- Seiyu, the Japanese retailer that is one-third owned by Wal-Mart, predicts a larger than expected loss for the current fiscal year, telling analysts that it expects to lose the equivalent of more than $700 million for the fiscal year about to end; last fall, it predicted a $180 million loss for the year. The change is due both to one-time losses connected to its department store operation, as well as price slashing because of slow sales.
- KC's View:
