Aeon news

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...
24 October 2018
We have seen several retailers across Asia launch their own e-wallets recently, including AEON in Malaysia, and FamilyMart and Carrefour in Taiwan. AEON launches its own e-wallet Earlier this year, AEON introduced its e-wallet app. Available to download on Google Play and Apple App store, AEON's e-wallet allows shoppers to pay and earn points at participating AEON stores (AEON Big Hypermark...
15 October 2018
Japan's four largest retailers, Seven & i Holdings, FamilyMart UNY, AEON and Lawson, have posted their results for the first half. Seven & i Holdings: 8.2% total Group sales growth Seven & i has recorded a 8.2% increase in total Group sales to JPY5,950bn, with operating profit rising 2.6% to JPY199,610bn year-on-year for the six months ending 31 August.  Domestic convenience store operat...
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 large profit decline (down by 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...
23 July 2018
We review some of the latest developments at Shinsegae, GS Retail and Ministop Korea. Shinsegae to open flagship VIDIVICI store in China Shinsegae International is opening a cosmetics flagship store for its VIDIVICI beauty brand in China late next year. It will launch a new premium lotus-themed skincare range prior to the opening. Korean beauty products are reputable and widely popular acro...
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...