The US retailer Wal-Mart revealed in its company-wide quarterly statement to the US Securities and Exchange Commission that it would close approximately 23 outlets and certain access points in Seiyu subsidiary in Japan.
Wal-Mart bought shares in Seiyu in 2002, Japan's fifth-biggest retailer, later in March 2008 acquired majority interest and Seiku became a subsidiary of Wal-Mart. Seiku owns 371 stores in Japan (as of October 2009)
Source: just-food.com and wal-mart corporate site
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