Wal-Mart Stores, Inc. Honored by Two Magazines Among the Top Companies for Diversity

Hispanic Business and Latin Business Magazines Praise the Retailer for its Strong Commitment to Diversity


BENTONVILLE, Ark., September 27, 2006 –Wal-Mart Stores, Inc. (NYSE: WMT) has received accolades twice in a month for its commitment to diversity.  Hispanic Business magazine named Wal-Mart among the “Top 50 Companies for Hispanics 2006,” highlighting its multicultural workforce, its increasing relationships with minority suppliers and its support of education initiatives that help Hispanics.  Latin Business magazine also included Wal-Mart in its “Corporate Diversity Honor Roll 2006,” in recognition for its supplier development program, its efforts to help small businesses access capital and its philanthropic efforts. 

In recent years, Wal-Mart has been recognized for its continued dedication to diversity by various publications.  In 2006, the company was among the Corporate 100 Best Places to Work for Latinos, Hispanic Magazine, Top U.S. Companies for Asian-Americans, Asian Enterprise; and Noteworthy Companies for Diversity, DiversityInc, among others.  
 
“At Wal-Mart, we remain committed to maintaining diversity in all aspects of our business, as well as the communities where we have a presence,” said Wal-Mart Stores, Inc. Chief Diversity Officer Charlyn Jarrells Porter.  “We are pleased to be recognized by Hispanic Business magazine and Latin Business magazine, for our overall diversity practices and will continue to work to be a leader in these areas.” 

Wal-Mart’s suppliers development program has grown from $2 million to more than $4.2 billion spent annually with minority and woman-owned firms.

Wal-Mart embraces diversity and has a long tradition of supporting all cultures in all facets of its business.  The company employs more than 225,000 African-Americans, 150,000 Hispanics and 815,000 females.  Wal-Mart’s 13-member board of directors includes two African-Americans, three females and two Hispanics. 

Wal-Mart Stores, Inc. (NYSE: WMT) operates Wal-Mart discount stores, supercenters, Neighborhood Markets and SAM’S CLUB locations in the United States.  The company has operations in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom.  The company’s securities are listed on the New York Stock Exchange and NYSE Arca, formerly the Pacific Stock Exchange, under the symbol WMT.  More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.

HISPANIC BUSINESS® magazine won the prestigious Maggie Award for "Best Business & Finance Magazine," and is syndicated by the New York Times Company. For more than 25 years, HISPANIC BUSINESS® magazine has been the market leader at delivering the Hispanic market.

LATIN BUSINESS is a national, bimonthly magazine that celebrates U.S. Latino entrepreneurs and professionals.  In each issue of Latin Business, you’ll find coverage of the latest trends affecting Latino entrepreneurs and professionals, as well as related commentary and advice columns. Regular feature subjects include diversity, finance, technology, education, media, and marketing.

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