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 ...
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