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© Copyright 2008/9 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.Wal-Mart's Japan unit to close 20 stores
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some14some
Fired because it is a foreign company, Aeon is closing more units still there was no mention of number of employees losing their jobs (though i know it is in thousands) !
memyselfI
Wal-Mart ? Does anybody know where I can find a Wal-Mart in the Kanto area ?
Nippon5
Its not called wal-mart here its called Seiyu
Heres the web page..
http://www.seiyu.co.jp/
Enjoy!!!
barfly08
Nothing "wal-mart" about Seiyu, which is the problem. If these guys want to save this chain my advice is to dump all the Japanese junk and start importing exclusively from the USA. Health and beauty, sports, music, and all the boxed and canned foods that wal-mart is known to sell. Turn the place into a down-scaled "Sony Plaza" and just sit back and reap the rewards. This really isn't difficult to understand, Japanese consumers have been hit with a poor economy, stagnant wages, and little hope for the future. Give em a break from all those high priced European labels that are just flooding into Japan. Take a hint from H and M !
nigelboy
You mean China?
China===>U.S.===>Wal Mart
Sarge
nigelboy - When Chinese President Hu Jintao visited a WalMart in the States, he asked, "Don't you have anything not made in China?"
That was a joke, though a good one, don't you think?
rjdsr
Sarge,
The proud people working there.
Sarge
rjdsr - "The proud people working there."
Yes?
ilcub76
They also own the Sunny supermarket chain.
OssanULTRA
Weird. Everything I see selling in Walmart here in the US is made in China.
DJJapan
Seiyu looks like most other Japanese supermarkets and there are many that are on the decline with the excemption of a few I guess. Rather than keep what they have under the current business structure which as the story states they will close stores which has gone on for a few years now for this company they should think a bit more creatively (if that's at all possible!!!) think out of the box and make a new shopping concept which will still be a round about copy of something that is available in another country in the world, but still different. If it is different then maybe this nail that sticks out may not be hammered down! Some of the German supermarkets that I've seen have got better concepts and standards, but Ii don't know how or what Wal-marts intentions are for the Japanese market as they seemed to have put money into a dud business and really from the media reports haven't been overly pro-active.
dontpanic
They should do what the likes of German stores Lidl and Aldi do. Buy and supply a smaller range of products in larger quantities and pass on good discounts to their customers. When times are hard its a recipe for success.
Raja Kumar
Wal Mart Japan reducing costs via 20 stores close down. Good move to keep costs down.