Wal-Mart Says Will Take Charge Over Japan Store Closures

MarketWatch Pulse

Wal-Mart Stores Inc. said its Seiyu business in Japan will close 30 non-performing stores in the future, according to a regulatory statement Thursday. Wal-Mart said it's in the process of reviewing and assessing charges related to the closures, and currently estimates those will range from $0.04 to $0.05 per share from continuing operations. The charges will be recorded over the next several quarters, beginning in the company's fiscal fourth quarter of 2015.

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