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Corporate Social Responsibility
News
5.14.2008 - 09:04am ET
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Wal-Mart Donates More Than RMB 3 Million to Support Earthquake Relief in China
(CSRwire) BENTONVILLE, Ark., May 13 /PRNewswire-FirstCall/ -- Wal-Mart announced
today it is providing more than RMB 3 million (US $430,000) in disaster
relief and reconstruction for the central part of China that has been
affected by the worst earthquakes in more than 30 years. Monday's massive
earthquake, with an aftershock registering at 7.8 on the Richter scale,
caused significant loss of life and has left many others without homes and
power.
A portion of the RMB 3 million contribution will be given to the China
Red Cross for disaster relief. In addition, assistance will be provided to
help reconstruct the devastated communities. Partnering with local
communities and authorities, Wal-Mart stores and its Trust-Mart stores in
China have been providing essential supplies and assistance to our
associates, customers and neighbors in the impacted areas -- donating
water and other emergency related products such as food, batteries and
clothing, valued in the hundreds of thousands of RMB.
"Giving back to our communities, especially in a time of need, is part
of our culture," said Wal-Mart China President and CEO Ed Chan. "This
earthquake has brought much hardship and sorrow to Sichuan Province and
surrounding areas and we want to do our part to help those who have been
affected by this disaster."
"Every day we strive to improve the lives of the families who live in
the communities we serve. A crisis only reinforces that commitment," said
Vicente Trius, President and CEO, Wal-Mart Asia. "Given the impact of
this earthquake on our own communities and associates, we wanted to reach
out with assistance as soon as possible."
Wal-Mart began its retail operations in China in 1996 when it opened a
Supercenter and Sam's Club in Shenzhen. Neighborhood Markets soon followed,
and in February 2007, Wal-Mart China invested in the hypermarket chain
Trust-Mart, which operates more than 100 retail units. In total, Wal-Mart
and Trust-Mart currently operate 205 retail outlets in China.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters,
Neighborhood Markets and Sam's Club locations in the United States. The
Company operates in Argentina, Brazil, Canada, China, Costa Rica, El
Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and
the United Kingdom. Wal-Mart serves more than 176 million customers weekly
in 14 markets. The Company's securities are listed on the New York Stock
Exchange under the symbol WMT. For more information: www.walmartfacts.com.
About Wal-Mart in China
Wal-Mart entered the Chinese market and opened its first store in
Shenzhen in 1996. Currently Wal-Mart operates three store formats in China
including Supercenters, Sam's Clubs and Neighborhood Markets. It also holds
a 35% stake in Trust-Mart. As an outstanding corporate citizen, Wal-Mart
has donated funds and in-kind support worth more than RMB36 million to
local charity and welfare organizations over the past eleven years, and
has won awards such as "Best Employer", "Best Community Involvement",
"Supplier Satisfaction Recognition" and "Most Admired Company". For more
information about Wal-Mart in China, please visit www.wal-martchina.com.
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