Aeon news

AEON Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 2% fall in sales revenue to HKD4.8bn (US$614.6m) for the six months ended June 30, 2019. Investing in new stores and renovations The capital expenditure for the period was HKD81.6m (US$10.4m), mainly used to open new stores and shop renovations, as well as upgrade IT systems. Gross profit decreased ...

Japan’s four leading convenience banners, 7-Eleven, FamilyMart, Lawson and Ministop will offer a 2% discount for cashless payments starting October. On the spot discounts for nine months… The rebate program launched by the Japanese government coincides with the rise of consumption tax from 8% to 10% in October. The initiative will look to drive consumption and the use of cashless payments. ...

Japan's four largest retailers, Seven & i Holdings, Aeon, FamilyMart and Lawson, have posted their results for the first quarter. Seven & i Holdings: total sales up 1.5% Seven & i recorded a 1.5% increase in total group sales to JPY2,894.8bn (US$26.6bn), with operating profit rising 4.6% to JPY90.3bn (US$832.6m) year-on-year (yoy) for the three months ending 31 May.  Domestic convenience...

Aeon has confirmed an investment of US$280m for its third mall in South Hanoi which will open by the end of next year More malls planned in Vietnam The retailer plans to have 20 malls in Vietnam by 2025. It already has four malls trading in Ho Chi Minh city, Hanoi and Binh Duong. Three more are under construction in Hanoi and the northern city of Hai Phong. Strategic partnership with V...

Aeon Orange Thanlyn Sakura is opened in Yangon, Myanmar’s capital city, selling home electronics, clothing and other household items on top of foods. First hypermarket in the region The new hypermarket is 2,800 sq m, triple the size of its supermarket. In addition to grocery and general merchandise, there is a ready to eat selection of local dishes, salads and desserts in a 70 sq m dining a...

AEON has partnered online grocery delivery company HappyFresh in Malaysia to provide shoppers greater convenience. Purchasing groceries on HappyFresh mobile app AEON Malaysia continues to step up its ecommerce initiatives. It previously announced partnership with Honestbee , and now is allowing customers to buy groceries via the HappyFresh mobile app. Users will be able to choose from appr...

We round up the latest trading updates and news for Japan's four largest retailers, Seven & i Holdings, FamilyMart UNY, Lawson and AEON. Seven & i posts 12.5% increase in revenue Seven & i Holdings has released a strong set of annual results (ending 28 February 2019), posting a 12.5% increase in operating revenue to JPY6,791.2bn (US$60.7bn), with operating income up 5.1% to JPY411.5bn (US$3...

The Aeon Group, one of Japan's largest retailers, is to launch a network of smart stores that are capable of anticipating what customers are most likely to buy when they enter the store. Data-driven smart stores Facial recognition is widely used in China, mostly in cashless payment. Whereas in Aeon China’s smart stores, it is to be used to recognise shoppers upon entry.  This then triggers ...

South Korea’s food manufacturing conglomerate Daesang Group is to sell its remaining stake in the convenience store chain, Ministop Korea, to its Japanese partner Aeon. A deal estimated at US$80m Daesang and Aeon are finalising the terms of the deal, which is estimated at US$80m. Both parties aim to complete the sale within March. Aeon currently owns 76.06% Ministop Korea, Daesang 20% an...

AEONs Maxvalu in Hiroshima and a handful of 7-Eleven stores are reducing their operating hours in Japan. Maxvalu in Hiroshima ending 24-hour operations Maxvalu Nishinihon, a Hiroshima-based subsidiary of AEON, is ending 24-hour operations for 25 stores later this month. The company plans to refocus its staff members' attention on improving customer service. The move should also help the bus...