BENTONVILLE, Ark. – Sales at the world’s biggest retailer have a big impact on its charity.
Last year, sales at Bentonville-based Wal-Mart Stores Inc. grew 26 percent from a year earlier – and the amount the company gave to communities grew 28 percent, the Associated Press reports.
Wal-Mart says it raised and donated $164 million throughout the U.S. last year.
Of the total, Wal-Mart gave $80 million to local stores to distribute based on the size of each store. Local stores contributed the remainder.
And the local Wal-Mart stores that sold the most also contributed the most.
In year-end sales data, Wal-Mart reported that the 100 stores with the highest sales contributed three times as much to their communities as the stores with the lowest sales.
“I think there is definitely a connection and it has been proven year after year,” said Betsy Reithemeyer, director of the Wal-Mart Foundation and the company’s community affairs office.
The company says that 97 percent of its contributions are directed by officials at local stores.