Archive for the 'Japan' Category

INSIDER TRADING INVESTIGATION LAUNCHED…

Tuesday, November 30th, 2010

In Japan Walmart does business through its subsidiary Seiyu that it purchased in 2007 for $876 million after its partners failed to perform up to Walmart standards nearly three years ago. That deal is now under question with allegations of insider stock trading. From Reuters: Japanese prosecutors will open an investigation into possible insider trading […]

WHAT ELSE HAS WAL-MART WORRIED…?

Thursday, July 24th, 2008

Tight money. Wal-Mart is not the only corporation feeling the credit crunch after loose regulation and lax enforcement gave us the current sub-prime lending debacle, but its the first retailer in nearly 30 years to take an extraordinary step: going Japanese. From Bloomberg: Wal-Mart Stores Inc., the world’s largest retailer, sold Japan’s first samurai bond […]

WAL-MART: BULLISH OR BULLY IN BRAZIL…?

Tuesday, January 15th, 2008

I’ve read two interesting bits of Wal-Mart news out of Brazil this morning. The first is that the company is investing $693 there in 2008. The second is that the head of Wal-Mart Brazil is headed for Asia. It’s a nice promotion for Vicente Trius. From Bloomberg: Wal-Mart will open 36 new stores in Brazil […]

GNOME GRUMBLES OVER EXPANSION IN CHINA…

Wednesday, December 12th, 2007

Wall Street gnome and Motley Fooler Alyce Lomax ponders the news of late from Wal-Mart in Asia. She cautions that while overseas expansion makes sense, investors might watch events in Japan before getting excited about Wal-Marts growth on the mainland. From The Motley Fool: Even though Wal-Mart’s historical low-price schtick may seem like a no-brainer […]

WAL-MART COMPLETES SEIYU BUY…

Wednesday, December 5th, 2007

Back in October I wrote about Wal-Mart’s intention to go it alone in Japan by buying up the outstanding share in the Japanese retailer. Yesterday Wal-Mart concluded the buy-back, saying it now holds 95.1 percent of the Seiyu stock. Given the intense aversion that the Japanese hold for all gaijin (foreigners), I have to wonder: […]

DOMO ARIGATO… NOW GET OUT OF OUR WAY…

Monday, October 22nd, 2007

That’s the message that I got from reading the news this morning that Wal-Mart will increase its position in Japanese retailer Seiyu from 50.9 percent to 100 percent after failing for five years to make the company profitable. Obviously the problem can’t be Wal-Mart’s, right? From Bloomberg: Wal-Mart Stores Inc., the world’s biggest retailer, will […]

Business News

Tuesday, August 14th, 2007

Walmart reported latest earnings. Here’s Bloomberg’s version: Wal-Mart Stores Inc., the world’s largest retailer, said second-quarter profit rose less than analysts anticipated and lowered its earnings forecast after the company cut prices on thousands of back-to-school items. … “U.S. consumers continue to be under difficult pressure economically,” Scott said on the call. “It is no […]

WHY CAN’T WAL-MART GO NATIVE…?

Friday, July 27th, 2007

Sam Walton was a brilliant Southerner. Unfortunately, we focus too much on the brilliant part and forget his Southern roots. That explains why as Wal-Mart has moved out of its incubator problems have risen. Like these in Japan: Partly as a result, the fired employees and current ones as well have created a climate of […]

SOMEBODY FIND A FECKIN’ CORNER…

Saturday, February 17th, 2007

When your business (or administration) is in the toilet you start talking about turning corners. The challenge is to find the corner when your locked into your course like a luge Olympian going for the gold. Wal-Mart’s Japanese connection needs a corner; bad. Wal-Mart has seen full-year losses at its Japanese subsidiary Seiyu widen in […]

WAL-MART JAPAN BLEEDING YEN…

Tuesday, January 30th, 2007

Even as Wal-Mart is looking to expand its retail business in Japan, it’s existing Japanese operation is in the red and announced today that it would go even further in the hole than previously announced. Five years in and it still can’t turn a profit? From Reuters: Wal-Mart Stores Inc.’s Japanese unit, Seiyu Ltd., on […]

KONNICHIWA WAL-MART-SAN…

Sunday, January 28th, 2007

Over the years Wal-Mart has tried to be more Japanese-like in its institution of morning associate gatherings, the singing of company songs and the like. To the best of knowledge, the efforts were flops. So maybe buying it is better? From AFP: US retailing giant Wal-Mart Stores Inc. will explore more opportunities for corporate acquisitions […]

THAT TOOK LONGER THAN I EXPECTED…

Tuesday, January 23rd, 2007

Kengo Yonekura’s Pink Sniper is gone from Wal-Mart. I have to say that I expected the pornographic comic product to have disappeared more quickly, but what with all the personnel changes going on in Bentonvile, folks were just too busy to watch the store. Jeff Hess: Have Coffee Will Write.

WELL, SEX DOES SELL, RIGHT…?

Monday, January 22nd, 2007

Wal-Mart is was selling pornography. No, really. I’m not kidding. Honest to god real porn. If Wal-Mart executives thought they got grief over the whole support for Gay and Lesbian businesses thing, I’m predicting that they haven’t seen anything yet. I’ve grabbed screen shots in case this disappears in the next five minutes, but here’s […]

COMING TO A WAL MART NEAR YOU…

Wednesday, December 20th, 2006

We all know how much business that the Bentonvile Behemoth is doing with China these days. So I have to wonder, if this story is legitimate, how long it will be before we have a similar occurrence here at a Wally World? From MSN News: A woman was hospitalized after a scorpion stung her on […]

WAL MART BUY INTO DARWINISM…?

Friday, October 20th, 2006

Well not in a way that would threaten it’s standing with supporters and shoppers who think the world was created in seven days some 5767 years ago, but Mark Gilbert thinks that the Bentonvile Behemoth must buy into the concept. From Bloomberg: Wal-Mart Stores Inc.’s plan to double its presence in China will test whether […]