Press Centre

Wal-Mart increase pledge for earthquake

Shenzhen, China, May 26, 2008 – Hearing firsthand from its customers and 5,500 associates affected by the recent China earthquakes, Wal-Mart has increased its pledge for relief to more than RMB 20 million (USD $3 million), to be used for community reconstruction. In the meantime, the company will vigorously explore the possibility of setting up a Wal-Mart foundation in China to help extend the company’s long-term disaster relief efforts.

In the days following the disaster, Wal-Mart, Trust-Mart and Wal-Mart Global Procurement together shipped more than 30 truckloads of emergency supplies to the devastated area and have assisted with logistics to help deliver goods. In addition, partnering with more than 200 suppliers, it held a nationwide charity sale outside its China Wal-Mart and Trust-Mart stores, with proceeds going to support the earthquake victims. The company’s customers and associates in China and around the world also have given millions of RMB in support.

“I am so proud of how our Wal-Mart , Trust-Mart and Global Procurement associates responded in true Wal-Mart fashion with urgency and speed to help those in need,” said Ed Chan, President and CEO Wal-Mart China. “As I have spoken with our associates about all their efforts, their response has always been, ‘It’s my duty.’”

While 15 stores were closed immediately after the earthquake, as of today only one store, located in Dujiangyan city, remains closed due to damage. Fortunately, Wal-Mart has now located all its associates, but more than 500 associates have either lost their homes or have severely damaged houses.

“During this time of hardship and sorrow, it has been amazing to see the support we have received from our Wal-Mart family around the world” Chan said. “Customers and associates from around the globe have really stepped up to help in a time of need.”

Posted in Press Centre on 28 May 2008