Aeon news

28 September 2021
AEON Wellness, the health and beauty division of the AEON Group, has recently announced new initiatives as part of its digital transformation to cope with the impact of the pandemic. Focus on digitisation, convenience and safety COVID-19 may have disrupted AEON Wellness’ operations in the past year, but it has also served as a catalyst for the retailer to accelerate its digital transformation...
23 September 2021
Aeon might offload the business due to its weak performance and continued profit decline in South Korea. Sales down -4.2%YoY, operating loss US$12m The retailer reported KRW1.79 tn (US$1.5 bn) in revenue for the last fiscal year (from March 2020 to February 2021), a decrease of 4.2%YoY (year-on-year). It reported an operating loss of KRW14.3 bn (US$12m) during the same period. It is the ...
24 July 2021
Vietnam is experiencing its worst wave of the pandemic, with Ho Chi Minh City as the epicentre of the latest outbreak.  The lockdown has disrupted the distribution of food in the city, especially for fresh vegetables.  The supply shortage has caused prices of commodities to increase significantly, such that people are unable to purchase essential food items.   Guardian and AEON are among the reta...
09 July 2021
Seven & i Holdings, Aeon and Lawson have posted their Q1 results for the period ended May 31, 2021. Summary and our view The performance of Japan’s leading retailers in Q1 showed some signs of recovery. More shoppers are beginning to return to stores, while average baskets sizes are declining slightly compared to heighted levels since the pandemic. However, overall sales, especially from co...
02 June 2021
AEON has partnered with circular packaging startup Loop to sell products in refillable packs.  This launch across its 19 stores in Japan attempts to limit usage of single-use plastics in the country.    Sustainable and durable packaging: stainless steel or glass AEON is now encouraging its customers to avoid traditionally used disposable containers for the grocery items they consume daily. ...
13 April 2021
Seven & i Holdings, Aeon and Lawson have posted their annual results for year ended February 28, 2021. Summary and our view 2020 was a very difficult year for Japan’s convenience industry. All of the leading retailers faced lower sales and customer visits. This was despite average basket size being larger than ever before. Returning to a growth trajectory is a priority for all convenience c...
12 April 2021
Japanese supermarket chain Daiei will launch an unmanned store in Tokyo, in collaboration with Chinese startup Cloudpick.  In addition, Rakuten and Seiyu are now also using robots to deliver supermarket purchases in Yokosuka City, Japan. Cost to implement Daiei’s store is 50% cheaper than similarly sized unmanned stores Daiei, an affiliate of AEON, will open this unmanned supermarket in Tok...
10 March 2021
Monthly data updates from 7-Eleven, Lawson and Ministop, focusing on sales, customer footfall and average customer spend in Japan.    Japan’s convenience channel shrinking For the fiscal year ending February 2021, all stores sales fell -2.8% at 7-Eleven, -8% at Lawson and -7.4% year-on-year (YoY) at Ministop. Driving differentiation and defining the role of the convenience store hav...
05 March 2021
Welcia-BHG Singapore is now selling more health and beauty products that are made in Japan.  The firm would like this focus on J-beauty to be its competitive advantage over other drugstores in Singapore. Tough 2020 for Welcia-BHG and plans for expansion in 2021 Welcia-BHG Singapore is a joint venture between AEON subsidiary Welcia Holdings and Chinese retailer Beijing Hualian Group (BHG).  ...
18 February 2021
The pandemic has triggered the decline of the beauty market in 2020, but key suppliers such as Procter & Gamble and L’Oréal are now expecting growth to return, through their online sales. L’Oréal: ecommerce to aid return to growth of cosmetics Although the total sales of L’Oréal has dropped for the full year of 2020, APAC is the only region that reported growth during the year.  This is mai...