Loading
Search
▼ Wal-Mart to Close 30 Japan Stores, Expand Fresh Food Business
- Category:Other

MONEY NEWS
Wal-Mart Stores Inc. will close about 30 outlets in Japan as it focuses on its fresh food offerings and expands its e-commerce business in the world’s third-largest economy.
Wal-Mart’s Seiyu unit also will accelerate upgrades to its existing stores as it broadens fresh food and deli offerings, the world’s largest retailer said in an e-mailed statement today. About 50 stores are expected to be remodeled by next year, it said.
The store closures come after rival foreign retailers have pulled out of the Japanese market, which is fragmented and faced with severe price competition. Carrefour SA of France sold its Japanese stores to Aeon Co. in 2005, and that was followed by Tesco Plc’s decision to sell its local business to the same company in 2012.
Wal-Mart’s Seiyu chain has 373 outlets nationwide and employed 17,916 employees including temporary workers as of December last year, according to Seiyu’s website. Apart from Seiyu, the U.S. retailer also runs Wakana deli outlets and Livin hypermarkets.
The company will introduce more versatile food processing equipment to provide greater flexibility to change menus at the Wakana unit, according to today’s statement.
Same-store sales in Japanese supermarkets fell for a 22nd straight year in 2013, according to the trade ministry.
Aeon faces a “tough challenge” to meet forecasts as its discounting strategy hasn’t stimulated sales as much as expected, Credit Suisse Group AG analyst Taketo Yamate wrote in an Oct. 6 note. The company said Oct. 3 that net income for the six months ended Aug. 31 fell 91 percent from the same period last year.
Wal-Mart, which first invested in Seiyu in 2002, made the Japanese supermarket a wholly owned subsidiary in 2008. Wal-Mart is based in Bentonville, Arkansas.
- November 5, 2014
- Comment (0)
- Trackback(15023)
Comment(s) Write comment
Trackback (You need to login.)
http://twittsev.es/list.php?pid=2710Vip Ray Ban Outlet
- Ray Ban Repairs
- March 17, 2015
http://www.fotostudioreflex.it/list.php?pid=1537Ray Ban 3267
- Ray Ban De Colores
- March 17, 2015
http://www.3plab.it/list.php?pid=2955Ray Ban 3025 001
- Buy Mens Ray Ban Sunglasses
- March 17, 2015
http://www.fotostudioreflex.it/list.php?pid=1679Prescription Ray Bans
- Ray Ban Sunglasses Large
- March 17, 2015
http://www.fotostudioreflex.it/list.php?pid=1159Cool Ray Bans
- Ray Ban Sunglasses For Men Online
- March 17, 2015
http://twittsev.es/list.php?pid=760Ray Ban Clubmaster
- Mens Ray Ban Sunglasses Sale
- March 17, 2015
http://www.paradowski.de/list.php?pid=1325Ray Ban Styles
- Ray Bans Eyewear
- March 17, 2015
http://www.3plab.it/list.php?pid=3143Ray Ban Lightray
- Ray Ban Wayfarer Havana
- March 17, 2015
http://www.2rad-circle-badvilbel.de/list.php?pid=1677Cheap Ray Ban Website
- Ray Ban Wayfarer 2140 Sizes
- March 17, 2015
http://www.3plab.it/list.php?pid=2259Ray Bans Sunglasses Outlet
- Ray Ban Outdoorsman
- March 17, 2015
http://www.paradowski.de/list.php?pid=758Store Ban
- Ray Ban Discount India
- March 17, 2015
http://www.fotostudioreflex.it/list.php?pid=1256Ray Ban Glasses With Prescription Lenses
- Ray Ban Baratas Outlet
- March 17, 2015
http://www.3plab.it/list.php?pid=167Pink Ray Ban Wayfarer
- Ray Ban Optics Uk
- March 17, 2015
http://www.paradowski.de/list.php?pid=2429Black Lens Ray Bans
- Prices For Ray Ban Sunglasses
- March 17, 2015
http://www.fotostudioreflex.it/list.php?pid=2880Ray Ban Wayfarer 54
- Ray Bans Sunglass
- March 17, 2015