JABbering Stooge

Friday, September 30, 2005

The Wal-Marting of Japan

This just in from MSRNC. Wal-Mart is planning on buying a controlling interest in Japanese retailer Seiyu.

Seiyu Chief Executive Noriyuki Watanabe said becoming “a full member of the Wal-Mart family” will offer a stable financial base, allowing Seiyu to accelerate remodeling stores and opening new ones. It will also bring cheaper prices, he said.

Sure it will bring cheaper prices - by abusing the labor! I fully expect the phenomenon of karoshi to expand to Japan's retail sector before too long.

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