Walmart Seeks To Strengthen Local Community Engagement Through The “Walmart Rise Initiative “
Wal-mart Stores, Inc. (WMT) recently announced that their program called “Walmart Rise initiative” is positioned to empower local communities while simultaneously allowing local communities to become closer and to deepen their connection. As a part of the initiative, the company will shell out an additional $5,000 to all Walmart stores and distribution centers across the U.S totaling to $24 million. The move will include Walmart employees and customers and encourage them to look for ways to invest the above amount in the most positive and beneficial manner for their local community.
Last year, Walmart had invested $42 million in local grants and donated 640 million pounds of food to local food banks. Other operational programs of the initiative include animal shelters, clean-up projects, and elder services. The initiative is reported to be a source of huge pride for Walmart employees as its associates volunteered for 776,000 hours in aid to develop local communities.
Greg Foran, president, and CEO, Walmart U.S stated “We’ve been on a journey over the last few years to strengthen our business. It started with investing in education, training, and wages for our people. We’ve invested in our stores and eCommerce and delivered lower prices to our customers. Now we’re focused on further strengthening our role in communities, transforming our community giving and deepening our local relationships,” as per reports.
Wal-mart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Wal-mart U.S., Wal-mart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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