63 percent in 2008, according to a Kaiser Family Foundation study.
“We’re creating good jobs and providing good benefits for our associates at all levels of the company, from part-time hourly associates to full-time managers,” said Eduardo Castro-Wright, vice chairman of WalMart Stores, Inc. “So, it’s gratifying that for the fifth year in a row the number of WalMart associates enrolled in the company’s health care plans has increased.”
This year, the company added more disease and illness prevention options including its new “Life with Baby” program which helps mothers and their babies get a healthy start on the child’s life. Life with Baby provides free, personalized counseling and advice by a professional nurse through preconception, pregnancy, postpartum and early childhood development. WalMart also introduced several benefits innovations, including personalized health records (PHRs) to help associates keep track of their medical files and make more informed health care decisions.
“Since we began offering PHRs just a few months ago, more than 50,000 of our associates have signed up which we believe demonstrates that consumers are ready and willing to use technology to take control of their own health and wellness,” said Linda Dillman, executive vice president of benefits for WalMart Stores, Inc. “We hope that our government will study the many ways in which technology can be applied in considering health care reform for our nation this year.”
Feb. 13, 2009 – WalMart Stores, Inc., (NYSE: WMT) announced today that the number of associates who have health care coverage through its benefits plans for 2009 or another source has increased from 92.7 percent to 94.5 percent. Over 733,000 or 51.8 percent of associates – and nearly 1.2 million associates and Dependants in total – were covered by WalMart’s plans at the end of its annual enrollment period.*
The company also announced that the number of uninsured associates has dropped by nearly 25 percent in the past year and by more than 40 percent between 2007 and 2009. Compared to the most recently reported data by the U.S. Census Bureau, WalMart’s uninsured rate of 5.5 percent is 11.3 percent lower than the uninsured rate nationwide for the U.S. employed population (16.8 percent). The percentage of U.S. employers who offer health benefits fell from 69 percent in 2000 to 63 percent in 2008, according to a Kaiser Family Foundation study.
“We’re creating good jobs and providing good benefits for our associates at all levels of the company, from part-time hourly associates to full-time managers,” said Eduardo Castro-Wright, vice chairman of WalMart Stores, Inc. “So, it’s gratifying that for the fifth year in a row the number of WalMart associates enrolled in the company’s health care plans has increased.”
This year, the company added more disease and illness prevention options including its new “Life with Baby” program which helps mothers and their babies get a healthy start on the child’s life. Life with Baby provides free, personalized counseling and advice by a professional nurse through preconception, pregnancy, postpartum and early childhood development. WalMart also introduced several benefits innovations, including personalized health records (PHRs) to help associates keep track of their medical files and make more informed health care decisions.
“Since we began offering PHRs just a few months ago, more than 50,000 of our associates have signed up which we believe demonstrates that consumers are ready and willing to use technology to take control of their own health and wellness,” said Linda Dillman, executive vice president of benefits for WalMart Stores, Inc. “We hope that our government will study the many ways in which technology can be applied in considering health care reform for our nation this year.”
Friday, February 13, 2009
Walmart to Add "Twilight Shops" in All Stores in March with Arrival of Movie DVD
Fans can pre-order Summit Entertainment’s Twilight DVD today from Walmart.com
BENTONVILLE, Ark., Feb. 12, 2009 – Fans bitten by Twilight mania will soon find much more than the popular vampire book series at Walmart as the retailer becomes a new nationwide Twilight destination. In conjunction with Summit Entertainment’s DVD release of this box office smash launching next month, all Walmart stores and Walmart.com will offer unique “Twilight store” areas containing a wide array of crowd-pleasing merchandise at affordable Walmart values.
Today Twilight fans can go to walmart.com/twilight to pre-order the new Walmart exclusive standard DVD movie or special edition DVD, both to release nationwide March 21. As the countdown to the DVD release begins, the Web site will host discussions and post news about exciting fan events and activities to come. Today fans can go to Walmart.com/twilight to watch exclusive behind-the-scenes movie footage. In a few days, they also will find special features on the site to upload and enhance their digital photo to send an “eBite” to a friend. As teens, moms and friends prepare for Twilight “viewing parties” around the country, the site will continue to add special announcements and new material over the coming weeks.
Committed to bringing customers more affordable access to Twilight items than ever before, Walmart will dedicate a special area in each of its 3,500 stores to Twilight beginning mid-March – just days before the DVD movie release is available – to offer items including:
* The Twilight DVD movie – standard and special edition
* The Twilight CD soundtrack*
* The Twilight book series*
* Twilight, New Moon, Eclipse and Breaking Dawn
* Twilight apparel
* Twilight messenger bags and totes
* Twilight posters*
* Assorted Twilight licensed jewelry, key chains and accessories
“Twilight is a cultural phenomenon that has gripped both teens and adults across the country,” said Greg Hall, vice president, Merchandising. “From the popularity we’ve already witnessed in books and music, we believe ‘Twilighters’ will be very excited about the items and values Walmart will bring together in a new in-store and online experience.”
“We’re delighted to partner with Walmart in bringing the highly anticipated Twilight DVD to the millions of enthusiastic fans who made the film such a groundbreaking success in its theatrical release,” said Steve Nickerson, President of Summit Home Entertainment. “By creating specially-dedicated Twilight stores, both in their brick-and-mortar locations and on their website, Walmart is creating a unique home for this beloved franchise’s passionate fan base."
Walmart will host these dedicated Twilight areas in stores through April, and continue to carry Twilight merchandise through the year, some items for a limited period only.
Twilight was the bestselling book of 2008 across all genres and the movie’s November 21, 2008 opening weekend was one of the biggest in Hollywood history, grossing $70.6 million.
BENTONVILLE, Ark., Feb. 12, 2009 – Fans bitten by Twilight mania will soon find much more than the popular vampire book series at Walmart as the retailer becomes a new nationwide Twilight destination. In conjunction with Summit Entertainment’s DVD release of this box office smash launching next month, all Walmart stores and Walmart.com will offer unique “Twilight store” areas containing a wide array of crowd-pleasing merchandise at affordable Walmart values.
Today Twilight fans can go to walmart.com/twilight to pre-order the new Walmart exclusive standard DVD movie or special edition DVD, both to release nationwide March 21. As the countdown to the DVD release begins, the Web site will host discussions and post news about exciting fan events and activities to come. Today fans can go to Walmart.com/twilight to watch exclusive behind-the-scenes movie footage. In a few days, they also will find special features on the site to upload and enhance their digital photo to send an “eBite” to a friend. As teens, moms and friends prepare for Twilight “viewing parties” around the country, the site will continue to add special announcements and new material over the coming weeks.
Committed to bringing customers more affordable access to Twilight items than ever before, Walmart will dedicate a special area in each of its 3,500 stores to Twilight beginning mid-March – just days before the DVD movie release is available – to offer items including:
* The Twilight DVD movie – standard and special edition
* The Twilight CD soundtrack*
* The Twilight book series*
* Twilight, New Moon, Eclipse and Breaking Dawn
* Twilight apparel
* Twilight messenger bags and totes
* Twilight posters*
* Assorted Twilight licensed jewelry, key chains and accessories
“Twilight is a cultural phenomenon that has gripped both teens and adults across the country,” said Greg Hall, vice president, Merchandising. “From the popularity we’ve already witnessed in books and music, we believe ‘Twilighters’ will be very excited about the items and values Walmart will bring together in a new in-store and online experience.”
“We’re delighted to partner with Walmart in bringing the highly anticipated Twilight DVD to the millions of enthusiastic fans who made the film such a groundbreaking success in its theatrical release,” said Steve Nickerson, President of Summit Home Entertainment. “By creating specially-dedicated Twilight stores, both in their brick-and-mortar locations and on their website, Walmart is creating a unique home for this beloved franchise’s passionate fan base."
Walmart will host these dedicated Twilight areas in stores through April, and continue to carry Twilight merchandise through the year, some items for a limited period only.
Twilight was the bestselling book of 2008 across all genres and the movie’s November 21, 2008 opening weekend was one of the biggest in Hollywood history, grossing $70.6 million.
WalMart Foundation Teams Up with United Way and One Economy to Provide Free Tax Preparation and Filing Services
Foundation’s $3.6 Million Grant Expected to Increase Awareness of Earned Income Tax Credit, Has Potential to Return $345 Million in Total Tax Refunds and Preparation Fees
The WalMart Foundation today announced its commitment to bring free tax preparation and filing services to eligible taxpayers nationwide. Working with United Way and One Economy Corporation, a non-profit organization that helps low-income Americans enter the economic mainstream, the Foundation’s $3.6 million grant will launch the first-ever free mobile tax filing tour funded by a national retailer and fund more than 90 United Way-supported Volunteer Income Tax Assistance (VITA) campaigns.
The IRS estimates that approximately 20 percent of eligible individuals and families are unaware that they qualify for the Earned Income Tax Credit (EITC), a refundable federal income tax credit for low-to moderate-income individuals and families. With the United Way-supported VITA campaigns, One Economy’s online tools and five Mobile Tax Center vans visiting communities throughout the country, the Wal-Mart Foundation’s grant has the potential to return $300 million* in EITC refunds and save $45 million** in tax preparation fees.
