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Walmart unveils U.S. manufacturing projects
Walmart U.S. president and CEO Bill Simon and Secretary of Commerce Penny Pritzker announced at the SelectUSA 2013 Investment Summit that three suppliers have made new domestic manufacturing commitments that will create 385 jobs.
The move is part of the retailer’s previously announced pledge to buy an additional $50 billion in U.S.-made products over the next decade.
Walmart said that Elan-Polo, Louis Hornick & Company and EveryWare Global will produce footwear, curtains and glassware, respectively.
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Customer service credited for bolstering Publix’s Q3
Publix credited its customer service for helping fuel third-quarter sale sales of $7 billion, a 5.6% increase from last year’s $6.7 billion. Comparable-store sales for the third quarter of 2013 increased 4.1%.
The company reported net earnings for the quarter of $359.9 million, a decrease of 2.3% from $368.4 million in 2012. Earnings per share for the third quarter decreased to $0.46 for 2013, down from $0.47 per share in 2012.