Food Stamps Key to Wal-Mart Profits For the first time, Wal-Mart Stores Inc. is citing its dependence on customers using food stamps in order to maintain its revenues and profits. Wal-Marts annual report to the Securities and Exchange Commission included a required cautionary statement which informs the public of factors that could harm future profitability, such as natural disaster and civil unrest; the public assistance inclusion was new. Wal-Mart for the first time in its annual reports acknowledges that taxpayer-funded social assistance programs are a significant factor in its revenue and profits, according to the International Business Times. This makes sense, considering that Wal-Mart caters to low-income consumers. But whats news here is that the company now considers the level of social entitlements given to low-income working and unemployed Americans important enough to underscore it in its cautionary statement.
Posted on: Wed, 26 Mar 2014 15:45:40 +0000
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