- Seiyu, the Japanese supermarket retailer that is 6.1 percent owned by Wal-Mart, posted the equivalent of a $180 million (US) loss for the first half of August, compared to a net profit of $5 million during the same period last year.
- KC's View:
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Seiyu has been counting on Wal-Mart’s operational efficiencies as being a way to get back to profitability, along with a new line of Martha Stewart products that it believed would appeal to local consumers.
In view of recent events, we hope Seiyu has been counting on Martha too heavily…
