TOKYO — Some major Japanese retailers have slashed their sales and pro-fit outlooks for the year following the massive earthquake and tsunami of March 11 and the resulting nuclear reactor crisis. Seven & i Holdings, the largest Japanese food retailer and parent of the 7-Eleven chain, said it was expecting its sales for the current fiscal year to fall 10.2%, to about $52 billion. Profits are expected to decline about 21.8% for the year. “In addition to its direct impact on stores and ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.