Wow!!! That's like O.J. admitting he killed Nicole!!!
Yes WM buys 20 billion directly from china only...just like they say.
Well, actually $9 billion.
And yes, they buy the rest from American suppliers like Stanley tools, GE and Black & Decker.... who just happen to buy from china. It's not what WM is telling you but the omission facts they are leaving out.
Doesn't look like they're leaving anything out.
Myth: 70 percent of the merchandise sold at our stores comes from China.
Fact: The special interest group who makes this claim doesn't tell you where it got that statistic. In actuality, Wal-Mart's business with U.S. suppliers remains strong and healthy.
In 2004, Wal-Mart spent more than $150 billion for U.S. products and services sold at our stores. A single company with sales of that magnitude would rank #6 on the Fortune 500. You can count on this fact, too: The products and services from US suppliers sold at Wal-Mart stores provide good jobs to more than 3 million employees at 61,000 suppliers in states across America.
Wal-Mart estimates that we purchased about $18 billion from China last year -- about $9 billion imported from direct sources and about $9 billion from indirect sources -- compared to $150 billion spent last year with all kinds of suppliers in the U.S.
See, the indirect sources would be companies like Stanley Tools, GE and Black & Decker.