Walmart Inc might finally have found the sweet spot in Japan's food market ...
) might finally have found the sweet spot in Japan’s food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
The barely year-old tie-up between the U.S. supermarket chain’s Seiyu and local e-commerce firm Rakuten Inc clocked 30% sales growth for late October through December versus the same period a year earlier when Seiyu was going it alone, said Rakuten Seiyu NetSuper Chief Executive Tamae Takeda. The change in fortune is a boost for Walmart as it steps up its rivalry with Amazon.com Inc in its home market where retailers are racing to deliver online orders faster.
Helping drive overall growth, Takeda said, was demand for time-saving solutions, particularly as an increasing proportion of mothers work. Government data showed over 70% of Japanese women with children under 18 work, versus 50% just 20 years ago.
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