It is no secret that the general merchandise store (GMS) sector is past its prime, but recent results suggest the crisis is only getting worse. Last month two of the largest chains announced store closures, following on from similar announcements from Seiyu. Aeon too is looking to restructure its operations. Is there any chance the […]
Walmart has now owned Seiyu for almost 13 years, and has recently achieved some success. In late May, Steve Dacus stepped down as CEO after four years in charge, having overseen consecutive years of same store sales growth. There remain doubts over Seiyu’s ability to make real progress given its limited chain and lack of […]
Walmart has been operating Seiyu for 14 years, and although estimated sales place Seiyu well down the rankings compared to its heyday, there are growing signs of confidence. Seiyu is looking to redesign more of its existing stores, further improving what is one of the best fresh produce operations in the country. It will also […]
GMS share of the apparel market shrank last year, with sales down yet again. There is some glimmer of hope as the top chains expand private brand ranges, design better apparel floors, and in many cases, hand over space to specialty tenants, with some even making a profit. General Merchandise Store (GMS) chains continue to […]
Seiyu is again taking a lead in the FMCG sector. Two years after shocking the industry with price cuts on basic goods, causing rivals to complain bitterly about excessive competition, the US owned chain announced more price reductions in April. In addition, it is now preparing to better leverage Walmart’s global supply system, bypassing Japanese […]
