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Wal-Mart’s Japanese Seiyu division announces cutbacks

BY CSA STAFF

BENTONVILLE, Ark. & TOKYO, Japan Wal-Mart’s Japanese subsidiary, Seiyu, announced plans to close 20 stores, which will affect 5% of the company’s 392 stores in the country, and 350–or 6%–of Wal-Mart’s approximately 5,700 full-time employees there. The decision came because of falling revenues and a sixth-straight net loss in 2007.

The company stated that despite the closure, it will look to open stores in new geographic regions and consider acquisitions as a method of expansion. Plans include the renovatation of 100 large stores and the opening of smaller stores in areas not currently served by Seiyu.

Acquisition targets may include supermarket chains with a nationwide network, according to Seiyu senior vp Ryo Kanayama. “Operations that are highly complementary with our store network are attractive,” he said at a media briefing. “Our stores are concentrated in the Tokyo metropolitan area. We would look at areas outside that area.”

Wal-Mart took control of Seiyu in 2008, after a six-year investment in the Japanese company.

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Stanton carpet names new execs

BY CSA STAFF

SYOSSET, N.Y. Stanton Carpet has named Barbara Skelly as director of marketing and Frank Boucek as Midwestern regional vp.

Skelly was previously at Designtex. She also held positions at F. Schumacher & Co., Imperial Home Decor Group and Maharam Textiles.

 

Previously at Beaulieu of America, where he was regional/territory manager for the past eight years, Boucek has also worked at Mohawk Industries, Image Carpet Mills and Galaxy Carpet Mills.

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Wal-Mart continues charity with $100K for Haitian hurricane victims

BY CSA STAFF

BENTONVILLE, Ark. Wal-Mart announced a donation of $100,000 to the American Red Cross to support disaster relief for Haitians that have been impacted by Hurricanes Gustav and Ike in further efforts to provide aid to neighborhoods and people affected by the latest wave of destructive hurricanes.

“Because we touch communities throughout the Americas, we can help people in times of need in so many ways,” said Craig Herkert, president and ceo of the Americas for Wal-Mart Stores.

Wal-Mart Puerto Rico also made its own $7,000 donation to the Red Cross and a $3,000 donation to the Caribbean Haitian Committee. Several Walmart stores in Florida also held supply drives last week to collect hurricane relief supplies for victims.

“Wal-Mart is committed to helping these devastated communities,” said Joaquin Gonzalez Varela, Wal-Mart’s regional vp. “We know many of our Wal-Mart and Sam’s Club associates, especially in Florida, have family and friends in these areas.”

Wal-Mart has long been recognized as a corporate leader in the area of disaster relief. Responding to the impact of Hurricanes Ike and Gustav in Louisiana and Texas, Wal-Mart recently committed $2.5 million to assist with relief efforts. The company in 2005 helped the victims of Hurricane Katrina by donating more than $32 million in cash to aid emergency relief efforts. Earlier this year, Wal-Mart donated $3 million for disaster relief and reconstruction following the earthquakes in China.

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