Daimaru's restructuring hints at good things in store; retail chain may buck trend in Japan, although some contrarians say firm has 'blurry focus.'

Article Abstract:

Japanese department-store chain Daimaru is inspiring confidence in some stock analysts even though the rest of the department store sector has long fallen out of favor among investors. Those who are optimistic about the company's economic outlook cite its sound restructuring measures, which include a workforce reduction. However, other stock analysts are still reluctant to rate Daimaru as a 'buy' because of its 'blurry focus' and its failure to implement bolder measures to increase its stores' appeal.

Evaluation, Japan, Retail trade, Daimaru Inc.

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BRAZIL: GEMPLUS SUPPLIES LOYALTY SMARTCARDS

Article Abstract:

The French company Gemplus has become the leading supplier of smartcards for the Brazilian partners Lojas Americanas (a chain of shops) and RBS, which have created the multi-partner customer loyalty card 'Smart Club do Brasil' (SCB). It is expected that 5mn people will use the SCB card by 2002. The loyalty cards offer reductions on hotels, cinemas and restaurants etc., as well as air miles.

Use of services, Contracts & orders received, Magnetic Cards, Magnetic and Optical Recording Media Manufacturing, Brazil, RBS Advanta, GemPlus Card International, Lojas Americanas S.A.

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