Aeon news

15 May 2019
Aeon Orange Thanlyn Sakura is opened in Yangon, Myanmar’s capital city, selling home electronics, clothing and other household items on top of foods. First hypermarket in the region The new hypermarket is 2,800 sq m, triple the size of its supermarket. In addition to grocery and general merchandise, there is a ready to eat selection of local dishes, salads and desserts in a 70 sq m dining a...
24 April 2019
AEON has partnered online grocery delivery company HappyFresh in Malaysia to provide shoppers greater convenience. Purchasing groceries on HappyFresh mobile app AEON Malaysia continues to step up its ecommerce initiatives. It previously announced partnership with Honestbee , and now is allowing customers to buy groceries via the HappyFresh mobile app. Users will be able to choose from appr...
17 April 2019
We round up the latest trading updates and news for Japan's four largest retailers, Seven & i Holdings, FamilyMart UNY, Lawson and AEON. Seven & i posts 12.5% increase in revenue Seven & i Holdings has released a strong set of annual results (ending 28 February 2019), posting a 12.5% increase in operating revenue to JPY6,791.2bn (US$60.7bn), with operating income up 5.1% to JPY411.5bn (US$3...
10 April 2019
The Aeon Group, one of Japan's largest retailers, is to launch a network of smart stores that are capable of anticipating what customers are most likely to buy when they enter the store. Data-driven smart stores Facial recognition is widely used in China, mostly in cashless payment. Whereas in Aeon China’s smart stores, it is to be used to recognise shoppers upon entry.  This then triggers ...
22 March 2019
South Korea’s food manufacturing conglomerate Daesang Group is to sell its remaining stake in the convenience store chain, Ministop Korea, to its Japanese partner Aeon. A deal estimated at US$80m Daesang and Aeon are finalising the terms of the deal, which is estimated at US$80m. Both parties aim to complete the sale within March. Aeon currently owns 76.06% Ministop Korea, Daesang 20% an...
06 March 2019
AEONs Maxvalu in Hiroshima and a handful of 7-Eleven stores are reducing their operating hours in Japan. Maxvalu in Hiroshima ending 24-hour operations Maxvalu Nishinihon, a Hiroshima-based subsidiary of AEON, is ending 24-hour operations for 25 stores later this month. The company plans to refocus its staff members' attention on improving customer service. The move should also help the bus...
15 February 2019
American manufacturer and distributor Avery Dennison has announced that it will work with the Japanese government to drive RFID technology roll-out in convenience stores across Japan. Roll-out across Japan by 2025 We have already seen some of the leading convenience operators, e.g. Lawson launch new style checkouts in recent years. This latest announcement should help accelerate the roll-ou...
11 January 2019
We round up the latest trading updates and news for Japan's four largest retailers. Seven & i posts 13.2% increase in revenue Seven & i Holdings has released a strong set of Q3 results, posting a 13.2% increase in operating revenue to JPY5,072.3bn, with operating income up 2.9% to JPY304.2bn. Revenue from its domestic CVS operations grew modestly at 2.9%, with existing stores rising for the...
18 December 2018
Japan-based AEON has acquired a 19.9% stake in France-based organic retailer, Bio c’ Bon. 50 new stores planned by 2021 AEON and Bio c' Bon partnered in 2016 and opened a first Japanese store in Tokyo soon after. The joint venture, Bio c' Bon Japan, is owned equally by AEON and Bio c’ Bon. A total of eight stores have been opened in Japan since, with the companies reiterating their aim to o...
05 December 2018
South Korea’s FTC (Fair Trade Commission) approved a set of voluntary rules agreed by convenience store operators to better protect struggling franchisees. Minimum distance between stores Five members of the Korea Association of Convenience Store Industry, CU, GS25, 7-ELEVEN, MINISTOP, C-SPACE and Emart24, came up with a voluntary agreement to curb excessive competition. A key centerpiec...