“This tax season, more Americans may be eligible for tax refunds due to the state of the economy and declining job market. That’s why we’re stepping up our efforts and bringing free tax filing access directly to the communities we serve,” said Margaret McKenna, president of the WalMart Foundation. “The WalMart Foundation strives to provide opportunities that improve the lives of individuals in our communities. That mission comes to life through this program, which is estimated to put millions in EITC refunds back in the pockets of eligible taxpayers.”
“The Earned Income Tax Credit is a proven work incentive and valuable tax benefit for millions of working American families, but there are still millions of eligible families who do not claim it,” said U.S. Rep. Charles Rangel (D-NY), chairman of the House Committee on Ways and Means. “I look forward to seeing the positive impact that this WalMart Foundation-funded program will have on our nation’s taxpayers, and commend United Way and One Economy for their efforts to educate working American families about the EITC and provide them with free tax preparation assistance.”
“This year more than ever, families need to take advantage of every dollar made available to them, and thanks to the WalMart Foundation, we are in a position to help them do just that,” said Brian Gallagher, president and CEO of United Way of America. “This grant from the Wal-Mart Foundation is sure to have a positive impact on families visiting VITA campaigns nationwide and will ultimately help to secure their long-term financial stability.”
“One Economy created an online tax filing platform to make it easier for low-income Americans to get the credits and refunds they deserve,” said Rey Ramsey, CEO of One Economy. “Now, thanks to the WalMart Foundation’s support, we’re able to do something truly innovative: take our digital tools and resources directly into the neighborhoods where they are needed most, while providing people with the knowledge and confidence to file online themselves.”
Mobile Tax Center vans equipped with One Economy’s online tax filing technology and IRS-certified tax professionals will set-up in Walmart parking lots or at the offices of One Economy’s community partners for two to three weeks at a time between February 10 and April 11. Individuals earning less than $56,000 per year will be able to visit the vans and file their taxes free of charge.
In addition, IRS-certified tax professionals at more than 90 WalMart Foundation-funded United Way-supported VITA campaigns across the U.S. will be on hand to educate consumers about the Earned Income Tax Credit and other tax credits for which they may be eligible, and help those earning less than $42,000 per year file their taxes accurately and free of charge.
In addition to the United Way and One Economy grant, the WalMart Foundation will also award a $25,000 grant to the National Disability Institute (NDI) in support of their national EITC campaign called the Real Economic Impact Tour. Since 2005, the Real Economic Impact Tour has assisted over 151,000 taxpayers with disabilities receive free tax preparation.
The WalMart Foundation today announced its commitment to bring free tax preparation and filing services to eligible taxpayers nationwide. Working with United Way and One Economy Corporation, a non-profit organization that helps low-income Americans enter the economic mainstream, the Foundation’s $3.6 million grant will launch the first-ever free mobile tax filing tour funded by a national retailer and fund more than 90 United Way-supported Volunteer Income Tax Assistance (VITA) campaigns.
The IRS estimates that approximately 20 percent of eligible individuals and families are unaware that they qualify for the Earned Income Tax Credit (EITC), a refundable federal income tax credit for low-to moderate-income individuals and families. With the United Way-supported VITA campaigns, One Economy’s online tools and five Mobile Tax Center vans visiting communities throughout the country, the Wal-Mart Foundation’s grant has the potential to return $300 million* in EITC refunds and save $45 million** in tax preparation fees.
“This tax season, more Americans may be eligible for tax refunds due to the state of the economy and declining job market. That’s why we’re stepping up our efforts and bringing free tax filing access directly to the communities we serve,” said Margaret McKenna, president of the WalMart Foundation. “The WalMart Foundation strives to provide opportunities that improve the lives of individuals in our communities. That mission comes to life through this program, which is estimated to put millions in EITC refunds back in the pockets of eligible taxpayers.”
“The Earned Income Tax Credit is a proven work incentive and valuable tax benefit for millions of working American families, but there are still millions of eligible families who do not claim it,” said U.S. Rep. Charles Rangel (D-NY), chairman of the House Committee on Ways and Means. “I look forward to seeing the positive impact that this WalMart Foundation-funded program will have on our nation’s taxpayers, and commend United Way and One Economy for their efforts to educate working American families about the EITC and provide them with free tax preparation assistance.”
“This year more than ever, families need to take advantage of every dollar made available to them, and thanks to the WalMart Foundation, we are in a position to help them do just that,” said Brian Gallagher, president and CEO of United Way of America. “This grant from the Wal-Mart Foundation is sure to have a positive impact on families visiting VITA campaigns nationwide and will ultimately help to secure their long-term financial stability.”
“One Economy created an online tax filing platform to make it easier for low-income Americans to get the credits and refunds they deserve,” said Rey Ramsey, CEO of One Economy. “Now, thanks to the WalMart Foundation’s support, we’re able to do something truly innovative: take our digital tools and resources directly into the neighborhoods where they are needed most, while providing people with the knowledge and confidence to file online themselves.”
Mobile Tax Center vans equipped with One Economy’s online tax filing technology and IRS-certified tax professionals will set-up in Walmart parking lots or at the offices of One Economy’s community partners for two to three weeks at a time between February 10 and April 11. Individuals earning less than $56,000 per year will be able to visit the vans and file their taxes free of charge.
In addition, IRS-certified tax professionals at more than 90 WalMart Foundation-funded United Way-supported VITA campaigns across the U.S. will be on hand to educate consumers about the Earned Income Tax Credit and other tax credits for which they may be eligible, and help those earning less than $42,000 per year file their taxes accurately and free of charge.
In addition to the United Way and One Economy grant, the WalMart Foundation will also award a $25,000 grant to the National Disability Institute (NDI) in support of their national EITC campaign called the Real Economic Impact Tour. Since 2005, the Real Economic Impact Tour has assisted over 151,000 taxpayers with disabilities receive free tax preparation.
Second Wal-Mart planned for Elk Grove
The company plans to build a 100,000-square-foot store at Bruceville and Poppy Ridge roads in the proposed Vineyard at Madeira shopping center, Wal-Mart spokesman Aaron Rios told The Bee on Thursday.
The store will be open 24 hours a day and will include a fresh grocery section.
The Wal-Mart store at Elk Grove Boulevard and Highway 99 will remain open, according to Rios.
Construction on the new store can begin as soon as permits are obtained from the city, Rios said.
To proceed, Wal-Mart needs approval only by Elk Grove city staff members because the retail giant purchased a site previously approved for a 150,000-square-foot Target store, Rios said.
Wal-Mart must apply for a building permit and follow the conditions of approval set for Target, Councilman Steve Detrick said Thursday.
Detrick, who led a successful grass-roots fight against a proposed Wal-Mart in northeast Elk Grove before being elected to the City Council, said he doesn't have a problem with the new project.
"If you really look at it, combined (the two Elk Grove stores) are under 200,000 square feet," Detrick said. "The one at Sheldon and Power Inn was proposed for 250,000 square feet."
Detrick said he expects the construction of the Wal-Mart store to trigger a burst of building at the center.
"The other businesses that have signed on have been waiting for the major anchor," Detrick said.
The store will be open 24 hours a day and will include a fresh grocery section.
The Wal-Mart store at Elk Grove Boulevard and Highway 99 will remain open, according to Rios.
Construction on the new store can begin as soon as permits are obtained from the city, Rios said.
To proceed, Wal-Mart needs approval only by Elk Grove city staff members because the retail giant purchased a site previously approved for a 150,000-square-foot Target store, Rios said.
Wal-Mart must apply for a building permit and follow the conditions of approval set for Target, Councilman Steve Detrick said Thursday.
Detrick, who led a successful grass-roots fight against a proposed Wal-Mart in northeast Elk Grove before being elected to the City Council, said he doesn't have a problem with the new project.
"If you really look at it, combined (the two Elk Grove stores) are under 200,000 square feet," Detrick said. "The one at Sheldon and Power Inn was proposed for 250,000 square feet."
Detrick said he expects the construction of the Wal-Mart store to trigger a burst of building at the center.
"The other businesses that have signed on have been waiting for the major anchor," Detrick said.
Wednesday, February 11, 2009
Byrd is Teacher of Year
Elaine Raby Byrd, a kindergarten teacher at Chimney rock Elementary, was recently named by the Bartlett area Sam's Club as Teacher of the Year.
Byrd and principal Daphine Swift were presented with a giant $1,000 check, to be used at the school, by Jason M. Heg, membership assistant manager at the Bartlett-area Sam's Club. Byrd also received a cake and a personal gift card.
During the reception, Heg spoke about Byrd's commitment to her school, students and parents.
Parents who voted for her for this honor spoke about her dedication and willingness to work late hours for tutoring and after-school help.
Byrd thanked the entire school community for their support and extended a special thanks to her mother, Dr. Elaine Raby, an SCS instructional coach, for "all those wonderful teaching tips that have guided (her) along the way," and to her father, Willie Raby of Germantown High School, for his strong "personal support."
Shawn Pachucki is communications specialist for Shelby County Schools.
Chimneyrock Elementary teacher Elaine Raby Byrd was recently named Teacher of the Year by the Bartlett-area Sam's Club. Membership assistant manager of Sam's Club Jason M. Heg presents the kindergarten teacher and principal Daphine Swift with a giant $1,000 check to be used at the school.
