This quite surprised people in the grocery chain industry, as it has been widely known that Wal-Mart’s top priority is in offering consumers the lowest prices possible, even if it means selling grocery items made from other countries.
The idea of ‘buying American’ actually originated from Wal-Mart’s founder Sam Walton. Fifty years ago, he created and promoted this buying mentality, but later on shied away from it just to continue offering cheaper prices. Now that Wal-Mart has announced its loyalty to selling mostly American-made products, analysts and consumers begin to wonder if the stores’ prices will go up as well.
This development from Wal-Mart will most likely not have a very significant negative effect on the store. This is because most of Wal-Mart’s customers are buying basic grocery items that are made in the U.S., not so much on other goods. Wal-Mart has now become a huge place for shopping for groceries, household and fresh food products. In fact, Wal-Mart has even said that more than half of the stores’ earnings come from grocery items, and all of its items are made in the country.
With regards to other goods that Wal-Mart sells, the grocery chain company has been importing less and less goods from other countries. This could be a sign that the store chain is gradually breaking away from its dependence on foreign-made goods.