Wal-Mart&#39;s Japan unit cuts jobs, sees bigger loss
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Wal-Mart Stores Inc&#39;s  Japanese  unit, Seiyu Ltd (8268.T), boosted its annual loss forecast by  76 percent due to a charge to cut about 7 percent of its work  force as it battles sluggish sales.
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Goldman cuts No. 1 retailer&#39;s rating to &quot;in-line&quot; from &quot;outperform&quot; on heels of weak November sales. NEW YORK  - Wal-Mart Stores Inc, the world&#39;s biggest retailer, suffered another blow to its star
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The world's largest retailer Wal-Mart has said it was pulling out of Germany after eight years and would sell its 85 hypermarkets to the Metro chain.
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FAYETTEVILLE, Arkansas  - Wal-Mart Stores Inc.  said on Friday it will cut the number of supercenters it plans to open this year by as much as 30 percent as it tries to boost sales at U.S. stores, sending it shares up 4 percent.
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Wal-Mart Stores Inc. is ending its loss-generating business in Germany just two months after leaving South Korea in what analysts welcomed as a move to focus resources on expanding in more profitable international markets like China and Latin America.
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Shares of the Sanyo Electric Company, the Japanese electronics maker, fell 6 percent after the company forecast a third annual loss on slumping sales of mobile phones and digital cameras and because of increased costs for laying off 2 percent of its work force. Sanyo, based in Osaka, reported Friday that it expected to post a 50-billion-yen ($433 million) loss for the fiscal year ending March 31, reversing a May target of a profit of 20 billion yen. The company is spending a further 40 billion yen this fiscal year on revamping costs, which will include 2,200 job cuts, after cutting 14,000 employees and closing 10 percent of its business units in the last 12 months.
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US blue chips ended lower on Monday after a disappointing sales forecast from the world&#39;s biggest retailer, Wal-Mart Stores Inc.
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The world's biggest retailer, Wal-Mart Stores Inc., is considering joining the fray of groups offering to rescue Japan's third-largest supermarket chain, the struggling Daiei, a report said.
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Coca-Cola Enterprises Inc. , the world's largest soft-drink distributor, will cut 3,500 jobs after posting its worst loss in at least 10 years on a $2.9 billion reduction in the value of its North American unit.
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Sony Corp.'s  game unit said on Thursday it planned to cut jobs in the United States and was eyeing restructuring steps in Japan as it struggles to keep up with industry rival Nintendo Co. Ltd. .
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Wal-Mart, the world&#39;s largest retailer, has lowered its November growth forecast amid concerns that fuel costs may slow down Christmas retail sales.
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In a major revamping of its sluggish clothing business, Wal-Mart Stores will shut two divisions at its headquarters in Arkansas.
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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Wal-Mart Stores Inc cut its capital expenditure forecast on Tuesday and scaled back on planned supercenters as the world's largest retailer grapples with slowing sales in a saturated U.S. market.
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By YURI KAGEYAMA  TOKYO - Sony's U.S. video-game unit is cutting jobs to become more competitive, the company said Thursday, as the PlayStation 3 machine struggles against rival offerings from Microsoft and Nintendo.
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Wal-Mart, the largest U.S. retailer, on Friday said it would phase out the sales of HD DVD offerings and exclusively offer high-definition Blu-ray hardware and DVDs by the middle of this year.
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Wal-Mart Stores Inc.  has agreed  to the sale of its South Korean outlets to local retailer  Shinsegae Co. Ltd. (004170.KS) for &#36;882 million, making it the  second global retailer to exit the country in a month.