Aeon news

01 October 2018
With profitability continues to fall, AEON has announced that it will sell its convenience store chain in South Korea. A tough decision Operations at Ministop Korea have been under review for some time. Its performance has been deteriorating and suffered a large decline in profits (down 23% year-on-year in 2017). AEON was hesitant to sell as the number of single and two-person households in...
28 September 2018
AEON has sold its 30% stake in small grocery chain Fivimart to Vinmart in Vietnam. Divestment in Fivimart... After four years of being a part owner and mounting losses, AEON has sold its share in Fivimart (23 stores). It has been reported that the decision to exit was due to poor performance and strategic differences between stakeholders. Converted to Vinmart stores All Fivimart store...
22 August 2018
AEON Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 6.7% increase in sales revenue to HKD4.9bn (US$628m) for the first half. Record sales, but profitability remains a challenge AEON Stores Hong Kong's sales revenue reached a record high for the first half ending 30 June, but high operating costs continued to impact profitability. The Group's profit b...
12 July 2018
Japan's four largest retailers, Seven & i Holdings, FamilyMart UNY, AEON and Lawson, have posted their results for the first quarter. Seven & i Holdings: steady at home, soaring overseas Seven & i recorded a 6.6% increase in total group sales to JPY2,851bn (US$25.6bn), with operating profit rising 2.7% to JPY86.3bn (US$774.7m) year-on-year for the three months ending 31 May.  Domestic co...
22 June 2018
Japanese conglomerate AEON has opened a second mall in Cambodia. Largest AEON mall in SEA Just less than a year ago, AEON announced plans to open a second mall in Cambodia. This is now officially open, located in the country's capital Sen Sok district. The new mall is the retailer's largest shopping mall (70,500 sq m) in Southeast Asia (SEA). After attracting 18m people within three ye...
13 April 2018
Japanese conglomerate, AEON, has posted a 14% increase in operating profit to JPY210.2bn (US$1.9bn) and 2.2% increase in operating revenue to JPY8,390bn (US$77.9bn) for the fiscal year ending 28th February 2018. Price reductions driving traffic The retailer's operating revenue increased 1.7% to JPY7,674.4bn and 7.1% to JPY334.9bn in Japan and ASEAN respectively. Growth was led by an increas...
22 March 2018
Joint venture with Alibaba-backed technology company to strengthen retail concepts. Initial focus on China market Aeon has partnered with DeepBlue Technology, a Chinese startup company backed by Alibaba, to develop AI driven store concepts. With an initial investment of $1m, Aeon now owns a 65% stake in a joint venture that will develop smart, small format stores. The initial target market ...
06 February 2018
AEON Malaysia has announced plans to open a new shopping centre in June. This follows AEON Supermarket's recent partnership with Honestbee   to drive ecommerce growth. Future growth plans At a recent launch of MaxValu Prime in Kuala Lumpur, AEON management announced plans to open an AEON mall in Kuching, East Malaysia. In addition, plans to open three more MaxValu outlets in Malaysia were...
29 January 2018
Groceries from Aeon supermarket to be delivered on Honestbee network. Use the Honestbee mobile app to get your groceries Aeon Malaysia has entered an alliance with Honestbee to start delivering groceries in Malaysia. This new delivery option, which uses personal shoppers to pick up and deliver orders, will enable Aeon customers to make their purchases online, via the Honestbee mobile app or...
18 January 2018
We round up the latest trading updates and news for Japan's four largest retailers. Seven & i on track for strong fiscal year Seven & i Holdings has released strong Q3 results, posting a 4.4% increase in operating revenue to JPY 4,479.7bn, with operating income rising 8% to JPY 295.7bn. Revenue from its domestic CVS operations grew modestly at 3.2%, with existing stores rising for the seven...