Aeon news

06 November 2014
Aeon has established a small team, working out of Mumbai, on a market entry strategy to capitalise on what will be the world's third largest grocery retail market by 2020. Application to the foreign investment board still pending Aeon is yet to formally apply to the Indian government but is believed to have met with government agencies. With the new government taking charge next year, the J...
05 November 2014
FamilyMart and AEON-owned Kasumi have teamed up to create a new convenience format in Japan - FamilyMart Plus - combining the best elements of supermarkets and convenience stores, with a greater focus on fresh. Fresh products are core part of range FamilyMart Plus is located in Kawaguchi, Saitama Prefecture, and opened on 1 November. At 290 sq. m, it is twice the size of a standard FamilyM...
22 October 2014
Amid intensified competition in the drugstore channel, AEON plans to increase stake in Welcia Holdings and integrate with other businesses to take the number one spot in the market. Plans to increase stake in Welcia Holdings AEON may be poised to up its stake in drugstore operator Welcia from 37.4% to 50.1% in a deal worth around JPY 20bn, according to the Nikkei. In this instance, AEON wo...
21 October 2014
Japanese retailer AEON will partner with domestic retailers Fivimart and Citimart to sell its Topvalu private label products, Viet Nam News reports. New outlets for private label will accelerate scale for AEON AEON's cooperation with Fivimart and Citimart will offer a short-cut to scale for AEON in the Vietnamese market; the domestic retailers have a combined network of more than forty sto...
16 October 2014
As Seven & I, AEON, Lawson and FamilyMart announce their first half results, we assess their performance in the year so far and look ahead at strategies to win for the full year and beyond. Tough conditions, cautious optimism for full year All Japanese grocery players faced tough trading conditions in their domestic in the first half of the year, hit by the increase in consumption tax, p...
24 September 2014
AEON is to fully acquire the remaining shares in Daiei to make the retailer a wholly-owned subsidiary in 2015. Latest in a series of turnaround measures AEON already owns a 44.15% stake in Daiei. The transaction will see Daiei delisted from the Tokyo stock exchange on 26 December, prior to its becoming a full part of AEON. The Daiei business has been struggling for some years and AEON had a...
26 August 2014
How will AEON's plans for day care and Lawson's cinema acquisition boost the retailers' grocery businesses? Childcare has strong synergy with AEON's portfolio; may unlock new site locations AEON plans to open child day care in its Japanese stores, the Nikkei reports. The service will first be introduced in a store in the greater Tokyo area in spring next year, to be rolled out to a furt...
23 July 2014
As AEON invests for growth in Japan and overseas, first quarter results reveal 17.2% revenue growth to JPY 1.7tn, and a sharp decline in operating income, falling -35.3% to JPY 22.4bn. The Group outlines its ongoing priorities as it targets a seven trillion yen turnover for full year 2014. High investments and flat same store sales underlining results GMS, AEON's largest business division, ...
25 June 2014
Latest news round-up includes: Tesco's private label launch, 7-Eleven's new store concept, and AEON's focus on small non-grocery formats. 7-Eleven plans cafe-concept stores for urban locations As convenience chain 7-Eleven celebrates the opening of its 1,600th store in Malaysia, the company announces plans to roll out a new store concept in urban locations. Features will include free wif...
19 June 2014
Leading Japanese retailer AEON is ramping up its investment in overseas expansion, whilst building scale in the discount format in its domestic market. Discount's growing appeal to Japanese shoppers AEON plans to triple the number of A Colle discount format stores in Tokyo by 2016. At present it operates around 90 stores under this banner: store numbers are set to be boosted to around 250...