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Wal-Mart Says To Bring Some Product Sourcing In-house

May 22, 2015: 12:00 AM EST
Wal-Mart Stores Inc. announced its plan to do some of its product sourcing operations previously handled by Direct Sourcing Group, a unit of Hong Kong-based Li & Fung Ltd. DSG will continue sourcing products for Wal-Mart's wholesale division, Sam's Club. According to the company, its move to buy more products directly from manufacturers is part of efforts to improve revenue.
Nathan Layne, "UPDATE 3-Wal-Mart to bring in-house some sourcing handled by Li & Fung", Reuters, May 22, 2015, © Thomson Reuters
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