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3:36 a.m. • 5-19-13

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Comments :: Wal-Mart to hire vets, buy American

177 Comments


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Need more Associates/less Management! Use those registers! Bring more production back to the US and put Americans back to work! Sam had the right idea. What took you so long to figure it out?

Cannon Mills was founded in 1888! Google 1888 Mills and you will find they are comprised of former CEO's of the once Cannon empire history. The company appears to have quite a small presence in the USA (GA). Mostly R&D and most production being out of Pakistan/Bangledesh. Why they aren't squimish about dealing with Walmart is a mystery to me. Me thinks there are some tidbits left out of the deal and the report on this afront anyhoo! More digging to do!

In September, 1997, Fieldcrest-Cannon was sold to the Pillowtex Corporation for $700,000,000. Sales slid, and problems began to appear as Pillowtex lost money. According to a former CEO of Pillowtex, its largest product buyer, Wal-Mart, encouraged the company to move production overseas but Pillowtex refused. It was undercut by competitors and stopped supplying Wal-Mart.[1] Three years later, in November 2000, Pillowtex filed for Chapter 11 Bankruptcy protection. In May 2002, Pillowtex briefly surfaced from bankruptcy for little more than a year, but things kept sliding. On July 30, 2003, Pillowtex Corporation announced the complete bankruptcy of the company. Over the night of July 30, 7,650 people became unemployed (4,340 in Kannapolis alone). This was the largest permanent layoff in the history of the State of North Carolina.

federal sales2, thank you very much, and WELCOME HOME,SIR!

computer trainer::::Uhavenoclu- if you can live on $1000 a month, more power to you. That is what the average military retiree gets, AFTER taxes.

I live on less than $725.00 a month and do quite well. It's not all that hard unless you have to have the newest and best of everything that comes along.

I am a Vietnam vet, who gave us job when we returned,, no body and a lot of Vets are still out of work. The public turns there backs on the Vietnam Vet, and now praise the new Vets...What up with that??

Next time you shop at Wally world look on the tag of the product and see where it was made, Not USA so how can they buy American, come on now.

The idea is excellent. If veterans can fid a job elsewhere good for them. If they cant do better Walmart is there. Nothing like helping your self esteem and self worth than having a job. There is certainly nothing negative here.

We'll see.

We, the consumers, are in total control [and the source of the problem]. Stop buying anything not made in the US and see how fast they start finding a way to sell US-made products.

CountryBoyz

That's good advise but I think we should have done that back when we still made things in America. The choices of things made in America now is very limited.

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