Business News
HP Named Wal-Mart Supplier of the Year
Friday 15. February 2008 - HP today announced that it has been named a Wal-Mart supplier of the year for its role in helping the worlds largest retailer expand its printer and ink business and develop environmental initiatives.
The 2007 Wal-Mart Supplier of the Year award was presented to HP in front of more than 2,000 Wal-Mart employees and suppliers at Wal-Marts annual Supplier Summit held Jan. 29 in Rogers, Ark.
“This award represents a lot of dedication by many HP organizations,” said Kristen Woods, sales director, U.S. Consumer Business, Wal-Mart and Sams Club, HP. “Wal-Mart is one of our most valued customers, and were proud to be able to bring our broad technology portfolio and leadership in environmental responsibility to help them better serve theirs.”
Over the course of 2007, Wal-Marts sales of HP printer and ink products grew at three times the rate of the industry, and profit in this segment doubled over the prior year.