The additional $5,000 per facility is a catalyst and the first initiative for Walmart Rise, a planned sustained effort to create a long-term cultural transformation around community engagement through stores to build closer communities. Other Walmart Rise initiatives will be rolled out further in the coming year.
“We’re part of neighborhoods and communities across the country, 4,800 of them. The role Walmart and our associates play in communities is an important part of our company’s heritage and a source of pride for us.” said Foran. “The spark we create makes a big difference to the communities where we have stores, and where our customers and associates live. We believe it’s a competitive advantage for us to support our communities while we provide convenient access to affordable, healthier food, good jobs, disaster relief and support for local causes our customers and associates care about.
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 275 million customers and members visit our more than 11,300 stores under 58 banners in 27 countries and eCommerce websites. With fiscal year 2019 revenue of $514.4 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.