The Traderszone Network

Published in TZ Latest News 18 October, 2015 by The TZ Newswire Staff

Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag

The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year. “The ground is shaking here,” said Cameron Smith, head of Cameron Smith & Associates, a major recruiting firm for suppliers located close to Wal-Mart’s headquarters in Bentonville, Arkansas.

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