Aeon news

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...

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...

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...

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...

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...

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...

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...

The pan-Asian retail group Aeon Mall plans to expands its footprint in Asia by opening new shopping malls in Indonesia and Vietnam, and evaluating potential opportunities in Laos, Myanmar and Thailand. Plans to open nine new stores by 2020 Aeon Mall opened its first store in Indonesia in 2015 and the group is planning to open five new malls in Jakarta under its 2020 strategy. It will al...

The four biggest Japanese convenience store chains – 7-Eleven Japan, Lawson, FamilyMart and Aeon’s Ministop – are backed by the government and planning to either expand or start their business in Vietnam. C-stores expansion fuels Japanese exports Representatives of the four companies revealed their plans, as they accompanied Japanese Minister of Economy, Trade and Industry to Ho Chi Minh Ci...

Following the impressive growth in H1, Japanese retailer Aeon has enjoyed another quarter of strong performance, with operating revenues soaring by 18.9%, to JPY6.0tn ($US51.7bn). Robust growth across the board Aeon’s operating revenue for the first nine months was at a record high, with operating income over JPY80bn, up 63.8% from the previous year. The group’s supermarket and disco...