Aeon news

26 February 2020
AEON has announced a 4.3% growth in revenue and 3.97% growth in profits in Malaysia for FY 2019. Growth driven by store refreshments The group grew net profit to MYR109.29m (US$25.8m) for the full year FY19, from MYR105.12m (US$24.88m) in FY18. Revenue also grew 4.3% to MYR4.54bn (US$1.07bn) from MYR4.35bn (US$1.03bn) in the previous year. The higher revenues are attributed to newly renovat...
03 February 2020
Japanese drugstore chains Matsumoto KiYoshi and Cocokara Fine are set to merge. New business entity Matsumoto KiYoshi began talks with Kanagawa-based Cocokara Fine on a deal last year. The two businesses are set to merge, creating a new business entity if approved by the boards of both sides. Deal to complete by October 2021 The transaction is expected to be completed by October nex...
14 January 2020
We spent a day in Melaka to understand how the key retailers drive sales in the lead up to Chinese New Year. The popular Jonker Street night market, located in Chinatown, was packed with locals and tourists. To drum up the spirit of Chinese New Year, the street was lit with red lanterns and the God of Fortune gave out lucky red envelopes to everyone. Source: IGD Research   AEON Band...
10 January 2020
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their results for the nine months ending 30 November 2019. Seven & i Holdings: total sales flat at 0.1% Seven & i recorded a 0.1% increase in total group sales to JPY9,019.3bn (US$82.4bn), with operating profit rising 4.9% to JPY319bn (US2.9m) year-on-year (yoy). Revenue from domestic convenience...
07 January 2020
AEON has gained approval from the Council for the Development of Cambodia (CDC) to open its third mall in 2023. New mixed development area The AEON mall will be located on Samdech Hun Sen Blvd, in Chak Angre Krom commune Meanchey district. The retailer will invest US$289.6m in the 174,000 sq. m property. This will be the first mall and supermarket for the southern part of Phnom Penh. Both c...
06 January 2020
AEON Co (M) Bhd has appointed Shafie Shamsuddin as managing director to succeed Shinobu Washizawa. Shinobu Washizawa retired on 31 December 2019 after spending 40 years with the AEON Group of Companies. Wealth of retail experience Mr. Shamsuddin was Chief Strategy Officer at AEON Asia Sdn Bhd prior to this appointment. He will also take on the post of director at AEON Big (M) Sdn Bhd on Jan...
09 December 2019
AEON mall Vietnam opened its fifth shopping and entertainment complex in Hanoi’s Ha Dong district on 5 December. New experiences for shoppers The three-storey mall is 22,700 sq m with 221 retail tenants for food, fashion, household hold goods and entertainment. More than 40 new brands to the city can be found here including Koi tea, Idoome, Kipling and Typo.   High tech and environmental...
29 November 2019
Aeon has partnered Ocado to develop its online grocery business in Japan. Developing a national fulfillment network The new partnership will involve Ocado building automated warehouses in Japan. These will be like the ones Ocado has set up in the UK, where robots fill customer orders ready for home delivery. Aeon will launch a new online business using the Ocado Smart Platform, which includ...
10 October 2019
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their results for the six months ending 31 August 2019. Seven & i Holdings: total sales flat up 0.8% Seven & i recorded a 0.8% increase in total group sales to JPY5997.4bn (US$55.8bn), with operating profit rising 2.8% to JPY205.1bn (US1.9m) year-on-year (yoy). Revenue from domestic convenience s...
01 October 2019
After postponing the rise of consumption tax twice, Japan has today brought in the long-delayed policy into effect. The increase is the first time in five years, from 8% to 10%. Rebate to provide shoppers relief The new rate applies to nearly all goods and services, from electronics to books. The government has introduced measures, however, including discounts for certain purchases made u...