BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Wal-Mart's (WMT) Seiyu unit to see sixth straight annual loss]]>http://www.bloggingstocks.com/2007/08/14/wal-marts-wmt-seiyu-unit-to-see-sixth-straight-annual-loss/http://www.bloggingstocks.com/2007/08/14/wal-marts-wmt-seiyu-unit-to-see-sixth-straight-annual-loss/http://www.bloggingstocks.com/2007/08/14/wal-marts-wmt-seiyu-unit-to-see-sixth-straight-annual-loss/#commentsFiled under: , , , ,

Not only has Wal-Mart Stores, Inc. (NYSE: WMT)'s Japanese-based Seiyu Ltd. unit had a loss for the first half of 2007, but now the subsidiary looks to take a loss for the entire year, according to company. Seiyu said this week that it is planning on taking a full-year loss for calendar 2007, which would give it six straight years in a row without a penny of profit.

Questions immediately come to mind: Will Wal-Mart get out of Japan and sell Seiyu completely to cut its losses? After all, it exited Germany and South Korea in 2006 after many bad financial performances in those countries. It cut its losses there and escaped from the doldrums of loss -- why not in Japan? Hard to tell at this point, but the world's largest retailer did not respond to speculation that it would exit the Japanese market.

But what do you think if you're a Wal-Mart shareholder? The company has poured more than $1 billion into Seiyu (which has 393 stores in Japan), with not much to show for it except occasional upticks in sales that make for little else besides decent headlines.

Wal-Mart has found good look recently in China with the Trust-Mart partnership and in India with partner Bharti, but it's just not cutting the mustard in Japan. Will Wal-Mart continuing propping its Japanese unit up with more money, hoping for some kind of profit on the horizon? Your guess is as good as mine. Six years is a long, long time in the retail biz.

Wal-Mart's (WMT) Seiyu unit to see sixth straight annual loss originally appeared on BloggingStocks on Tue, 14 Aug 2007 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Wal-MartWal-Mart AsiaWal-Mart ChinaWal-Mart IndiaWal-Mart JapanWal-Mart SeiyuWal-Mart Stores, Inc.Wal-martAsiaWal-martChinaWal-martIndiaWal-martJapanWal-martSeiyuWal-martStores,Inc.WMTTue, 14 Aug 2007 09:30:00 EST<![CDATA[Wal-Mart's Japanese unit sees large loss for 2006]]>http://www.bloggingstocks.com/2007/01/30/wal-marts-japanese-unit-sees-large-loss-for-2006/http://www.bloggingstocks.com/2007/01/30/wal-marts-japanese-unit-sees-large-loss-for-2006/http://www.bloggingstocks.com/2007/01/30/wal-marts-japanese-unit-sees-large-loss-for-2006/#commentsFiled under: , , ,

Wal-Mart Stores, Inc. (NYSE:WMT) has operations across the globe through its own brand and the ownership stake it has in other brands and companies, like Asda in Europe. How do those areas -- outside the U.S. -- perform on an annual basis? As Wal-Mart scurries for every last penny saved here in the U.S. while newly energized competitors stomp on its sales, can international markets and the resultant sales save a little piece of glory for the world's largest retailer?

If you were to look at Wal-Mart's Japanese operations, a pretty picture would not really be painted here. Seiyu -- Wal-Mart's Japanese unit -- indicated yesterday that it would fall deeper into the red for 2006 than it first estimated. Read: Seiyu will have a much larger loss than originally forecast.

Should Wal-Mart just get out of Japan like it did in Germany and South Korea? Perhaps -- because Seiyu will mark its fifth straight year of losses despite investments of more than $1 billion by Wal-Mart, which owns 53% of the Japanese retailer.

Wal-Mart's Japanese unit sees large loss for 2006 originally appeared on BloggingStocks on Tue, 30 Jan 2007 13:55:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>SeiyuWal-MartWal-Mart JapanWal-martJapanWMTTue, 30 Jan 2007 13:55:00 EST