Byrd and principal Daphine Swift were presented with a giant $1,000 check, to be used at the school, by Jason M. Heg, membership assistant manager at the Bartlett-area Sam's Club. Byrd also received a cake and a personal gift card.
During the reception, Heg spoke about Byrd's commitment to her school, students and parents.
Parents who voted for her for this honor spoke about her dedication and willingness to work late hours for tutoring and after-school help.
Byrd thanked the entire school community for their support and extended a special thanks to her mother, Dr. Elaine Raby, an SCS instructional coach, for "all those wonderful teaching tips that have guided (her) along the way," and to her father, Willie Raby of Germantown High School, for his strong "personal support."
Shawn Pachucki is communications specialist for Shelby County Schools.
Chimneyrock Elementary teacher Elaine Raby Byrd was recently named Teacher of the Year by the Bartlett-area Sam's Club. Membership assistant manager of Sam's Club Jason M. Heg presents the kindergarten teacher and principal Daphine Swift with a giant $1,000 check to be used at the school.
WalMart e-mail is scam
ARLAN -- The Shelby County Sheriff's Office has been alerted to an Internet scam circulating in the county.
Residents are being e-mailed by someone posing to be from WalMart Stores. The message says the recipient has been chosen to take part in a survey in exchange for a $150 gift certificate to any WalMart.
The message asks for personal information such as a Social Security number, date of birth and credit card number. This message indicates that the information will be provided to all WalMart stores to redeem the $150 gift certificate.
Residents are being e-mailed by someone posing to be from WalMart Stores. The message says the recipient has been chosen to take part in a survey in exchange for a $150 gift certificate to any WalMart.
The message asks for personal information such as a Social Security number, date of birth and credit card number. This message indicates that the information will be provided to all WalMart stores to redeem the $150 gift certificate.
Wal-Mart to put trucks to test Vehicles will run on natural gas, cooking grease or diesel-electric
WalMart Stores Inc. on Monday put a new spotlight on natural gas-powered vehicles - this time on trucks.
The world's largest retailer said it plans to test four models of heavy-duty commercial trucks powered by either hybrid engines or alternative fuels.
Test trucks operating out of a Southern California distribution center will use liquid natural gas, and others from a distribution center near Phoenix will be converted to run on waste cooking grease from WalMart stores.
Dallas; Houston; Atlanta; Apple Valley, Calif.; and the Washington-Baltimore operations will each test one diesel-electric hybrid truck.
WalMart, which operates one of the largest private truck fleets in the world, said the new trucks are part of its efforts to reduce its environmental footprint.
WalMart said it has surpassed a three-year goal in 2008 to make its fleet 25 percent more efficient. Now it plans to double its fleet efficiency by 2015 from its 2005 starting point.
The new technologies will be tested throughout this year.
Last November, T. Boone Pickens met with Lee Scott, then WalMart's chief executive, about converting the company's fleet of 7,200 trucks to natural gas.
Pickens, who owns part of a company that supplies natural gas to vehicles, has been pushing natural gas cars and buses since the early 1990s. More recently, he made it one of his key measures in a campaign to reduce U.S. dependence on foreign oil.
In addition to lobbying, the legendary oilman and hedge fund manager is footing the bill for a large television ad budget. He also is developing a wind farm.
Scott, who retired from the CEO post on Sunday but continues as chairman, started his career in WalMart's distribution and transportation operations. He led the company's green efforts and gained attention when the chain started selling millions of energy-efficient light bulbs.
WalMart was also one of the first retailers to building energy-efficient test stores, which are in McKinney and Colorado.
Last November, WalMart also said it would buy 15 percent of the electricity for Texas facilities from a Duke Energy wind farm.
will evaluate heavy-duty commercial trucks running on different types of alternative fuels.
The world's largest retailer said it plans to test four models of heavy-duty commercial trucks powered by either hybrid engines or alternative fuels.
Test trucks operating out of a Southern California distribution center will use liquid natural gas, and others from a distribution center near Phoenix will be converted to run on waste cooking grease from WalMart stores.
Dallas; Houston; Atlanta; Apple Valley, Calif.; and the Washington-Baltimore operations will each test one diesel-electric hybrid truck.
WalMart, which operates one of the largest private truck fleets in the world, said the new trucks are part of its efforts to reduce its environmental footprint.
WalMart said it has surpassed a three-year goal in 2008 to make its fleet 25 percent more efficient. Now it plans to double its fleet efficiency by 2015 from its 2005 starting point.
The new technologies will be tested throughout this year.
Last November, T. Boone Pickens met with Lee Scott, then WalMart's chief executive, about converting the company's fleet of 7,200 trucks to natural gas.
Pickens, who owns part of a company that supplies natural gas to vehicles, has been pushing natural gas cars and buses since the early 1990s. More recently, he made it one of his key measures in a campaign to reduce U.S. dependence on foreign oil.
In addition to lobbying, the legendary oilman and hedge fund manager is footing the bill for a large television ad budget. He also is developing a wind farm.
Scott, who retired from the CEO post on Sunday but continues as chairman, started his career in WalMart's distribution and transportation operations. He led the company's green efforts and gained attention when the chain started selling millions of energy-efficient light bulbs.
WalMart was also one of the first retailers to building energy-efficient test stores, which are in McKinney and Colorado.
Last November, WalMart also said it would buy 15 percent of the electricity for Texas facilities from a Duke Energy wind farm.
will evaluate heavy-duty commercial trucks running on different types of alternative fuels.
Retailer set to test efficient trucks
WalMart Stores Inc., seeking to further reduce fuel consumption and emissions in its trucking fleet, said Monday that it would test two new hybrids and two alternative-fuel trucks this year, including trucks that use reclaimed cooking grease from its stores.
The company said it already has met its short-term goal of improving fuel efficiency in the fleet by 25 percent from 2005 to 2008. The longer-term goal is to double fuel efficiency by 2015 over the 2005 baseline.
WalMart's announcement came as bio diesel supporters opened the National Bio diesel Conference and Expo in San Francisco with a "Scientists for Bio diesel" declaration. Leaders of the organization wanted to make it clear that the push for bio-based fuels is about moving toward sustainable, renewable fuel sources, said Jessica Robinson, spokesman for the National Bio diesel Board based in Jefferson City, Mo.
The board says carbon dioxide emissions from bio diesel are 78 percent lower than those from petroleum diesel.
WalMart said 15 trucks at its Buckeye, Ariz., distribution facility will use reclaimed "brown" cooking grease - stuff that's caught in grease traps during cleaning. The rest of the trucks at the center will use a blend of diesel that incorporates "yellow" grease, the leftovers from French fries and other fried foods.
At a distribution center in Southern California, WalMart said four Peterbilt Model 386 trucks and one other vehicle will run on liquid natural gas.
Five others of the same model will use diesel-electric hybrid systems from Eaton Corp. and PACCAR Inc., a global technology company based in Bellevue, Wash.
Those trucks will be deployed in Dallas, Houston, Apple Valley, Calif., Atlanta, Washington and Baltimore.
And a diesel-electric hybrid developed for WalMart by Arvin Meritor Inc. of Troy, Mich., to be deployed in the Detroit area, is believed to be the first for a Class 8 (heavy) truck.
"We look forward to determining if these technologies will help reduce our environmental footprint, are viable for our business and provide a return on investment," Chris Sutlemeier, WalMart's senior vice president of transportation, said in a news release.
The company said it already has met its short-term goal of improving fuel efficiency in the fleet by 25 percent from 2005 to 2008. The longer-term goal is to double fuel efficiency by 2015 over the 2005 baseline.
WalMart's announcement came as bio diesel supporters opened the National Bio diesel Conference and Expo in San Francisco with a "Scientists for Bio diesel" declaration. Leaders of the organization wanted to make it clear that the push for bio-based fuels is about moving toward sustainable, renewable fuel sources, said Jessica Robinson, spokesman for the National Bio diesel Board based in Jefferson City, Mo.
The board says carbon dioxide emissions from bio diesel are 78 percent lower than those from petroleum diesel.
WalMart said 15 trucks at its Buckeye, Ariz., distribution facility will use reclaimed "brown" cooking grease - stuff that's caught in grease traps during cleaning. The rest of the trucks at the center will use a blend of diesel that incorporates "yellow" grease, the leftovers from French fries and other fried foods.
At a distribution center in Southern California, WalMart said four Peterbilt Model 386 trucks and one other vehicle will run on liquid natural gas.
Five others of the same model will use diesel-electric hybrid systems from Eaton Corp. and PACCAR Inc., a global technology company based in Bellevue, Wash.
Those trucks will be deployed in Dallas, Houston, Apple Valley, Calif., Atlanta, Washington and Baltimore.
And a diesel-electric hybrid developed for WalMart by Arvin Meritor Inc. of Troy, Mich., to be deployed in the Detroit area, is believed to be the first for a Class 8 (heavy) truck.
"We look forward to determining if these technologies will help reduce our environmental footprint, are viable for our business and provide a return on investment," Chris Sutlemeier, WalMart's senior vice president of transportation, said in a news release.
Wal-Mart Gets More Efficient
WalMart Stores (WMT:NYSE) has increased the efficiency of its trucking fleet more than 25% since beginning a company wide environmental campaign in 2005, the giant retailer announced Monday.
