Aeon news

15 March 2017
Aeon, the largest retail corporation in Asia, is planning for a second Hanoi mall to open in Ha Dong district. Heavy investments in Vietnam Aeon opened two malls in Vietnam in 2014, and one each in 2015 and 2016. The retailer is now planning a fifth mall in the west of Hanoi in 2019. Ha Dong district is receiving investments in an extended ring road system, a bus rapid transport system con...
04 January 2017
Japanese retailer Aeon has forayed into the ecommerce competition in Vietnam, selling imported Japanese products through its online website. First launch in Ho Chi Minh City The new website, AeonEshop.com, is designed as a business to consumer (B2C) platform, with the majority of its products imported from Japan. Aeon’s private label brand Topvalu will also be available for shoppers on the ...
01 November 2016
Japanese leading retailer Aeon has seen its revenue edge up 0.9% to JPY 4,112bn (US$39.2bn), for the six months ended 31 August, while its operating profit improves slightly by 0.1% to JPY72.4bn(US$0.69bn). Performances vary by format Aeon’s convenience store business records that its operating income has increased by 6.1% on operating revenues of JPY190.6bn (US$1.8bn), up 7% year on year f...
06 October 2016
As Myanmar’s new government accelerates its efforts to open up the country's economy, it is attracting international brands and retailers. An expanding economy, rising incomes and the new middle class are fueling the growth of modern retail in the country. Aeon store debuted in Yangon Aeon, the first foreign entity to operate retail stores in the country, entered the market by setti...
02 August 2016
Japanese retail giant Aeon will become the first foreign retailer to operate stores in Myanmar after the country’s democratic reforms in 2011. JV with local firm Aeon will create a Joint Venture company in August with Myanmar’s conglomerate Creation Myanmar Group of Cos. to co-operate supermarkets in the country. Aeon will provide the majority of the funding for the venture, which will be c...
20 June 2016
Japanese convenience store chain Ministop has announced that it will terminate the current franchise agreement with Indonesian retailer Bahagia Niaga Lestari (BNL). Failure to gain traction in the market After ending the partnership with BNL, Ministop will have to exit the market, at least temporarily. But it’s reported that the company is searching for a new partner and will potentially...
07 June 2016
Japanese retail giant Aeon has announced that they will collaborate with French frozen food retailer Picard Surgelés and launch the first frozen food supermarket in Japan. A new company Aeon Saveur to operate Picard Aeon will establish a new company, Aeon Saveur, in 1 June in Japan’s Chiba Prefecture. Aeon Saveur will work with Picard Surgelés to launch a full-scale Picard supermarket in Ja...
30 May 2016
Japanese retailer Aeon’s Malaysian operation has seen its revenue and profit decline by 2.7% and 41.9% respectively in Q1. Yet it will continue expanding in the country by building two new stores and investing in e-commerce. Weak retail business performance Aeon has reported that its revenue dropped by 2.7% to RM1.08bn (US$262.6m) from RM1.11bn (US$269.9m), while its net profit fell by 41.9...
19 May 2016
Aeon has concluded an agreement on setting up a JV - Bio c'Bon Japon - to tap into the organic supermarket business. Expanding in organic market Since the introduction of Japanese Agricultural Organic Standard  in 2000, Aeon has been expanding its organic product offering in Japan, catering to health conscious shoppers. The new JV will lead the development of an organic specialty supermarke...
10 May 2016
Leading Asian retailer AEON has revealed its full year 2015 results, reporting that operating revenue increased by 15.5% to JPY 8.2tn, while operating profit increased by 25.2% to JPY 177.9bn. Growth in all segments Supermarkets and discount stores operating revenue rose by 20.9% to JPY 3.1tn. Here, the priority has been on restructuring stores and developing new store formats, whi...