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These were Thursday’s top stories:
Wal-Mart Stores, Inc. (NYSE:WMT) has reconfigured its agreement with the Chinese supplier Li & Fung, so as to provide “design, replenishment and other services” to the latter’s international unit. Recent slides in earnings at Li & Fung has impacted its ambitious growth plans.
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The new Verismo coffee machine from Starbucks Corporation (NASDAQ:SBUX) will be exclusively sold at Williams-Sonoma Inc. (NYSE:WSM) and Macy’s Inc. (NYSE:M). The machines will become available in stores in October.
The electronics and appliance leader h.h.gregg, Inc. (NYSE:HGG) expects to employ around 1,000 qualified sales associates for its 223 stores by early October. New hires started before the holiday season will be given choices of permanent and part-time positions, and will also receive two weeks training that will concentrate upon product knowledge and selling skills.
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