Wal-Mart to Double Spending at Women-Owned Businesses

More merchandise produced by women-owned businesses will be seen on Wal-Mart shelves over the next five years.  Yesterday Wal-Mart announced a plan to double the money spent purchasing from these businesses.

Through 2016 Wal-Mart plans to spend $5 billion every year with suppliers owned by women, last year Wal-Mart spent $2.5 billion.  In addition Wal-Mart says they will double spending at international women-owned businesses.

The announcement comes after a gender-bias lawsuit, filed by over one million female workers at Wal-Mart claiming they discriminated against, was thrown out by the U.S. Supreme Court in June.

Wal-Mart’s announcement yesterday means that women-owned businesses will be receiving an additional $12.5 billion over the next five years.  With the recent press around Wal-Mart’s sexual discrimination lawsuit the mega-company is trying to restore their reputation, and female small business owners will benefit.

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Posted on September 15, 2011, in Uncategorized. Bookmark the permalink. 1 Comment.

  1. Good for Walmart, It is increasing important that women in business have more opportunities. It will mean that women owned companies will need to step up the sales effort. If you are a female entrepreneur be aggressive. Get in the door now.

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