Aeon’s Ministop Korean business faces uncertain future

Date : 23 September 2021

Jiong-Jiong Yu

Senior Retail Analyst

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…
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