Aeon news

15 August 2017
AEON has announced plans to set up over 100 stores by 2025 specifically tailored to meet the needs of Japan's senior population. These stores will be made up of new store openings as well as existing locations to be remodelled. The latter will be locations of at least two decades old where senior customers are likely to be familiar with, thus the most likely place this initiative will gain tracti...
10 July 2017
Japanese retailer AEON has exceeded their estimates for profits in Q1, posting 11.4% increase in operating profit to JPY36.6bn (US$321mn) for the same period last year. Private labels continue to be important... AEON will continue to use private labels to support growth; they have the capability to effectively link brands across their multi-format structure as well as across markets. Their ...
07 July 2017
Japanese retailer AEON is set to expand its presence in Cambodia further next year. Since introducing their first shopping mall back in 2014, Aeon opened its first grocery store late in 2015 and has plans to expand to 30 stores in the next three years. The latest retailer announcement is a second mall to open next year with 70,500 sqm retail space. Can AEON dictate mall development in Cambo...
09 May 2017
Aeon, the largest retailing group in Japan, is expanding its presence in emerging markets. The retailer is opening small grocery stores in Vietnam and Cambodia. Both economies have been growing at about 6% in recent years. Raising brand awareness to pave way for mall development Aeon is known for developing shopping malls. It currently operates four malls in Vietnam and plans for 20 by 2020...
19 April 2017
Five major convenience store operators in Japan will introduce self-checkout counters that can scan all items in a basket, instead of one by one. It is estimated that an investment of up to JPY100 bn (US$918.8m) will be needed for the implementation of the technology in 50,000 stores. Technology driving shopper efficiency Seven & I Holdings, East Japan Railway, Lawson, Ministop and FamilyMa...
13 April 2017
Japanese retailer Aeon has published its annual results, posting an operating profit increasing by 4% to JPY184.7bn (US$1.7 bn), but falling -2.79% short of the company's estimate of JPY190bn (US$1.75 bn) Price cuts announced, but improved sales expected Japan has tried to escape the effects of deflation for almost two decades, with the impact often moving in line with home and internationa...
20 March 2017
Aeon Big, a hypermarket chain owned by Aeon Co Ltd, is consolidating its business and focusing on a single business format. Store closures part of cost-cutting Aeon Co Ltd, the parent company of Aeon Big, purchased loss-making Carrefour Malaysia in 2012. The banner was changed to Aeon Big after the takeover. The company has been struggling to turn a profit in the last few years. As part of ...
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 co...
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 ...
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 set...