BENTONVILLE, Ark., May 3, 2007 – Wal-Mart Stores, Inc. today announced it has been named one of the “Top 50 Companies for Diversity” by DiversityInc magazine, a leading publication providing news, resources and commentary on the role of diversity in corporations. Wal-Mart was selected for its continued dedication to diversity, both internally and externally. The publication recently unveiled the top companies during a live Web cast and its annual “Top 50” list will appear in the magazine’s June 2007 issue.
DiversityInc selected companies that emphasize diversity within their organizations, as well as in their field of business. Companies were evaluated through a 230-question survey, which included questions focused on CEO commitment, workforce representation, communications and supplier diversity, among other areas. Wal-Mart and other honorees were also recognized by the publication for significant representations of females and minorities at all levels of their organizations.
“At Wal-Mart, we are in the customer service business and we serve an increasingly diverse customer base. As a result, we recognize diversity as a business imperative, as well as the right thing to do. Without a strong understanding of diversity, we could not serve our customers and our communities, nor could we provide a positive work environment for our associates,” said Charlyn Jarrells Porter, chief diversity officer for Wal-Mart Stores, Inc. “We are honored to be recognized by DiversityInc magazine for our overall diversity practices and will continue to work to be a leader in this area.”
As one of the country’s largest private employers, Wal-Mart takes pride in maintaining a diverse and multi-cultural workforce at all levels. Today, the company employs more than 826,000 females, 237,000 African Americans, 154,000 Hispanics, more than 41,000 Asian Americans and more than 256,000 seniors who are 55 and older. Wal-Mart also partners with more than 3,500 diverse suppliers to provide the merchandise and services customers need and want.
Through the company’s ongoing commitment to diverse communities, Wal-Mart supports the charitable causes and organizations that are making a difference in the areas where customers and associates live, work and shop, while better connecting the retailer with its broad associate and customer base. The company maintains partnerships with organizations, such as the Hispanic Scholarship Fund, National Urban League, Asian Women in Business, among several others.
“DiversityInc Top 50 companies demonstrate a comprehensive understanding of management and differences in people,” said Luke Visconti, partner and co-founder of the publication. “They are better prepared to compete globally and within our rapidly diversifying domestic market.”
In recent years, Wal-Mart has been recognized for its continued dedication to diversity by various publications and organizations. Last year, Wal-Mart was listed as one of DiversityInc’s “Noteworthy Companies for Diversity,” as well as one of its “Top 10 Companies for African Americans.” In 2006, the company was also named one of the “40 Best Companies for Diversity” by Black Enterprise magazine and one of the “Top 30 Companies for Minorities” by The Diversity Network. Additionally, Wal-Mart has been honored as one of the “Top U.S. Companies for Asian Americans” by Asian Enterprise and “Corporate 100 Best Places to Work for Latinos” by Hispanic Magazine for the past three years.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Every week, more than 127 million customers visit Wal-Mart Stores, Supercenters, Neighborhood Markets, and Sam’s Club locations across America. The company and its Foundation are committed to a philosophy of giving back locally. Wal-Mart (NYSE: WMT) is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $270 million to local United States communities. To learn more, visit www.walmartfacts.com, www.walmart.com, or www.walmartfoundation.org.