JAPAN: Wal-Mart eyeing Japanese expansion
Japan's Seiyu has announced that its parent, US retail giant Wal-Mart, is gearing up for expansion in the Japanese market with the establishment of a holding company to prepare for M&As and expansion of operations.
The holding company now controls Seiyu's 387 Seiyu supermarkets and 271 Seiyu GMSs (food & general merchandise stores).
Since taking full control of Seiyu last year Wal-Mart has indicated it will be going after competitors in Japan for M&As this year.
"The decision will continue to strengthen Wal-Mart's presence in the second-largest retail market in the world," Wal-Mart said.
Any future additions to the Seiyu family are expected to become subsidiaries of the holding company, which is wholly owned by the US retailer.
The downturn may have prompted some to rein in expansion plans but one retailer with high hopes is Spar, the global symbol group. Dr Gordon Campbell, the MD of Spar International, has been vocal in hi...
Demand for "value-added" convenience food is set to be a central factor in the buoyant growth forecast for the Brazilian food sector from industry analysts BMI....
Wal-Mart is expected to post sales at the low end of its guidance and flat earnings per share when the world's largest retailer delivers its second-quarter results tomorrow (13 August)....
The launch of Wal-Mart's sustainable product index has generated much comment, some positive and some not so complimentary. Ben Cooper examines the response from environmental commentators and campaig...
Wal-Mart has insisted it will remain a "house of brands", despite increasing private-label sales as US consumers look to economise....
The UK government laid out its vision for the food sector this week and insisted there needed to be a "radical rethink" of our the industry does business. The debate over GM was reignited, while the o...
Wal-Mart has played down the decline in same-store sales that it saw in the US during the second quarter and focused on increasing traffic and market share gains as signs of the health of its domestic...
Asda, the UK unit of Wal-Mart, today (13 August) said that it is attracting an increasing number of value-conscious consumers, despite posting a drop-off in sales growth during the second quarter....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Recipe-kit firm HelloFresh launches into UK retail
- Germany's Haribo plans first US candy plant