Seiyu Downsizes But Insists Growth Is Still An Option

Wal-Mart's Japanese subsidiary Seiyu has unveiled plans to close 20 underperforming outlets while cutting 350 jobs, equivalent to 6% of its workforce. However, in what is becoming an increasingly common theme for the retailer, it baulked at the notion that its plans meant it remained troubled, stating that it saw opportunities for organic expansion and acquisitions

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