TOKYO -- Walmart plans to unload its unit Seiyu, a major Japanese supermarket chain, Nikkei has learned, as the U.S. retail giant reviews its global operations amid intensifying competition from online retailers, particularly Amazon.com.
The unit is expected to fetch 300 billion yen to 500 billion yen ($2.7 billion to $4.5 billion) and would mark the largest shake-up in Japan's distribution industry since Uny Group Holdings merged with FamilyMart in 2016.