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CEO of Wal-Mart Japanese Affiliate Steps Down

BY CSA STAFF

Japan, The CEO of struggling Japanese supermarket Seiyu, a Wal-Mart affiliate, resigned Wednesday after the chain posted its fourth straight loss this year.

Masao Kiuchi told reporters that he was stepping down to take responsibility for the poor performance of Seiyu, of which Wal-Mart owns 42%. Seiyu also announced a forecast of a 2005 loss of $66 million. The company previously said that it expected to break even.

Seiyu’s current chairman, Noriyuki Watanabe, will assume the role of chief executive.

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A&P Names New Executive Management

BY CSA STAFF

Montvale, N.J., The Great Atlantic & Pacific Tea Co., Inc. will be changing its senior executive management for business in the United States. The change is expected to be finalized by mid-August. The announcement comes after the company sold A&P Canada to Metro Inc.

Christian Haub will become executive chairman of A&P on Aug. 15. He is currently chairman and CEO. Eric Claus will become president and CEO of A&P. Claus was president of A&P Canada. In addition to the position changes, Brian Piwek, president and chief operating officer, will retire July 31.

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Sears Launches WebTV

BY CSA STAFF

Toronto, Sears Canada Inc. launched an online shopping program called Sears WebTV – www.searswebtv.ca. Sears WebTV programs feature eight merchandise categories at a time. The programs are 30 minutes long and are hosted by designer Sandra Gayle, best known for her work on HGTV’s Design Challenge.

“This new online shopping program is a key differentiator for us,” said Frank Rocchetti, senior VP, merchandising and marketing, Sears Canada. “We look forward to reviewing the data from the results in hopes that we can continue to refine the program and provide an even better shopping experience for our on-line customers while seeing a positive return on investment.”

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