Japanese Retailers Impacted by Quake, Tsunami

TOKYO — Some major Japanese retailers have slashed their sales and pro-fit outlooks for the year following the massive earthquake and tsunami of March 11 and the resulting nuclear reactor crisis. Seven & I Holdings, the largest Japanese food retailer and parent of the 7-Eleven chain, said it was expecting its sales for the current fiscal year to fall 10.2%, to about $52 billion. Profits are expected

TOKYO — Some major Japanese retailers have slashed their sales and pro-fit outlooks for the year following the massive earthquake and tsunami of March 11 and the resulting nuclear reactor crisis.

Seven & i Holdings, the largest Japanese food retailer and parent of the 7-Eleven chain, said it was expecting its sales for the current fiscal year to fall 10.2%, to about $52 billion. Profits are expected to d

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