Japanese supermarket group, Seiyu - 37.8% owned by US giant Wal-Mart - is set to axe hundreds of jobs to stem losses as restructuring costs and falling sales take their toll.
Seiyu posted an interim net loss of 8.4bn Yen to the end of August. It declined to comment on Japanese media reports that put the job cuts at 25% of its workforce.
Wal-Mart has introduced the George clothing range from its UK arm Asda into Seiyu, as well as its own Simply Basic line from the US.
Seiyu posted an interim net loss of 8.4bn Yen to the end of August. It declined to comment on Japanese media reports that put the job cuts at 25% of its workforce.
Wal-Mart has introduced the George clothing range from its UK arm Asda into Seiyu, as well as its own Simply Basic line from the US.
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