By and  on January 28, 2010

Sweeping organizational changes are coming to Wal-Mart U.S., from its stores to its apparel sourcing.

In a flurry of developments Thursday, Wal-Mart Stores Inc. said it is realigning its U.S. organization and redefining the way it procures merchandise, which includes consolidating an initial $2 billion of its $300 billion product budget under Hong Kong-based manufacturing giant Li & Fung.

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