The company said in a news release that it cut its trucks' energy use by using new technologies, improving its delivery routes and loading its trailers more efficiently.
The company said in a news release that it cut its trucks' energy use by using new technologies, improving its delivery routes and loading its trailers more efficiently.
Monday, February 9, 2009
Sustainability Spotlight
At Wal-Mart, we believe that being an efficient and profitable business goes hand-in-hand with being a good steward of the environment. During February, Wal-Mart will be featured on KNWA-TV's Sustainability Spotlight. The program will focus on the status of Wal-Mart's sustainability program, how the company is making its buildings more efficient, what our associates are doing to engage with sustainability, and how Wal-Mart is helping others become more energy efficient.
Wednesday, February 4, 2009
WalMart Honors The Contributions Of African Americans To The Nation During Black History Month And Beyond
Retailer Emphasizes “Every Day is a Good Day to Learn Black History”
BENTONVILLE, Ark., Feb. 4, 2009 — History is made each day and African Americans continue to contribute to our country’s rich legacy. During Black History Month, WalMart Stores, Inc. encourages its associates and customers to celebrate black history every day.
The company reminds Walmart customers that “Every day is a good day to learn black history” through a series of radio and television ads, along with in-store and online educational material designed to promote awareness of black history. “This year’s Black History Month theme encourages our associates and customers to honor the positive impact African Americans have made throughout our nation’s history,” said Esther Silver-Parker, senior vice president of Corporate Affairs. “Our company continues to be committed to the communities it serves through education, opportunity and celebration, and our campaign to celebrate black history throughout the year is perfectly aligned with this commitment. We proudly engage in initiatives to celebrate black history and we encourage our customers to join us in making this a year-round observance.”
Walmart customers will be able to pick up the complimentary “Profiles and Pride” and “Black History Timeline” pamphlets at select stores. The pamphlets provide insightful black history information ideal for schools, organizations or individuals.
This year’s “Profiles in Pride,” produced in partnership with Kraft, features African-American heritage and cultural events that take place throughout the country. Featured events include the National Black Arts Festival in Atlanta, the Gullah Festival in South Carolina and the Pan-African Film Festival in Los Angeles.
Organizers of the highlighted events will also share their insights on how black history can be celebrated throughout the year. Additionally, in light of the historic presidential election, WalMart’s “Black History Month Timeline,” produced in conjunction with Colgate-Palmolive, will feature African-American firsts and milestones from the 1900s to the present.
To help parents and children increase their knowledge of black history, select Walmart stores nationwide and Walmart.com will feature the GEEBEE Black Heritage Series TM games and puzzles. The offerings will include an African counting game, a game about The Underground Railroad, black history trivia games, and an assortment of puzzles. In an effort to stay connected to its African-American customers, Walmart’s “Our Voice” Web site offers resource information for families to enjoy throughout the year.
The Web site - www.wmourvoice.com - provides an online platform for reinforcing the company’s black history message through games and useful information. Users can enjoy an online version of the GEEBEE Black Heritage Series TM games and puzzles or access the site to obtain updated information about WalMart’s corporate initiatives supporting the African-American community.
Walmart has also established a partnership with ancestry.com, which allows them to offer an interface on the site to aid users in tracing their family genealogy WalMart proudly engages in year-round cultural initiatives. As an employer of choice for more than 251,000 African-American associates, WalMart’s commitment to the African-American community extends to a variety of partnerships and corporate programs reaching customers where they live.
Some major initiatives include: * Walmart announced its commitment to serve as the presenting sponsor of Tavis Smiley’s America I AM: The African American Imprint, a mobile and museum exhibit that celebrates the imprint African Americans have had on nearly 500 years of American history. The mobile exhibit visited more than 40 communities and events throughout the country in 2008 as it made its way to the National Constitution Center in Philadelphia for the unveiling of a 15,000 sq. ft. museum exhibit.
The museum exhibit will travel to major cities across the country until 2012.
* In 2008, the WalMart Foundation provided a $12.5 million letter of credit to the Martin Luther King, Jr. National Memorial Project Foundation, Inc., which will allow the foundation to begin construction of the Martin Luther King, Jr. National Memorial.
* In 2008, WalMart associates and the WalMart Foundation, contributed more than $300,000 in charitable donations to the United Negro College Fund (UNCF). These contributions were in addition to the $1 million grant by the WalMart Foundation to support the UNCF’s Institute for Capacity Building Fiscal and Strategic Technical Assistance Program (FASTAP). The program helps Historically Black Colleges and Universities (HBCUs) strengthen their operations.
BENTONVILLE, Ark., Feb. 4, 2009 — History is made each day and African Americans continue to contribute to our country’s rich legacy. During Black History Month, WalMart Stores, Inc. encourages its associates and customers to celebrate black history every day.
The company reminds Walmart customers that “Every day is a good day to learn black history” through a series of radio and television ads, along with in-store and online educational material designed to promote awareness of black history. “This year’s Black History Month theme encourages our associates and customers to honor the positive impact African Americans have made throughout our nation’s history,” said Esther Silver-Parker, senior vice president of Corporate Affairs. “Our company continues to be committed to the communities it serves through education, opportunity and celebration, and our campaign to celebrate black history throughout the year is perfectly aligned with this commitment. We proudly engage in initiatives to celebrate black history and we encourage our customers to join us in making this a year-round observance.”
Walmart customers will be able to pick up the complimentary “Profiles and Pride” and “Black History Timeline” pamphlets at select stores. The pamphlets provide insightful black history information ideal for schools, organizations or individuals.
This year’s “Profiles in Pride,” produced in partnership with Kraft, features African-American heritage and cultural events that take place throughout the country. Featured events include the National Black Arts Festival in Atlanta, the Gullah Festival in South Carolina and the Pan-African Film Festival in Los Angeles.
Organizers of the highlighted events will also share their insights on how black history can be celebrated throughout the year. Additionally, in light of the historic presidential election, WalMart’s “Black History Month Timeline,” produced in conjunction with Colgate-Palmolive, will feature African-American firsts and milestones from the 1900s to the present.
To help parents and children increase their knowledge of black history, select Walmart stores nationwide and Walmart.com will feature the GEEBEE Black Heritage Series TM games and puzzles. The offerings will include an African counting game, a game about The Underground Railroad, black history trivia games, and an assortment of puzzles. In an effort to stay connected to its African-American customers, Walmart’s “Our Voice” Web site offers resource information for families to enjoy throughout the year.
The Web site - www.wmourvoice.com - provides an online platform for reinforcing the company’s black history message through games and useful information. Users can enjoy an online version of the GEEBEE Black Heritage Series TM games and puzzles or access the site to obtain updated information about WalMart’s corporate initiatives supporting the African-American community.
Walmart has also established a partnership with ancestry.com, which allows them to offer an interface on the site to aid users in tracing their family genealogy WalMart proudly engages in year-round cultural initiatives. As an employer of choice for more than 251,000 African-American associates, WalMart’s commitment to the African-American community extends to a variety of partnerships and corporate programs reaching customers where they live.
Some major initiatives include: * Walmart announced its commitment to serve as the presenting sponsor of Tavis Smiley’s America I AM: The African American Imprint, a mobile and museum exhibit that celebrates the imprint African Americans have had on nearly 500 years of American history. The mobile exhibit visited more than 40 communities and events throughout the country in 2008 as it made its way to the National Constitution Center in Philadelphia for the unveiling of a 15,000 sq. ft. museum exhibit.
The museum exhibit will travel to major cities across the country until 2012.
* In 2008, the WalMart Foundation provided a $12.5 million letter of credit to the Martin Luther King, Jr. National Memorial Project Foundation, Inc., which will allow the foundation to begin construction of the Martin Luther King, Jr. National Memorial.
* In 2008, WalMart associates and the WalMart Foundation, contributed more than $300,000 in charitable donations to the United Negro College Fund (UNCF). These contributions were in addition to the $1 million grant by the WalMart Foundation to support the UNCF’s Institute for Capacity Building Fiscal and Strategic Technical Assistance Program (FASTAP). The program helps Historically Black Colleges and Universities (HBCUs) strengthen their operations.
WalMart Foundation Donates $5.7 Million to Support the Creation of Green Jobs in the U.S.
Grants to the U.S. Conference of Mayors and Veterans Green Jobs Work to Support One of the Fastest Growing Sectors of Jobs in the Country
BENTONVILLE, Ark., February 3, 2009 – The WalMart Foundation announced today that it will award to the U.S. Conference of Mayors and Veterans Green Jobs grants totaling $5.7 million to support the creation of green jobs in the U.S. Today’s announcement comes on the heels of a newly released Global Insight study revealing that 10 percent of job growth in the U.S. is likely to be green by 2038, the fastest growing sector in the country.
“We understand how important building a green workforce is to the future of America, and the WalMart Foundation is committed to helping create job growth that also sustains our environment,” said Margaret McKenna, president of the WalMart Foundation. “Realizing that one of the greatest barriers to creating green jobs is the lack of a trained workforce, the Wal-Mart Foundation’s grants will help break through this barrier and enable more American workers to be trained and ready to contribute in this growing sector.”
