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Wal-Mart pledges billions to aid women businesses

Wal-Mart http://www.walmart.com is slated to announce Wednesday that it will spend billions of dollars over the next five years to train female workers around the world and support women-owned businesses, the latest attempt by the world’s largest retailer to tackle broad social issues and shore up its image.

The commitment includes $100 million in grants to non­profit groups focused on developing job skills for low-income women in the United States and for women who work in the overseas farms and factories that Wal-Mart relies on for its merchandise. It also said it will spend $20 billion over the next five years to buy goods from the nation’s women-owned businesses, double its current amount.

By Ylan Q. Mui

Full Story: http://www.washingtonpost.com/business/economy/wal-mart-pledges-billions-to-aid-women-businesses/2011/09/13/gIQAap53QK_story.html

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