Friday, July 27, 2007

UPDATE 2-Wal-Mart's Seiyu estimates H1 operating loss

(Reuters) - TOKYO, July 27 - The Japanese unit of Wal-Mart Stores Inc. , Seiyu Ltd. , will post an operating loss for the first half of the year as weak sales sidelined its forecast return to profit, the Nikkei business daily said on Friday.



Shares of Seiyu fell 3.1 percent in late afternoon trade, compared with a 1.6 percent drop in the Tokyo index of retail stocks .


Read more at Reuters.com Market News

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