The WalMart Foundation’s $5 million grant to the U.S. Conference of Mayors will work to create jobs in an array of emerging green industries. In the spring of 2009, through a competitive selection process led by the U.S. Conference of Mayors, six grants will be awarded to non-profit organizations that have a history of working with mayors to train people for green jobs. In early 2010, three additional grants will be given to cities with newer commitments to providing green workforce training.
Additionally, the WalMart Foundation is awarding nearly $750,000 to Veterans Green Jobs to support the development of four training sites which will help veterans develop green job training skills. The training sites – which will be built in Washington, Colorado, New Mexico and Louisiana – will assist many of the nearly two million returned or returning military personnel facing the challenging task of reintegrating into civilian life.
“This generous grant from the WalMart Foundation is enabling us to continue building a green workforce in cities nationwide,” said Manny Diaz, president of the U.S. Conference of Mayors and mayor of Miami. “Given that 85 percent of all green jobs are expected to be located in cities and their metro areas in the coming years, this grant could not come at a better time.”
“Veterans Green Jobs empowers vets to become leaders in the restoration of America's environment, economy and communities. We provide them with the finest education and training opportunities in fast-growing green jobs sectors," said Brett KenCairn, executive director of Veterans Green Jobs. “Veterans tell us repeatedly that being able to serve their country through meaningful, restorative work is the most healing thing they could experience post-combat. We appreciate the Wal-Mart Foundation for this generous donation, and are looking forward to seeing the positive impact that it will have on our nation’s service members."
BENTONVILLE, Ark., February 3, 2009 – The WalMart Foundation announced today that it will award to the U.S. Conference of Mayors and Veterans Green Jobs grants totaling $5.7 million to support the creation of green jobs in the U.S. Today’s announcement comes on the heels of a newly released Global Insight study revealing that 10 percent of job growth in the U.S. is likely to be green by 2038, the fastest growing sector in the country.
“We understand how important building a green workforce is to the future of America, and the WalMart Foundation is committed to helping create job growth that also sustains our environment,” said Margaret McKenna, president of the WalMart Foundation. “Realizing that one of the greatest barriers to creating green jobs is the lack of a trained workforce, the Wal-Mart Foundation’s grants will help break through this barrier and enable more American workers to be trained and ready to contribute in this growing sector.”
The WalMart Foundation’s $5 million grant to the U.S. Conference of Mayors will work to create jobs in an array of emerging green industries. In the spring of 2009, through a competitive selection process led by the U.S. Conference of Mayors, six grants will be awarded to non-profit organizations that have a history of working with mayors to train people for green jobs. In early 2010, three additional grants will be given to cities with newer commitments to providing green workforce training.
Additionally, the WalMart Foundation is awarding nearly $750,000 to Veterans Green Jobs to support the development of four training sites which will help veterans develop green job training skills. The training sites – which will be built in Washington, Colorado, New Mexico and Louisiana – will assist many of the nearly two million returned or returning military personnel facing the challenging task of reintegrating into civilian life.
“This generous grant from the WalMart Foundation is enabling us to continue building a green workforce in cities nationwide,” said Manny Diaz, president of the U.S. Conference of Mayors and mayor of Miami. “Given that 85 percent of all green jobs are expected to be located in cities and their metro areas in the coming years, this grant could not come at a better time.”
“Veterans Green Jobs empowers vets to become leaders in the restoration of America's environment, economy and communities. We provide them with the finest education and training opportunities in fast-growing green jobs sectors," said Brett KenCairn, executive director of Veterans Green Jobs. “Veterans tell us repeatedly that being able to serve their country through meaningful, restorative work is the most healing thing they could experience post-combat. We appreciate the Wal-Mart Foundation for this generous donation, and are looking forward to seeing the positive impact that it will have on our nation’s service members."
British Retailer to Create 7,000 Jobs
TheStreet.com
January 28, 2009
LONDON -- British retailer ASDA Group Ltd., part of U.S.-based company WalMart (WMT:NYSE), said Wednesday it would add 7,000 jobs in Britain and recruit 3,000 long-term unemployed for existing positions, bucking the country's dismal retail climate.
The company said 3,700 jobs would be created at nine new food stores, five new non-food retail outlets and expansions of 15 other stores. The other positions would come at its home shopping unit ASDA.com and others through growth of existing businesses
January 28, 2009
LONDON -- British retailer ASDA Group Ltd., part of U.S.-based company WalMart (WMT:NYSE), said Wednesday it would add 7,000 jobs in Britain and recruit 3,000 long-term unemployed for existing positions, bucking the country's dismal retail climate.
The company said 3,700 jobs would be created at nine new food stores, five new non-food retail outlets and expansions of 15 other stores. The other positions would come at its home shopping unit ASDA.com and others through growth of existing businesses
WalMart's grants to 12 total $778,000
Arkansas Democrat-Gazette (Little Rock)
January 31, 2009
The WalMart Foundation on Friday awarded $778,000 in grants to 12 Arkansas nonprofit organizations and projects at WalMart Super centers in west Little Rock, Pine Bluff and Fort Smith.
They are: Arkansas Literacy Councils Inc. received $250,000 for print and electronic instruction materials to teach adults English, writing and math skills.
January 31, 2009
The WalMart Foundation on Friday awarded $778,000 in grants to 12 Arkansas nonprofit organizations and projects at WalMart Super centers in west Little Rock, Pine Bluff and Fort Smith.
They are: Arkansas Literacy Councils Inc. received $250,000 for print and electronic instruction materials to teach adults English, writing and math skills.
Food Pantries To Get Wal-Mart Donations
The Post-Standard (Syracuse, New York)
January 27, 2009
The Fulton WalMart will give a total of $8,650 to eight food pantries and a fire department today, the company announced. The store decided to use its charitable contributions to nurture local pantries and help the Richland Fire Department make the community -- where nine people have died in the last month in fires -- safer.
January 27, 2009
The Fulton WalMart will give a total of $8,650 to eight food pantries and a fire department today, the company announced. The store decided to use its charitable contributions to nurture local pantries and help the Richland Fire Department make the community -- where nine people have died in the last month in fires -- safer.
Check gives YMCA a boost
Idaho Falls Post Register (Idaho)
January 28, 2009
WalMart and Sam's Club gave $100,000 to the Idaho Falls YMCA, which will be used for the organization's after-school program.
The $100,000 check was made out to the YMCA, but Idaho children will be the real beneficiaries.
The check awarded Tuesday came through a grant from Sam's Club and the WalMart State Giving Foundation.
January 28, 2009
WalMart and Sam's Club gave $100,000 to the Idaho Falls YMCA, which will be used for the organization's after-school program.
The $100,000 check was made out to the YMCA, but Idaho children will be the real beneficiaries.
The check awarded Tuesday came through a grant from Sam's Club and the WalMart State Giving Foundation.
WalMart Secures Majority Stake In D&S
Americas Food and Drink Insights
March 1, 2009
The world's largest retailer WalMart Stores has announced that its tender offer for Chile's leading supermarket operator D&S has been successful.
WalMart has so far managed to secure a 58.2% stake in the business and is likely to eventually own almost 60%, with what's left remaining in the hands of the founding family.
BMI has previously discussed the regional implications and will now comment on how the move is likely to impact the retailing landscape in Chile.
March 1, 2009
The world's largest retailer WalMart Stores has announced that its tender offer for Chile's leading supermarket operator D&S has been successful.
WalMart has so far managed to secure a 58.2% stake in the business and is likely to eventually own almost 60%, with what's left remaining in the hands of the founding family.
BMI has previously discussed the regional implications and will now comment on how the move is likely to impact the retailing landscape in Chile.
Women Entrepreneurs Accelerate U.S. Economy in Year-Long "Race" to Create Jobs and Build Small Businesses
Sam’s Club® Champions Small Business by Supporting the Make Mine a Million $ Business RACE
New York, February 2, 2009 – Women entrepreneurs across the country are taking charge of their businesses and their families' livelihoods by joining the Make Mine a Million $ Business RACE (M3 RACE) launched by Count Me In for Women’s Economic Independence, the leading national not-for-profit provider of business resources and community support for women entrepreneurs. Sam’s Club today reiterated its continued commitment to women entrepreneurs and small business by underwriting the first 625 women entrepreneurs in the Make Mine a Million $ Business RACE, in part through a donation from the Wal-Mart Foundation for $580,000.
The Make Mine a Million $ Business RACE is a year-long business growth marathon to inspire thousands of women entrepreneurs across the country to hit their revenue goals and provide them with business coaching and expert advice, innovative online business growth resources, access to new markets, and a supportive community of peers.
“In these uncertain times, when the economy is contracting and changing, small business owners are providing solutions. We are thrilled to have Sam’s Club as a partner who realizes women entrepreneurs are the economy’s secret weapon, with the strength to build and grow businesses, create jobs and secure the futures of their families,” said Count Me In’s Founder and CEO, Nell Merlino.
