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Two Top Managers Leave Troubled WalMart-Germany

Sales & Trends

WUPPERTAL, Germany (12 March)- The world’s retail leader WalMart is still working on its German subsidiary’s business. While the oversea subsidiaries of other company’s are profitable, until now WalMart-Germany’s business strategy hasn’t been successful. Not too long ago WalMart president Lee Scott stopped the planned expansion in Germany. The Wuppertal-based head office should first concentrate […]

WUPPERTAL, Germany (12 March)- The world’s retail leader WalMart is still working on its German subsidiary’s business. While the oversea subsidiaries of other company’s are profitable, until now WalMart-Germany’s business strategy hasn’t been successful. Not too long ago WalMart president Lee Scott stopped the planned expansion in Germany. The Wuppertal-based head office should first concentrate on ‘the right way to do business’, he stated (see Bike Europe Jan. 2001 issue). Now two top managers have left the company. Making it seven top managers that have left the troubled Wuppertal head office since WalMart started its German business at the end of 1997. Ian McLeod, former top manager at WalMart’s British subsidiary Asda, left WalMart-Germany after one year only. According to a report in Süddeutsche Zeitung he will become CEO of the Scottish soccer club Celtic Glasgow. Former Wertkauf manager Torsten Alfes who stayed at WalMart when the US giant took over 21 Wertkauf chain outlets left the also bicycle-product-selling mass merchant in March. (JB)

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