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Wal-Mart’s motives for giving $25 million to students draw criticism


Wal-Mart Stores Inc and its foundation said on Thursday that it had committed $25 million to help provide food, education and jobs for children during school summer break, but opponents of the retailer’s urban expansion plans questioned its motives, Reuters reports. The new campaign from the world’s largest retailer, and the Walmart Foundation, comes after April’s announcement that Wal-Mart and its foundation gave away $316 million in cash and $480 million in in-kind contributions in the fiscal year that ended on January 31. A significant part of that giving directed to local food banks. Wal-Mart has been steadily increasing the volume of its contributions in New York City and Washington D.C., cities where no Walmart stores actually exist.

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