International News - Seiyu curbs net losses

Japanese retailer Seiyu, in which Wal-Mart has a 37.8 per cent stake, managed a 92.2 per cent reduction in net losses to Y7.09 billion (£35.2 million). Group sales slipped 17.8 per cent to Y937.59 billion (£4.66 billion), mainly because of a change to the reporting period.