Aeon news

26 September 2013
We round up the latest news in this key ASEAN market: AEON's new joint venture, Tesco's latest promotions and 7-Eleven's IPO. AEON Malaysia forms new JV AEON has formed a partnership with Thai retailer Index Living Mall to operate home furnishing outlets. Japanese retailer AEON is Malaysia's second largest grocery operator, and also operates  general merchandise and health and beauty ...
19 September 2013
Tokyo-based Maruetsu announces the opening of its first premium supermarket in Jiangsu province, China, by the end of September. Exporting its high-end supermarket format overseas At present Maruetsu operates more than 270 stores in Japan, focused on the Tokyo metropolitan region. Its multi-format portfolio includes Maruetsu supermarkets, Maruetsu Petit urban supermarkets and Lincos premi...
11 September 2013
Japanese retailer AEON plans to open six new hypermarkets to further boost its presence in the Malaysian market. New stores to unlock long-term growth prospects for AEON The six new stores are scheduled to open between 2014 and 2016, to be located in secondary towns in Johor, Kedah, Kelantan, Perak, Selangor and Terengganu, The Star newspaper reports. AEON plans to capture growth in the ma...
29 August 2013
AEON's expanding operational networks in Hong Kong and mainland China delivered revenue growth of 15.9% to HK$4.2bn (US$542m). However, profit declined 80.2% to HK$26.3m (USD3.4m) in the first six months of the year. First half results reflect expanded network and market challenges Healthy double digit growth in revenue was supported by new store openings. AEON now operates 28 stores in sou...
17 July 2013
Ministop enters the markets, whilst domestic retailer Matahari continues expansion in Sumatra. Matahari growing regional presence Indonesian multichannel grocery retailer Matahari opens its 85th hypermarket in Pematangsiantar, North Sumatra, increasing store concentration in east Indonesia. In 2013 Matahari plans to open around 20 hypermarkets, adding to a target of 80 new stores by 201...
27 June 2013
Three stories from Asia highlight the continued expansion of the convenience store in the region, with different retailers announcing plans for growth in China, Indonesia and Malaysia. 7-Eleven to grow presence in China As part of the joint venture between Mitsui & Co, Southern Hope Industrial and Seven-Eleven Investment, 7-Eleven has announced that it will open 300 stores in Chongqing, sou...
13 February 2013
Aeon continues its rapid Asian expansion, announcing plans to open malls and stores in the thriving Indonesian market. "Indonesia has great prospects" Japanese retailer Aeon will take a two-pronged approach in the Indonesian  market, openings shopping malls alongside its smaller scale retail stores, including the convenience chain Ministop. Aeon Indonesia president Toyofumi Kashi h...
16 January 2013
Aeon plans to complete the rebrand of 26 hypermarkets by April. The action follows Aeon's acquisition of Carrefour's Malaysian operations last October. Aeon's RMB 100m investment Malaysian newspapers report that Aeon has allocated RMB 50m to rebrand the stores under the Aeon Big banner. Two stores have already been rebranded, with the rest to follow in the coming months. A second phase...