

Seiyu intends to enhance its bargaining power with wholesalers to get them to cut back on merchandise prices by increasing both the number of retail outlets and the company’s visibility in Japanese society, officials said.

As the CEO of Walmart Japan, the key Japanese arm of the Wal-Mart group, Noda said he will get the holding company to press ahead with the policy of new Seiyu store openings, while ‘‘acquiring other companies, depending on the situation.’‘

While Walmart Japan intends to intensify acquisitions of other companies, it will consider allowing regional retail companies whose brands local citizens have been familiar for years to retain such brands, he added. (JapanToday)