Japanese retail chain
Yoshida, 59, will succeed
Aeon, a leading Japanese retailor, aims to strengthen its online sales and other digital operations under the new top management in the face of stiff competition with rivals' convenience stores and other specialty stores such as
"We selected an individual who would be able to make objective predictions, at a time when changes occur swiftly," Okada said at a press conference at the company's head office building in
"I will endeavor to carry out my duties without losing sight of the direction of reform," Yoshida said.
Joining the company, formerly known as
Okada, the eldest son of Honorary Chairman
"Most of the authority will go to the upcoming president," Okada said. "I'll focus mainly on our group's strategy."
Aeon the same day reported a group net loss of
Although Aeon has been profitable in its financial and overseas businesses, it has been struggling in the supermarket business in
==Kyodo
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