Seiyu, the Japanese retail chain in which Wal-Mart owns a 37 percent stake, announced that it will spend the equivalent of $162 million (US) to link all of its stores to Wal-Mart’s computerized inventory, sales and purchasing systems.
The goal is to cut costs at the chain, which management will believes will allow it to lower prices, and therefore have more of an impact on market shares there.
The goal is to cut costs at the chain, which management will believes will allow it to lower prices, and therefore have more of an impact on market shares there.
- KC's View:
- We think this further cements the speculation that eventually Seiyu will be 100 percent owned by Wal-Mart.
