The one report every Walmart supplier should read
Suppliers to Walmart are always looking for ways to align themselves with the retailer and develop strategies that drive sales. Nothing could be more instructive on that front than 2015 version of a Global Responsibility Report, which reveals the company’s extensive social and environmental commitments and accomplishments.
The eighth annual edition of the document was released this week in conjunction with other material related to the company June 5 shareholders meeting.
GRR reports are common among major corporations, but the reason the document is must-reading for suppliers to the company is that it outlines social and environmental priorities aimed at creating economic opportunity for employees and others in the retail industry more broadly; enhancing the sustainability of Walmart’s operations and product supply chain; and strengthening communities in the places Walmart operates.Failing to understand such major directional issues and accomplishment is a huge miss for any supplier looking to achieve success with the world’s largest retailer.
Every day, Walmart brings affordable products and services to 260 million customers in 27 countries around the world. As the world’s largest retailer, we have committed to use our strengths to help others, by addressing social and environmental issues in collaboration with customers, suppliers, governments, non-profits, and other stakeholders,” said Kathleen McLaughlin, president of the Walmart Foundation and senior vice president of corporate affairs at Walmart.
We believe business exists to serve society. Our commitment to global responsibility goes beyond philanthropy – it is a whole company undertaking that is woven into our day-to-day business activities, creating value for business and society.”
The document is accessible by clicking here.
Founder of TJX Cos. to retire from board
The TJX Cos. Inc. announced Wednesday that Chairman Bernard Cammarata will retire following the company’s annual shareholder meeting scheduled for June 11.
Cammarata, 75, founder and chairman of the TJX Companies Inc., has nearly 40 years with the company.
Carol Meyrowitz, 61, who has served as CEO of TJX since January 2007, been a board director since 2006 and joined the company in 1983, will succeed him as chairman.
Cammarata has been chairman of the board of TJX since 1999. He founded T.J. Maxx in 1976 and served as its president until 1987. At that time, he was named president and CEO of TJX, and served in that position until 2000. Cammarata also was acting CEO of TJX from September 2005 to January 2007. He also previously served as chairman of The Marmaxx Group, the company’s largest division.
After his retirement from the board, Cammarata will remain with the company in an advisory role as founder and executive advisor.