Women entrepreneurs in the M3 RACE choose their own “pace” for their 2009 business revenue goal: $250,000, $500,000 or one million dollars or more. The M3 RACE Grand Prize is $100,000 plus a year of marketing and media opportunities. Coveted business-building prizes and recognition will be awarded to runner-up women-owned businesses in each state and industry who reach their revenue target for the year. Live national events, Webinars and events at local Sam’s Club locations will bring women entrepreneurs in the M3 RACE together for expert and peer learning on business-related topics and opportunities to reach new national markets with founding sponsor American Express OPEN, Dell, FedEx, JetBlue and Reader's Digest. M3 Racers can also gain valuable perspectives on entrepreneurship from Nell Merlino's business blog.
Exclusively for the Sam’s Club M3 RACE community, the 625 women entrepreneurs will receive a Sam’s Club membership, conference calls led by experts on topics critical to business growth, and access to Count Me In's M3 RACE online business growth assessment tool and digital financial dashboard to help participants identify where their business stands and what they need to reach their 2009 goal.
"This program is about building up small business in America and we think that's a great place to invest our resources and time," said Sharon Orlopp, Senior Vice President, People Division at Sam’s Club. "Our participation also gives us the opportunity to further demonstrate our commitment to women entrepreneurs, and the millions of small businesses that rely on us everyday to provide quality products or services at great values."
“Sam’s Club allows us to buy office supplies and the tools we need to support our customers at very affordable rates and that is going to make us more successful,” said Jess McLamb, The Roper Group and one of the first Sam’s Club- sponsored M3 RACE participants.
There are 1.8 million women business owners in what the experts call the "missing middle," women with businesses earning annual revenues of $250,000 to $750,000. Through its successful business growth programs, Count Me In has learned that coaching, expert advice, and peer networking are the key ingredients for women entrepreneurs to hire new employees, innovate new products and services and ramp up their businesses. The M3 RACE aims to inspire at least 175,000 growing or new women-owned businesses, and create 500,000 new jobs for the American economy.
To kick off the M3 RACE, Sam’s Club is hosting a special event for small businesses at its Secaucus, NJ location on February 12, 2009 during its Gold Key hours 7:00 to 9:45 am.
The M3 RACE starts online where women enroll to race and declare their revenue goals for 2009. The M3 RACE ends on midnight, December 31, 2009.
New York, February 2, 2009 – Women entrepreneurs across the country are taking charge of their businesses and their families' livelihoods by joining the Make Mine a Million $ Business RACE (M3 RACE) launched by Count Me In for Women’s Economic Independence, the leading national not-for-profit provider of business resources and community support for women entrepreneurs. Sam’s Club today reiterated its continued commitment to women entrepreneurs and small business by underwriting the first 625 women entrepreneurs in the Make Mine a Million $ Business RACE, in part through a donation from the Wal-Mart Foundation for $580,000.
The Make Mine a Million $ Business RACE is a year-long business growth marathon to inspire thousands of women entrepreneurs across the country to hit their revenue goals and provide them with business coaching and expert advice, innovative online business growth resources, access to new markets, and a supportive community of peers.
“In these uncertain times, when the economy is contracting and changing, small business owners are providing solutions. We are thrilled to have Sam’s Club as a partner who realizes women entrepreneurs are the economy’s secret weapon, with the strength to build and grow businesses, create jobs and secure the futures of their families,” said Count Me In’s Founder and CEO, Nell Merlino.
Women entrepreneurs in the M3 RACE choose their own “pace” for their 2009 business revenue goal: $250,000, $500,000 or one million dollars or more. The M3 RACE Grand Prize is $100,000 plus a year of marketing and media opportunities. Coveted business-building prizes and recognition will be awarded to runner-up women-owned businesses in each state and industry who reach their revenue target for the year. Live national events, Webinars and events at local Sam’s Club locations will bring women entrepreneurs in the M3 RACE together for expert and peer learning on business-related topics and opportunities to reach new national markets with founding sponsor American Express OPEN, Dell, FedEx, JetBlue and Reader's Digest. M3 Racers can also gain valuable perspectives on entrepreneurship from Nell Merlino's business blog.
Exclusively for the Sam’s Club M3 RACE community, the 625 women entrepreneurs will receive a Sam’s Club membership, conference calls led by experts on topics critical to business growth, and access to Count Me In's M3 RACE online business growth assessment tool and digital financial dashboard to help participants identify where their business stands and what they need to reach their 2009 goal.
"This program is about building up small business in America and we think that's a great place to invest our resources and time," said Sharon Orlopp, Senior Vice President, People Division at Sam’s Club. "Our participation also gives us the opportunity to further demonstrate our commitment to women entrepreneurs, and the millions of small businesses that rely on us everyday to provide quality products or services at great values."
“Sam’s Club allows us to buy office supplies and the tools we need to support our customers at very affordable rates and that is going to make us more successful,” said Jess McLamb, The Roper Group and one of the first Sam’s Club- sponsored M3 RACE participants.
There are 1.8 million women business owners in what the experts call the "missing middle," women with businesses earning annual revenues of $250,000 to $750,000. Through its successful business growth programs, Count Me In has learned that coaching, expert advice, and peer networking are the key ingredients for women entrepreneurs to hire new employees, innovate new products and services and ramp up their businesses. The M3 RACE aims to inspire at least 175,000 growing or new women-owned businesses, and create 500,000 new jobs for the American economy.
To kick off the M3 RACE, Sam’s Club is hosting a special event for small businesses at its Secaucus, NJ location on February 12, 2009 during its Gold Key hours 7:00 to 9:45 am.
The M3 RACE starts online where women enroll to race and declare their revenue goals for 2009. The M3 RACE ends on midnight, December 31, 2009.
WalMart Tests New Hybrid Trucks, Alternative Fuels
Company surpasses goal of 25 percent fleet efficiency gain in three years
Feb. 2, 2008, WalMart Stores, Inc. announced it will test two new types of heavy-duty commercial hybrid trucks and two different alternatively fueled heavy duty trucks as a part of the company’s efforts to build on its progress in developing a more sustainable trucking fleet.
The new trucks include:
* A full-propulsion Arvin Meritor hybrid that will initially operate in the Detroit area. This dual-mode diesel-electric hybrid is believed to be the first vehicle of its type;
* Fifteen trucks operating in Buckeye, Ariz. distribution center near Phoenix, will be converted to run on Reclaimed Grease Fuel TM, made with the waste brown cooking grease from Walmart stores. In addition, the remaining trucks located in the Buckeye distribution center will operate on an 80/20 blend of bio diesel made of reclaimed yellow waste grease;
* Five Peterbilt Model 386 heavy duty hybrid trucks with diesel-electric hybrid power systems developed by Eaton Corporation and PACCAR, that will be based in Dallas, Houston, Apple Valley, Calif., Atlanta and the Washington/Baltimore regions and;
* Four Peterbilt Model 386 trucks and one yard truck, which operates only on the distribution center property, will operate on liquid natural gas. These trucks are part of a partnership with the Mojave Air Quality Management District and will operate out of the distribution center in Southern California.
“In order to meet our goal of doubling our fleet efficiency, we are taking an active role in the development of these technologies,” said Chris Sultemeier, senior vice president of transportation for WalMart Stores, Inc. “We look forward to determining if these technologies will help reduce our environmental footprint, are viable for our business and provide a return on investment.”
WalMart achieved more than a 25 percent increase in efficiency within its private fleet between 2005 and 2008, surpassing one of the company’s stated sustainability goals. By reaching this goal, WalMart has been able to reduce its carbon dioxide emissions and its fuel use. This goal was reached by using a combination of new, innovative technologies, better delivery routes and by loading its trailers more efficiently. Now, the company is working toward its goal of doubling its fleet efficiency by 2015, from its 2005 baseline. Part of this pilot program is to determine if alternatively fueled trucks can help move WalMart toward that goal in addition to reducing environmental impacts.
WalMart has actively engaged several suppliers to develop and test these new technologies. This includes Arvin Meritor, Eaton, Peterbilt and International as well as smaller companies. WalMart will test these new technologies throughout 2009.
Feb. 2, 2008, WalMart Stores, Inc. announced it will test two new types of heavy-duty commercial hybrid trucks and two different alternatively fueled heavy duty trucks as a part of the company’s efforts to build on its progress in developing a more sustainable trucking fleet.
The new trucks include:
* A full-propulsion Arvin Meritor hybrid that will initially operate in the Detroit area. This dual-mode diesel-electric hybrid is believed to be the first vehicle of its type;
* Fifteen trucks operating in Buckeye, Ariz. distribution center near Phoenix, will be converted to run on Reclaimed Grease Fuel TM, made with the waste brown cooking grease from Walmart stores. In addition, the remaining trucks located in the Buckeye distribution center will operate on an 80/20 blend of bio diesel made of reclaimed yellow waste grease;
* Five Peterbilt Model 386 heavy duty hybrid trucks with diesel-electric hybrid power systems developed by Eaton Corporation and PACCAR, that will be based in Dallas, Houston, Apple Valley, Calif., Atlanta and the Washington/Baltimore regions and;
* Four Peterbilt Model 386 trucks and one yard truck, which operates only on the distribution center property, will operate on liquid natural gas. These trucks are part of a partnership with the Mojave Air Quality Management District and will operate out of the distribution center in Southern California.
“In order to meet our goal of doubling our fleet efficiency, we are taking an active role in the development of these technologies,” said Chris Sultemeier, senior vice president of transportation for WalMart Stores, Inc. “We look forward to determining if these technologies will help reduce our environmental footprint, are viable for our business and provide a return on investment.”
