retail news in context, analysis with attitude

Dow Jones reports that Wal-Mart plans to make Japan’s Seiyu a wholly owned unit of the company, giving it full control and ownership of the company that it began buying into in 2002. Seiyu has suffered hundreds of millions of dollars in losses as Wal-Mart has tried to bring both efficiencies and its own marketing approach to the Japanese marketplace.

Business Week writes that “Wal-Mart Stores Inc. will open its latest generation of energy-efficient test stores this week with a Las Vegas Supercenter that uses new cooling technology to cut overall energy use by up to 45 percent. The Las Vegas store opening Wednesday builds on advances in earlier pilot stores that reduced energy use in areas including lighting, refrigeration and water flow … Wal-Mart said the new Las Vegas store adds to those savings with a new cooling system based on water evaporation for total energy savings of between 35 percent and 45 percent.”
KC's View: