Walmart U.S. President and CEO Bill Simon made the announcement while speaking at the National Retail Federation's annual BIG Show.
Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years. He says the retailer will help grow U.S. manufacturing on two fronts:
* By increasing what it already buys in the United States. * By helping to onshore U.S. production in high potential product areas, such as higher-end appliances.
"At the heart of our national political conversation today is one issue: creating jobs to grow the economy," said Simon. "We are meeting with our suppliers on domestic manufacturing and are making a strong commitment to move this forward."
