Seiyu expects to incur annual net loss for 6th straight year

Seiyu expects to incur annual net loss for 6th straight year

TOKYO, Japan - Seiyu Ltd. Chief Executive Officer Edward James Kolodzieski said at a press conference in Tokyo on Aug. 14 that the Japanese retail unit of Wal-Mart Stores Inc. now expects a 5.9 billion yen group net loss for its current business year to Dec. 31 for a sixth consecutive year of red ink.

Seiyu to launch aggressive price-cutting campaign to spur sales

Seiyu to launch aggressive price-cutting campaign to spur sales

TOKYO, Japan - Ed Kolodzieski, chief executive officer of supermarket operator Seiyu Ltd., speaks during an interview with Kyodo News at Seiyu's headquarters in Tokyo's Kita Ward on Nov. 28. Kolodzieski said his company is aiming to extend 24-hour operations from 80 percent of its stores at present to all of its stores nationwide.

Wal-Mart to launch tender offer for Seiyu

Wal-Mart to launch tender offer for Seiyu

TOKYO, Japan - Brett Biggs (L), Wal-Mart Stores Inc.'s senior vice president, and Ed Kolodzieski, chief executive officer of Seiyu Ltd., pose for photographers at a news conference in Tokyo on Oct. 22 where Wal-Mart, the parent company of Seiyu, announced it will launch a tender offer for Seiyu and turn the struggling Japanese supermarket chain into a wholly owned subsidiary. Seiyu became a Wal-Mart subsidiary in December 2005 and is now owned 50.94 percent by Wal-Mart.

Seiyu appoints Wal-Mart official as chief exec.

Seiyu appoints Wal-Mart official as chief exec.

TOKYO, Japan - Japanese retailer Seiyu Ltd. on Nov. 2 announced the appointment of Edward Kolodzieski (in handout photo), senior vice president and chief operating officer of Wal-Mart International, as president and chief executive officer. Seiyu is soon to become a subsidiary of the U.S. retail chain Wal-Mart Stores Inc.

Seiyu appoints Wal-Mart official as chief exec.

Seiyu appoints Wal-Mart official as chief exec.

TOKYO, Japan - Japanese retailer Seiyu Ltd. on Nov. 2 announced the appointment of Edward Kolodzieski (in handout photo), senior vice president and chief operating officer of Wal-Mart International, as president and chief executive officer. Seiyu is soon to become a subsidiary of the U.S. retail chain Wal-Mart Stores Inc. (Kyodo)

Seiyu expects to incur annual net loss for 6th straight year

Seiyu expects to incur annual net loss for 6th straight year

TOKYO, Japan - Seiyu Ltd. Chief Executive Officer Edward James Kolodzieski said at a press conference in Tokyo on Aug. 14 that the Japanese retail unit of Wal-Mart Stores Inc. now expects a 5.9 billion yen group net loss for its current business year to Dec. 31 for a sixth consecutive year of red ink. (Kyodo)

Wal-Mart to launch tender offer for Seiyu

Wal-Mart to launch tender offer for Seiyu

TOKYO, Japan - Brett Biggs (L), Wal-Mart Stores Inc.'s senior vice president, and Ed Kolodzieski, chief executive officer of Seiyu Ltd., pose for photographers at a news conference in Tokyo on Oct. 22 where Wal-Mart, the parent company of Seiyu, announced it will launch a tender offer for Seiyu and turn the struggling Japanese supermarket chain into a wholly owned subsidiary. Seiyu became a Wal-Mart subsidiary in December 2005 and is now owned 50.94 percent by Wal-Mart. (Kyodo)

Seiyu to launch aggressive price-cutting campaign to spur sales

Seiyu to launch aggressive price-cutting campaign to spur sales

TOKYO, Japan - Ed Kolodzieski, chief executive officer of supermarket operator Seiyu Ltd., speaks during an interview with Kyodo News at Seiyu's headquarters in Tokyo's Kita Ward on Nov. 28. Kolodzieski said his company is aiming to extend 24-hour operations from 80 percent of its stores at present to all of its stores nationwide. (Kyodo)