Aeon news

AEON plans to increase the number of products in its private label ranges by around 2,300 items by fiscal 2017, as it seeks to grow in southeast Asia. New products in Thailand and Malaysia AEON will work with local manufacturers to develop and introduce products under its Topvalu label over the next two years. In Thailand, AEON intends to increase the range to 800 products from the curr...

Aeon delivered record high operating revenues this half, rising by 18.7% to JPY4.1tn ($US34.4bn). Operating income grew by 28.8%. Revenues grew in all retail channels Aeon's supermarket and discounter stores achieved 28% growth in operating revenue to JPY1.6tn (US$13.1bn), with operating income increasing by 14.7%. These results follow improvements in the fresh and deli offering, an exten...

Aeon has opened a new concept store in Hong Kong and re-commences its Thailand expansion by opening a new shopping mall. Japanese-led store in Hong Kong Aeon has invested HKD$30m (US$3.9m) on renovating its Tsuen Wan store in order to target the area's rising affluence. The new 170,000 sq ft (15,794 sq m) store that opened last week has adopted ranging and design elements from its Japan...

Pan-Asian retailer Aeon will build a second shopping mall in Phnom Penh. Significantly larger 151,000sqm shopping mall The shopping mall will be build about 10km north of the capital and will be 40% larger than the first mall, with a gross leasable area of 70,500sqm. Like all of Aeon's malls in Asia, Aeon supermarket will be located in the centre surrounded by Japanese brands who partner...

According to IGD research, the Vietnamese retail market is set to grow by 8.4% a year until 2020, making it one of the fastest-growing markets in south-east Asia.  Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right now. 1. Confident inv...

AEON delivered record high results in the first quarter, following a subdued performance in full year 2014. Operating revenue rose 17.9% to JPY 2tn and operating income increased 55.4% to JPY 34.9bn. With exception of GM, revenue rose in all divisions Whilst the retailer's GM revenue results remained subdued (-2.5% year-on-year to JPY 662.8bn), all other divisions delivered a positive pe...

Our team of analysts travel around the world, seeking out the latest in FMCG retail innovation. We have selected some of the best stores from our visits across the year so far. UK - Waitrose Food & Home, Salisbury Selected by: Priya Chandarana, Retail Analyst Waitrose's newest flagship, this store has a clear focus on the retailer's food credentials. There is a particularly nice tie...

Leading Swiss retailer Migros reveals plans to sell private label products to Seiyu (Walmart Japan) and Lawson’s Seijo Ishii stores, reported the Nikkei Asian Review. Targeting JPY 2bn sales by 2020 Initially Migros will distribute 16 products with a premium focus, including ‘Swiss Delice’ cookies and iced tea. The products will be available in 400 supermarkets, under the Seijo Ishii a...

The retailer has announced plans to open its fourth mall in Binh Tan district, Ho Chi Minh City next summer, as more retailers target growth and expansion. Increasing the coverage in Ho Chi Minh suburbs Construction on the 46,000 sqm mall started in January 2015. Total investment for the project will be up to USD128m, and it is expected to open by summer 2016. Located adjacent to the cit...

Ministop, the AEON-owned convenience chain, will partner with Sojitz as it seeks to open 800 stores over the next ten years. New partner will strengthen operations ahead of expansion After four years in the market, AEON's partnership between local retailer G7 and its convenience chain Ministop has yet to realise its ambitious expansion plans, currently operating a network of just 17 stor...