Aeon news

24 September 2014
AEON is to fully acquire the remaining shares in Daiei to make the retailer a wholly-owned subsidiary in 2015. Latest in a series of turnaround measures AEON already owns a 44.15% stake in Daiei. The transaction will see Daiei delisted from the Tokyo stock exchange on 26 December, prior to its becoming a full part of AEON. The Daiei business has been struggling for some years and AEON had a...
26 August 2014
How will AEON's plans for day care and Lawson's cinema acquisition boost the retailers' grocery businesses? Childcare has strong synergy with AEON's portfolio; may unlock new site locations AEON plans to open child day care in its Japanese stores, the Nikkei reports. The service will first be introduced in a store in the greater Tokyo area in spring next year, to be rolled out to a furt...
23 July 2014
As AEON invests for growth in Japan and overseas, first quarter results reveal 17.2% revenue growth to JPY 1.7tn, and a sharp decline in operating income, falling -35.3% to JPY 22.4bn. The Group outlines its ongoing priorities as it targets a seven trillion yen turnover for full year 2014. High investments and flat same store sales underlining results GMS, AEON's largest business division, ...
25 June 2014
Latest news round-up includes: Tesco's private label launch, 7-Eleven's new store concept, and AEON's focus on small non-grocery formats. 7-Eleven plans cafe-concept stores for urban locations As convenience chain 7-Eleven celebrates the opening of its 1,600th store in Malaysia, the company announces plans to roll out a new store concept in urban locations. Features will include free wif...
19 June 2014
Leading Japanese retailer AEON is ramping up its investment in overseas expansion, whilst building scale in the discount format in its domestic market. Discount's growing appeal to Japanese shoppers AEON plans to triple the number of A Colle discount format stores in Tokyo by 2016. At present it operates around 90 stores under this banner: store numbers are set to be boosted to around 250...
20 May 2014
AEON restructures its supermarket operations in Kanto, Japan, and seeks to create a better shopping experience in Malaysia. Differentiating stores in competitive Malaysian market AEON has announced plans to open stores in Kedah, Kelantan, Terngganu, Sabah and Sarawak over the next five years. Alongside network expansion, the retailer will introduce new food and lifestyle brands to boost...
12 May 2014
AEON and its 263 consolidated subsidiaries saw a record increase in operating revenue, up 12.5% to JPY 6.4tn for the year ending 28 February 2014. Operating income declined 10.1% to JPY 171.4bn. Performance by division Supermarkets In 2013 operating revenue was up 4.9% and operating income down -9.6% Focus in the year ahead will be better equipping stores to win in the local area, ...
17 April 2014
Sephora has partnered with Malaysia-based, Zalora to enable it to sell online in Southeast Asia, while Aeon plans to increase its stake in Welcia Holding, expanding its presence in the drugstore channel. Sephora partners with Zalora to distribute in Southeast Asia Sephora has partnered with Zalora, to enable it to sell online. The offer will begin in Singapore and Malayasia, with Thailand next ...
01 April 2014
AEON has partnered with McDonalds to pioneer easier ways for shoppers to pay in Thailand. Mobile technology enabling cashless payment on delivery AEON's financial business in Thailand has partnered with McDonalds to launch a new mobile point of sale (POS) payment service, Retail in Asia reports. The system enables McDonalds' customers using the delivery service to pay with their card rather t...
26 March 2014
Pan-Asian retailer AEON expects subsidiaries in Cambodia, Vietnam, Myanmar and Laos to double profit contribution in a medium term time frame, the Bangkok Post reports. New market entries bearing fruit AEON's Thai business forecasts the profit contribution of its subsidiaries in four of Asia's most promising emerging markets to double from its current 5% to 10% as early as 2017, local...