Japan Rakuten Walmart Tender

Rakuten Inc. and Walmart Inc. officially opened the first Walmart eCommerce store in Japan the Walmart Rakuten Ichiba Store on the Rakuten Ichiba internet shopping mall. The flagship store combines Walmarts international expertise in delivering high-quality U.S. branded products at great prices and Rakutens strengths in online commerce to bring exciting new shopping experiences to Japanese consumers.The digital Walmart store offers Japanese consumers access to a wide variety of high-quality U.S. branded products including fashion apparel outdoor goods and toys. The store will initially offer approximately 1200 products from a diverse range of prestigious brands. Orders will be fulfilled in the U.S. and air freighted directly to Japanese customers with a no surprises policy that includes shipping duties and taxes in the product price.Walmart plans to continue expanding its product range and adding new product categories from its international assortment to the Rakuten Ichiba store to meet customer needs. Walmarts Japanese subisidary Seiyu GK will provide customer support for the store leveraging its years of experience serving local Japanese consumers.We are very excited to be working with Walmart to bring a diverse product lineup of American brands at affordable prices to Rakuten Ichiba users in Japan commented Shunsuke Yazawa executive officer and vice president of the marketplace business at Rakuten Inc. Through the opening of the Walmart Rakuten Ichiba Store we hope to make Rakuten Ichiba an even more attractive destination for online shoppers in Japan.Walmart is committed to providing a trusted retail experience in Japan and we are always looking for new ways to better serve consumers here as their lifestyles and needs change. Through Seiyu we have an in-depth understanding of this fast-changing market. The carefully curated assortment being offered on our flagship store reflects this insight and our ongoing dedication to Japanese shoppers. Nathan Kring Senior Vice President Walmart InternationalThe digital Walmart store on Rakuten Ichiba is part of a strategic alliance between Walmart and Rakuten announced in January this year. The two companies are leveraging their unique strengths and assets to expand consumer reach and enhance the way customers are served in Japan and the U.S.In October Rakuten and Seiyu jointly officially opened the Rakuten Seiyu Netsuper. This new online grocery delivery service leverages Seiyus extensive experience in the local fresh food and grocery segments to bring greater convenience to Rakutens roughly 99 million-strong membership base.In addition Walmart eBooks by Rakuten Kobo was launched in August of this year to give Walmart customers in the U.S. access to a comprehensive catalog of more than 6 million eBooks and audiobooks as well as the Kobo eReader and a co-branded free reading app for iOS and Android devices.