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Keyes Steps Down as 7-Eleven Chief

BY CSA STAFF

Dallas, On Nov. 9, Seven-Eleven Japan completed a tender offer that gave it 100% ownership of Dallas-based 7-Eleven Inc. On Nov. 11, Jim Keyes retired as president, CEO and director of 7-Eleven. His 20-year career with 7-Eleven included stints as CFO and chief operating officer.

“We are grateful to Jim for his many contributions and years of service to 7-Eleven, Inc., and we wish him well in his future endeavors,” said Toshifumi Suzuki, chairman and CEO of Seven-Eleven Japan, Co., Ltd. Seven-Eleven Japan and its affiliates have owned a majority stake in 7-Eleven, Inc. since 1991.

With Keyes at the helm, the company produced record sales and profits, including the company’s announcement last month of its 36th consecutive quarter of U.S. same-store merchandise sales growth.

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Wal-Mart Dodges Boycott With Apology

BY CSA STAFF

Bentonville, Ark., The Catholic League for Religious and Civil Rights called off a boycott of Wal-Mart Stores after the retailer apologized for an e-mail that suggested that Christmas originated from many world religions.

The Catholic League had called the boycott after a customer-service employee responded to a customer’s complaint that Wal-Mart had replaced a “Merry Christmas” greeting with “Happy Holidays.” The employee responded that Christmas drew many of its rituals from many ancient peoples including the Visigoths, Celts and Semites.

Wal-Mart said the employee sent the message without review from his superiors and that it does not reflect the company’s opinion. The retailer also said that the employee no longer works for Wal-Mart.

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Wal-Mart Dodges Boycott With Apology

BY CSA STAFF

Bentonville, Ark., The Catholic League for Religious and Civil Rights called off a boycott of Wal-Mart Stores after the retailer apologized for an e-mail that suggested that Christmas originated from many world religions.

The Catholic League had called the boycott after a customer-service employee responded to a customer’s complaint that Wal-Mart had replaced a “Merry Christmas” greeting with “Happy Holidays.” The employee responded that Christmas drew many of its rituals from many ancient peoples including the Visigoths, Celts and Semites.

Wal-Mart said the employee sent the message without review from his superiors and that it does not reflect the company’s opinion. The retailer also said that the employee no longer works for Wal-Mart.

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