Wal-Mart Supplier Li & Fung Says No Order Cutbacks in U.S.

Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, said U.S. orders are solid and it hasn’t seen reductions from Wal-Mart Stores Inc.

“There hasn’t been any cutbacks from Wal-Mart orders,” Bruce Rockowitz, chief executive officer of the Hong Kong-based company, said today. “When you look across the orders that come from the United States, they are very solid for Wal-Mart.”