• Wal-Mart said that its Seiyu operation in Japan had a first quarter loss that was the equivalent of $24 million (US), almost half the loss that the company had a year ago, before Wal-Mart took control of the company. Seiyu's quarterly sales were down two percent to the equivalent of $2 billion (US), with same store sales up 2.1 percent.
- KC's View:
- Call this the Kolodzieski effect?
