Wal-Mart's Stores' Japanese arm aims to open 20 additional locations in country in 2012 in a variety of formats, including delis, grocery stores, general merchandise stores; Wal-Mart has 415 retail outlets in Japan

Allison Oesterle

LOS ANGELES , November 21, 2011 (Industry Intelligence) – Wal-Mart Stores' Japanese arm is planning to open 20 new stores next year in order to take full advantage of Wal-Mart’s rising profits in Japan, the Business Recorder reported on Nov. 21.

Steve Dacus, Walmart Japan Holdings president and CEO, said he was holding regular discussions with a variety of potential partners and banks about acquisitions.

Steve Dacus reported that Wal-Mart was looking to open up new stores in a variety of different formats, including delis, food stores and general merchandise stores.

At the end of October, Wal-Mart had 415 retail outlets in Japan. Wal-Mart first acquired holdings in Seiyu Group, its wholly owned Japanese subsidiary as of 2008, in 2002.

The primary source of this article is the Business Recorder, Karachi, Pakistan, on No. 21, 2011.

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