WalMart achieved more than a 25 percent increase in efficiency within its private fleet between 2005 and 2008, surpassing one of the company’s stated sustainability goals. By reaching this goal, WalMart has been able to reduce its carbon dioxide emissions and its fuel use. This goal was reached by using a combination of new, innovative technologies, better delivery routes and by loading its trailers more efficiently. Now, the company is working toward its goal of doubling its fleet efficiency by 2015, from its 2005 baseline. Part of this pilot program is to determine if alternatively fueled trucks can help move WalMart toward that goal in addition to reducing environmental impacts.
WalMart has actively engaged several suppliers to develop and test these new technologies. This includes Arvin Meritor, Eaton, Peterbilt and International as well as smaller companies. WalMart will test these new technologies throughout 2009.
Bharti Wal-Mart Cash-and-Carry Wholesale Stores to be named "BestPrice Modern Wholesale"
* “BestPrice Modern Wholesale” stores, a one-stop-shop will offer multiple benefits of price, convenience, choice, quality and hygiene for Business to Business customers
* Registration for membership by bonafide retailers and business owners in Punjab now open
Bharti WalMart Private Limited (Bharti WalMart), the joint venture between Bharti Enterprises and Wal-Mart Stores Inc for wholesale, Business to Business, cash-and-carry and back-end supply chain management operations in India, today announced that its self-service wholesale stores will be named “BestPrice Modern Wholesale.”
Scheduled to open in Punjab 2009, membership registration for “Best Price Modern Wholesale” stores by bona fide business owners has begun and 50,000 – 65,000 business owners are expected to benefit from the membership. Offering the advantage of best fixed and fair prices with unmatched convenience, choice, quality and hygiene, the stores will be open exclusively to business owners, not end-consumers. The “Best Price Modern Wholesale” store will be a one-stop shop that meets the day-to-day needs of traders, restaurant owners, hoteliers, caterers, fruit and vegetable resellers, kiranas, other retail store owners, offices and institutions.
A wide range of 6,000 to 10,000 products, including food and non-food items, will be available at favorable wholesale prices, allowing retailers and business owners to increase their efficiencies and lower their cost of operations. Over 90% of these goods and services are expected to be sourced locally thereby helping keep costs to a minimum, adding to the growth of the local economy and creating job opportunities, with each cash and carry store directly employing over 170 local people.
Mr Raj Jain, Managing Director and CEO, Bharti WalMart Pvt. Ltd. Said, “When we announced the JV in August 2007 year we gave ourselves a window of 18-24 months to launch our first wholesale cash-and-carry store. We are firmly on track and we have begun registration of membership in Punjab in advance of the store opening to enable us to better forecast and serve the needs our commercial customers.”
Mr Jain added, “Following careful market research, the Best Price Modern Wholesale store name reflects what business owners can expect at our self-service stores -- best, fixed and fair prices for a wide assortment and variety of high quality merchandise that will help them better serve their customers so that they can save money and live better.”
Mr. Rajan Bharti Mittal, Vice Chairman and Managing Director, Bharti Enterprises said,
"We are pleased that the Bharti-WalMart partnership is bringing in developments in the modern retailing sector that will add significantly to the growth of this sector in India. The JV's focus has been to put in place a robust back-end infrastructure driven by world-class processes and technologies. With this venture, we propose to bring great value on the one hand to farmers, artisans and small & big manufacturers and on the other hand to retailers, kirana stores, and big & small businesses that will have access to better quality products at favorable prices. With our Cash & Carry stores, many businesses from across the country will benefit from our efficiencies to add value to their business."
The assortment, service and store layout of “BestPrice Modern Wholesale” store will be customised to the specific needs of commercial customers who can walk in to the store and source high quality products in the quantities they need and at the time they require, all under one roof.
For example, a kirana store, otherwise hard pressed for space, can take advantage of the “Best Price Modern Wholesale” store by using it as their warehouse, thus freeing up their capital for their businesses rather than lock it up in inventory.
Hotel and restaurant owners will get the opportunity to buy the best quality fresh produce on a daily basis including a wide assortment of fresh fruits and vegetables, dairy products as well as hygienically cleaned fish and meat. By ensuring they receive a regular supply of fresh produce, hotel and restaurant owners can focus on their core business of providing exciting menus that please their customers. Special attention is being focused on hygiene and sanitation conditions both at the stores as well as by suppliers so that customers are assured about the quality and hygiene standards.
The Bharti WalMart JV has already opened a Distribution Centre near Chandigarh and more distribution centres, each catering to facilities located within a distance of 100-150 km, are expected to be opened in due course. These Distribution Centres will service both the cash-and-carry stores as well as large retailers like Bharti Retail. The JV is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 5,000 people over the next seven years.
About Bharti WalMart Private Limited
Bharti WalMart Private Limited is a business-to-business (B2B) joint venture between Bharti Enterprises and WalMart for wholesale cash-and-carry and back-end supply chain management operations in India to serve small retailers, manufacturers and farmers. The joint venture (JV) has already set up a Distribution Centre in Punjab which will partly service the merchandise needs of the JV’s cash-and-carry stores as well as retail stores around the area, including Bharti Retail’s wholly owned Easy Day stores. The JV is scheduled to launch its first B2B wholesale cash-and-carry store in northern India in 2009. A typical cash-and-carry store will stand between 50,000 and 100,000 square feet and sell a wide range of fruits and vegetables, groceries, footwear, clothing and other general merchandise items. The JV is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 5,000 people over the next seven years.
* Registration for membership by bonafide retailers and business owners in Punjab now open
Bharti WalMart Private Limited (Bharti WalMart), the joint venture between Bharti Enterprises and Wal-Mart Stores Inc for wholesale, Business to Business, cash-and-carry and back-end supply chain management operations in India, today announced that its self-service wholesale stores will be named “BestPrice Modern Wholesale.”
Scheduled to open in Punjab 2009, membership registration for “Best Price Modern Wholesale” stores by bona fide business owners has begun and 50,000 – 65,000 business owners are expected to benefit from the membership. Offering the advantage of best fixed and fair prices with unmatched convenience, choice, quality and hygiene, the stores will be open exclusively to business owners, not end-consumers. The “Best Price Modern Wholesale” store will be a one-stop shop that meets the day-to-day needs of traders, restaurant owners, hoteliers, caterers, fruit and vegetable resellers, kiranas, other retail store owners, offices and institutions.
A wide range of 6,000 to 10,000 products, including food and non-food items, will be available at favorable wholesale prices, allowing retailers and business owners to increase their efficiencies and lower their cost of operations. Over 90% of these goods and services are expected to be sourced locally thereby helping keep costs to a minimum, adding to the growth of the local economy and creating job opportunities, with each cash and carry store directly employing over 170 local people.
Mr Raj Jain, Managing Director and CEO, Bharti WalMart Pvt. Ltd. Said, “When we announced the JV in August 2007 year we gave ourselves a window of 18-24 months to launch our first wholesale cash-and-carry store. We are firmly on track and we have begun registration of membership in Punjab in advance of the store opening to enable us to better forecast and serve the needs our commercial customers.”
Mr Jain added, “Following careful market research, the Best Price Modern Wholesale store name reflects what business owners can expect at our self-service stores -- best, fixed and fair prices for a wide assortment and variety of high quality merchandise that will help them better serve their customers so that they can save money and live better.”
Mr. Rajan Bharti Mittal, Vice Chairman and Managing Director, Bharti Enterprises said,
"We are pleased that the Bharti-WalMart partnership is bringing in developments in the modern retailing sector that will add significantly to the growth of this sector in India. The JV's focus has been to put in place a robust back-end infrastructure driven by world-class processes and technologies. With this venture, we propose to bring great value on the one hand to farmers, artisans and small & big manufacturers and on the other hand to retailers, kirana stores, and big & small businesses that will have access to better quality products at favorable prices. With our Cash & Carry stores, many businesses from across the country will benefit from our efficiencies to add value to their business."
The assortment, service and store layout of “BestPrice Modern Wholesale” store will be customised to the specific needs of commercial customers who can walk in to the store and source high quality products in the quantities they need and at the time they require, all under one roof.
For example, a kirana store, otherwise hard pressed for space, can take advantage of the “Best Price Modern Wholesale” store by using it as their warehouse, thus freeing up their capital for their businesses rather than lock it up in inventory.
Hotel and restaurant owners will get the opportunity to buy the best quality fresh produce on a daily basis including a wide assortment of fresh fruits and vegetables, dairy products as well as hygienically cleaned fish and meat. By ensuring they receive a regular supply of fresh produce, hotel and restaurant owners can focus on their core business of providing exciting menus that please their customers. Special attention is being focused on hygiene and sanitation conditions both at the stores as well as by suppliers so that customers are assured about the quality and hygiene standards.
The Bharti WalMart JV has already opened a Distribution Centre near Chandigarh and more distribution centres, each catering to facilities located within a distance of 100-150 km, are expected to be opened in due course. These Distribution Centres will service both the cash-and-carry stores as well as large retailers like Bharti Retail. The JV is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 5,000 people over the next seven years.
