Wal-Mart Fired 20 years old supplier

Wal-Mart Stores, Inc. (NYSE:WMT) Fired a U.S supplier having a 20 year relationship with the world’s largest retailer after a Bangladesh factory burnt last month.

The supplier named Success Apparel mention its ignorance about the matter that its cloths were being made there. After the blaze on Nov 24 which killed 100 people, Wal-Mart Stores, Inc. (NYSE:WMT) fired one of its suppliers.

According to Success, an order has been placed to Simco, an approved supplier of Wal-Mart Stores, Inc. (NYSE:WMT), who in turn subcontracted 75% of the order to Tazreen Design Ltd. factory of Tuba Groups. According to the labor right record four other companies including Success, made clothes there for the current year.

Success declined to approve the company to deal business with it as it is not in their matrix and never done business with them. He showed his loyalty towards Wal-Mart Stores, Inc. (NYSE: WMT). He is a trusted supplier of Wal-Mart Stores, Inc. (NYSE: WMT) since last two decades and never violated any terms. They did business with utmost diligence, and highest ethics and fair safety standards.

Success also focused that they treat all their employees with utmost regard for their safety and well-being.

Success sourced private label shorts for Wal-Mart Stores, Inc. (NYSE: WMT) from the Tazreen factory via Simco’s order.

The purchase order, shipment detail, inventory report and other document show that not only Success but other two more New York based and California based Suppliers of Wal-Mart Stores, Inc. (NYSE:WMT), sourced merchandise for them from Tazreen. Besides these some suppliers of Bangladesh also are involved in the same practices as per the record.

A recent report said 5 of the 14 production line of Tuba Group are engaged in making Wal-Mart Stores, Inc. (NYSE:WMT)’s shirts and pajamas.

Wal-Mart Stores, Inc. (NYSE: WMT) were down by 0.21% and currently trading at $72.14.

About the Author

Alison Simpson is an Business and general assignment reporter. Alison Simpson covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Alison graduated from Trinity College in Hartford, Conn., and later earned a master’s degree from Northwestern's Medill School of Journalism. Alison also covered congress for Defense News and providing regular coverage of the budget debate on Capitol Hill and its implications for national security.

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