Aeon news

Japanese conglomerate, AEON, has posted a 14% increase in operating profit to JPY210.2bn (US$1.9bn) and 2.2% increase in operating revenue to JPY8,390bn (US$77.9bn) for the fiscal year ending 28th February 2018. Price reductions driving traffic The retailer's operating revenue increased 1.7% to JPY7,674.4bn and 7.1% to JPY334.9bn in Japan and ASEAN respectively. Growth was led by an increas...

Joint venture with Alibaba-backed technology company to strengthen retail concepts. Initial focus on China market Aeon has partnered with DeepBlue Technology, a Chinese startup company backed by Alibaba, to develop AI driven store concepts. With an initial investment of $1m, Aeon now owns a 65% stake in a joint venture that will develop smart, small format stores. The initial target market ...

AEON Malaysia has announced plans to open a new shopping centre in June. This follows AEON Supermarket's recent partnership with Honestbee   to drive ecommerce growth. Future growth plans At a recent launch of MaxValu Prime in Kuala Lumpur, AEON management announced plans to open an AEON mall in Kuching, East Malaysia. In addition, plans to open three more MaxValu outlets in Malaysia were...

Groceries from Aeon supermarket to be delivered on Honestbee network. Use the Honestbee mobile app to get your groceries Aeon Malaysia has entered an alliance with Honestbee to start delivering groceries in Malaysia. This new delivery option, which uses personal shoppers to pick up and deliver orders, will enable Aeon customers to make their purchases online, via the Honestbee mobile app or...

We round up the latest trading updates and news for Japan's four largest retailers. Seven & i on track for strong fiscal year Seven & i Holdings has released strong Q3 results, posting a 4.4% increase in operating revenue to JPY 4,479.7bn, with operating income rising 8% to JPY 295.7bn. Revenue from its domestic CVS operations grew modestly at 3.2%, with existing stores rising for the seven...

Aeon Group has announced plans to invest JPY 500bn (US$4.4bn) in online operations over the next three years. 150% jump on previous investment levels The investment plan will kick off straight away and run through until 2020, with the objective for Aeon to raise its online profile, plus invest in new technologies and services.The investment represents a 150% increase on previous levels and ...

Earlier this year, AEON commenced their Medium-term Management Plan to emerge as the top conglomerate in each of their respective industries and regions by FY2019. We review the retailer's progress in H1, future prospects and where they are expanding overseas.  Strong revenue in H1 AEON exceeded estimates for the first half of fiscal 2017 ending 31st August, posting 1.4% increase in operati...

AEON has opened its second mall in Indonesia that focuses on entertainment and food. We review the impact and consequences of a slight shift to AEON's shopping mall strategy. New interactive direction... Well known for developing shopping malls, Japanese conglomerate AEON opened their first mall in Indonesia back in 2015. Two and a half years later, they have now opened their second mall in...

Japan Department Stores Association has reported a drop of 1.4 per cent in same-store department store sales in Japan last month. This was mainly attributed to lower clothing and food sales during last month as many retailers had moved their summer discounts to June.  The landscape... Japan is the home to several leading pan-Asian retailers like Seven & i, FamilyMart UNY, Lawson and AEON. S...

AEON has announced plans to set up over 100 stores by 2025 specifically tailored to meet the needs of Japan's senior population. These stores will be made up of new store openings as well as existing locations to be remodelled. The latter will be locations of at least two decades old where senior customers are likely to be familiar with, thus the most likely place this initiative will gain tracti...