×
810
Fashion Jobs
NORDSTROM CANADA RETAIL INC
Security Ambassador, Loss Prevention, Willowbrook Rack
CDI · Langley City
TAPESTRY
Sales Supervisor - Cross Iron Mills - Kate Spade
CDI · Calgary
RALPH LAUREN
Polo Factory Store - General Manager
CDI · Winnipeg
MAC
Bilingue Directeur(Rice) Régional Des Ventes/ Bilingual Field Sales Manager - (Retail Partner) - Mac Montreal,qc
CDI · Montreal
MAC
Field Sales Manager - (Retail Partner) - Mac (1 Year Contract)
CDI · Toronto
TJX CORPORATE
HR Digital Media Specialist
CDI · Mississauga
ESTÉE LAUDER COMPANIES
E-Commerce Manager, Mac Brand
CDI · Toronto
NORDSTROM CANADA RETAIL INC
Security Ambassador
CDI · Mississauga
NORDSTROM
Loss Prevention Security Ambassador Vaughan Mills Rack
CDI · Vaughan
TJX CORPORATE
sr. Gbs Business Analyst
CDI · Mississauga
NORDSTROM CANADA RETAIL INC
District Manager Asset Protection Eaton Centre
CDI · Toronto
ESTÉE LAUDER COMPANIES
Senior Manager, Accounting & Controls
CDI · Toronto
FOOT LOCKER
Overnight Assistant Operations Manager
CDI · Brampton
NORDSTROM
Loss Prevention Security Ambassador South Edmonton Common Rack
CDI · Edmonton
L'OREAL GROUP
Business Consultant - Québec, Québec
CDI · Quebec City
NORDSTROM CANADA RETAIL INC
Loss Prevention Agent, Pacific Centre
CDI · Vancouver
ESTÉE LAUDER COMPANIES
Operations Manager/Group Leader - 3rd Shift
CDI · Markham
RALPH LAUREN
Club Monaco - Associate Product Manager Full Time
CDI · Burnaby
ESTÉE LAUDER COMPANIES
Maintenance & Reliability Manager
CDI · Markham
MARSHALLS
Part Time Sales Associate, Marshalls, Bower Place-Red Deer
CDI · Red Deer
HOMESENSE
Store Associate, Part-Time, Seasonal , Home Sense
CDD · Charlottetown
WINNERS
Merchandise Coordinator, Winners,Fort Saskatchewan, New Store Opening
CDI · Fort Saskatchewan
By
Reuters
Published
Mar 15, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Wal-Mart Japan to focus on remodeling stores, no plans to exit market

By
Reuters
Published
Mar 15, 2016

Wal-Mart Stores expects its Japan business to focus on remodeling existing stores rather than opening new ones this year, citing fierce competition and consumer reluctance to spend freely amid uncertain economic times.

But Wal-Mart, the world's biggest retailer, has no plans to withdraw from the country and may open new stores if good locations can be found, Takeshi Kamigouchi, head of the company's Japan business told reporters.



His comments come as Wal-Mart conducts a review of global assets amid speculation that it could pull out from some countries such as Brazil and other Latin American markets.

Despite bold monetary and fiscal stimulus, Japan's consumer spending has been hit by a 2014 hike in the national sales tax, as well as increases in the cost of food and other goods on the back of a weaker yen. Shoppers also face the prospect of a another hike in the sales tax although the government is now considering a delay.

Kamigouchi said, however, the company's same-store sales in Japan had been growing year-on-year over the past two years.

"When we listen to our customers there's no sign of dramatic improvement. They're still living in a defensive mode," he said.

"But three to four years ago the number of customers was dire. The number of customers has been improving in the past two years, which is encouraging and good for our business."

Closures of some stores announced two years ago are now mostly completed, he added.

Wal-Mart operates Seiyu-brand stores in Japan. It first invested in the company in 2002 and took full control in 2008.

But it has struggled to leverage its global scale against local retail giants Aeon Co and Seven & i Holdings Co. It now has 345 stores in Japan compared with 434 before the closures announced in 2014.



 

© Thomson Reuters 2021 All rights reserved.

Tags :
Others
Retail