About Bharti WalMart Private Limited
Bharti WalMart Private Limited is a business-to-business (B2B) joint venture between Bharti Enterprises and WalMart for wholesale cash-and-carry and back-end supply chain management operations in India to serve small retailers, manufacturers and farmers. The joint venture (JV) has already set up a Distribution Centre in Punjab which will partly service the merchandise needs of the JV’s cash-and-carry stores as well as retail stores around the area, including Bharti Retail’s wholly owned Easy Day stores. The JV is scheduled to launch its first B2B wholesale cash-and-carry store in northern India in 2009. A typical cash-and-carry store will stand between 50,000 and 100,000 square feet and sell a wide range of fruits and vegetables, groceries, footwear, clothing and other general merchandise items. The JV is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 5,000 people over the next seven years.
Monday, February 2, 2009
WalMart's retiring CEO gets send-off at meeting
A quarterly meeting Monday at WalMart Stores Inc.'s home office in Bentonville served as a semipublic send-off to retiring President and Chief Executive Officer H. Lee Scott, who pushed environmental initiatives in his final years at the helm.
Scott's efforts to reduce energy use throughout the company's operations, promote environmentally friendly products and reduce packaging helped turn around the public image of the company, which had become the target of criticism by labor unions and environmental groups.
Scott's efforts to reduce energy use throughout the company's operations, promote environmentally friendly products and reduce packaging helped turn around the public image of the company, which had become the target of criticism by labor unions and environmental groups.
Walmart Offers $9 Smoking Cessation Starter Pack
Retailer Provides Motivation with a Value-Filled Option for Customers to Become Smoke-Free in 2009
To help motivated consumers quit smoking and to further its Operation Main Street efforts to save customers money on prescription medications, Walmart today announced that it has expanded its affordable pharmacy program to include a smoking cessation prescription starter pack for $9, the lowest price on the market.* The $9 starter pack of bupropion ER 150mg, the generic equivalent of Zyban, is now available at Walmart, Neighborhood Market and Sam’s Club pharmacies in a 17-tablet, 10-day supply. This announcement is part of the retailer’s January Healthy Living initiative, which aims to help Americans maintain their better eating, smoking cessation and exercise pledges in 2009.
“Times are tight right now, and Walmart is committed to helping our customers maintain their healthy lifestyles in both good economic times and bad,” said Dr. John Agwunobi, Walmart senior vice president and president, health and wellness. “With our affordable smoking cessation offerings, we’re hopeful that smokers who are committed to quitting will be able to get the tools they need to stop smoking and still be able to afford everyday household items so they can live better.”
According to the Centers for Disease Control and Prevention (CDC), nearly 43 million Americans currently smoke, with 70 percent of them saying they want to stop. However – given today’s current economic landscape – money previously set aside for smoking cessation products may now be re-allocated toward items American families need most. Smoking cessation medication for $9 at Walmart may help reverse this trend as the bupropion ER starter pack – initiated at the request of both health care professionals and customers – is low-priced and affordable for consumers who want to quit.
According to the CDC, smoking cessation treatments, including counseling and medications, can double quitting success rates. In addition to the bupropion ER starter pack, Walmart also currently offers the following over-the-counter and prescription products for consumers and physicians to consider for continued success toward a smoke-free lifestyle:
* Nicorette Coated Gum 120-count bonus pack, assorted flavors ($39.84)
* NicoDerm Step 1 21-count bonus pack patches or Step 2 14-count patches ($39.84)
* Commit Lozenges 96-count bonus pack, assorted flavors ($34.84)
* Equate-Brand Nicotine Gum, Patches, and Lozenges
* 60-tablet, 30-day supply of bupropion ER 150mg ($27)
“Quitting smoking is tough, but we know that when smokers have the resources available to help, their rates of success are higher,” said Terry Music, chief mission officer, American Cancer Society. “In addition to accessing smoking cessation medications, smokers wanting to quit should make a quit plan to further increase their chance of success. By calling the American Cancer Society Quitline® at 1-800-227-2345, smokers can talk with a trained counselor who can explain how best to use the cessation treatments and provide other tips and tools to help in a successful quit attempt.”
At more than 3,000 stores and super centers nationwide, customers can now find over-the-counter smoking cessation products permanently featured in the tobacco area.
To help motivated consumers quit smoking and to further its Operation Main Street efforts to save customers money on prescription medications, Walmart today announced that it has expanded its affordable pharmacy program to include a smoking cessation prescription starter pack for $9, the lowest price on the market.* The $9 starter pack of bupropion ER 150mg, the generic equivalent of Zyban, is now available at Walmart, Neighborhood Market and Sam’s Club pharmacies in a 17-tablet, 10-day supply. This announcement is part of the retailer’s January Healthy Living initiative, which aims to help Americans maintain their better eating, smoking cessation and exercise pledges in 2009.
“Times are tight right now, and Walmart is committed to helping our customers maintain their healthy lifestyles in both good economic times and bad,” said Dr. John Agwunobi, Walmart senior vice president and president, health and wellness. “With our affordable smoking cessation offerings, we’re hopeful that smokers who are committed to quitting will be able to get the tools they need to stop smoking and still be able to afford everyday household items so they can live better.”
According to the Centers for Disease Control and Prevention (CDC), nearly 43 million Americans currently smoke, with 70 percent of them saying they want to stop. However – given today’s current economic landscape – money previously set aside for smoking cessation products may now be re-allocated toward items American families need most. Smoking cessation medication for $9 at Walmart may help reverse this trend as the bupropion ER starter pack – initiated at the request of both health care professionals and customers – is low-priced and affordable for consumers who want to quit.
"The public health community has long recognized that the cost of either cigarettes or smoking cessation medications has served as a determining factor for smokers to continue smoking or finally to decide to quit," said Cheryl G. Healton, Dr. P.H., President and CEO of the American Legacy Foundation. "This move by Walmart to provide science-based smoking cessation therapies that smokers can more easily afford is a huge step forward in helping millions of smokers finally quit for good. We applaud Walmart and hope other retailers will follow their example. It can only result in longer, healthier lives."
According to the CDC, smoking cessation treatments, including counseling and medications, can double quitting success rates. In addition to the bupropion ER starter pack, Walmart also currently offers the following over-the-counter and prescription products for consumers and physicians to consider for continued success toward a smoke-free lifestyle:
* Nicorette Coated Gum 120-count bonus pack, assorted flavors ($39.84)
* NicoDerm Step 1 21-count bonus pack patches or Step 2 14-count patches ($39.84)
* Commit Lozenges 96-count bonus pack, assorted flavors ($34.84)
* Equate-Brand Nicotine Gum, Patches, and Lozenges
* 60-tablet, 30-day supply of bupropion ER 150mg ($27)
“Quitting smoking is tough, but we know that when smokers have the resources available to help, their rates of success are higher,” said Terry Music, chief mission officer, American Cancer Society. “In addition to accessing smoking cessation medications, smokers wanting to quit should make a quit plan to further increase their chance of success. By calling the American Cancer Society Quitline® at 1-800-227-2345, smokers can talk with a trained counselor who can explain how best to use the cessation treatments and provide other tips and tools to help in a successful quit attempt.”
At more than 3,000 stores and super centers nationwide, customers can now find over-the-counter smoking cessation products permanently featured in the tobacco area.
Asthma Sufferers Breathe Easier as Walmart Announces $9 Environmentally Sustainable Inhaler
As part of its continued commitment to provide accessible, affordable medications to those who need it most, Walmart today announced it will carry an environmentally friendly albuterol rescue inhaler starting at $9, the lowest-priced inhaler on the market. The ReliOn® Ventolin HFA inhalers, sold exclusively at Walmart*, will ease the transition as asthma sufferers are forced to replace their CFC-powered inhalers with new HFA inhalers in the new year to comply with an FDA mandate.
“While some HFA inhalers may sell for as much as $60 for certain brands, our $9 ReliOn Ventolin HFA inhaler will ease the financial burden for sufferers of asthma who should not go without these life-saving medications,” said Sandy Kinsey, Walmart’s divisional merchandise manager for pharmacy. “As an advocate for our customers, we’re committed to ensuring they have access to affordable medicine they cannot live without.”
According to the 2007 National Institutes of Health (NIH) asthma treatment guidelines, overuse of albuterol is a sign of uncontrolled asthma. With 60 metered inhalations, the ReliOn Ventolin HFA inhaler helps both patients and health care professionals monitor and track usage via the dose counter to identify overuse of albuterol. Additionally, it helps patients track how many puffs remain in their inhaler so they do not run out of their rescue medication when they need it most.
“While some HFA inhalers may sell for as much as $60 for certain brands, our $9 ReliOn Ventolin HFA inhaler will ease the financial burden for sufferers of asthma who should not go without these life-saving medications,” said Sandy Kinsey, Walmart’s divisional merchandise manager for pharmacy. “As an advocate for our customers, we’re committed to ensuring they have access to affordable medicine they cannot live without.”
According to the 2007 National Institutes of Health (NIH) asthma treatment guidelines, overuse of albuterol is a sign of uncontrolled asthma. With 60 metered inhalations, the ReliOn Ventolin HFA inhaler helps both patients and health care professionals monitor and track usage via the dose counter to identify overuse of albuterol. Additionally, it helps patients track how many puffs remain in their inhaler so they do not run out of their rescue medication when they need it most.
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