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#Aeon

Every story tagged #Aeon on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

139 stories in this topic

artificial intelligence robot
General
1 min read

Aeon China to launch self-serve store

Aeon China is set to launch a self-service store network equipped with technology to anticipate what a customer will buy upon entry. The facial-recognition technology will activate recommendations and coupons displayed on the customer’s phone, based on…

Daesang
General
1 min read

Daesang to sell Ministop stake to partner Aeon

South Korean food manufacturer Daesang is reportedly exiting the convenience store business, selling its stake in the Ministop chain. A cut-throat industry in the territory, competition between players has become so intense that legislation is now in effect…

AEON and Thai Airways launches AEON Royal Orchid Plus World MasterCard Final
Finance
2 min read

AEON Credit’s 5-minutes Sweep till you drop!

The highly-anticipated AEON Credit #MyFestiveMania Supermarket Sweep Challenge returned for its’ second round, giving out more than RM20,000 worth of prizes to 10 lucky winners. Winners stood a chance to fill up their shopping carts with as many groceries and…

MINISTOP Ibaraki Masago 620x400
Living
1 min read

Lotte’s Ministop deal falls through

The sale of convenience store chain Ministop fell apart as potential bidder Lotte and the Japan-based convenience franchise failed to agree on a price. The AEON Group of Japan, the largest shareholder of Ministop Korea, filed a notice on Monday that it has…

Bank Cards
Finance
1 min read

AEON Thailand and Mastercard celebrate new year with promotion

Mr.Nuntawat Chotvijit (2nd from left), Executive Director of AEON Thana Sinsap (Thailand) Public Limited Company together with Mr.Donald Ong (2nd from right), Country Manager Thailand and Myanmar, Mastercard joined hands to give away a special year-end…

aeon credit
Finance
1 min read

Aeon Credit posts better earnings in third quarter

Aeon Credit Service (M) Bhd’s net profit for the third quarter ended Nov 30, increased 23.5% to RM87.14 million from RM70.55 million a year ago, attributed to lower impairment loss on financing receivables. Revenue for the period increased 11.6% to RM348.5…

AEON Thailand Foundation donates proceeds from the to Ramathibodi Foundation8814 scaled
Living
1 min read

AEON Thailand Foundation donation proceeded

Last week, Mr.Kiyoyasu Asanuma (4th from left), Chairman of AEON Thailand Foundation, and Ms.Suporn Wattanavekin (3rd from left), Vice Chairman of AEON Thailand Foundation, together with Mr. Nuntawat Chotvijit (2nd from left), Director of Marketing, AEON…

aeon mall
General
2 min read

AEON sells stake in Vietnamese supermarket chain

Japanese retail company AEON has closed its cooperation with Vietnamese shopping market chain Fivimart, a source said. A senior AEON official, who asked not to be named, said that the company has sold its entire stake in Fivimart to a Vietnamese firm after…

ministop
Living
1 min read

Ministop South Korea is for sale, rivals compete

South Korean retail operators Lotte and Shinsegae are competing to buy the 21-year-old local subsidiary of Japanese convenience-store operator Ministop. Shinsegae and Lotte respectively own rival chains Emart24 and 7-Eleven and are both reportedly seeking to…

index living mall
Living
2 min read

Aeon to shut down Index Living Mall Malaysia stores

Aeon Co (M) Bhd’s net profit plunged 64.5% to RM9.79 million for the second quarter ended June 30 compared with RM27.55 million in the previous corresponding period, due to the recognition of impairment loss on investment in its associate company Index Living…

boxed
E-Tailing
1 min read

Japan’s Aeon to invest in grocery delivery Boxed

Japanese retail group Aeon has lead a US$111 million funding round in US bulk grocery delivery business Boxed. Besides the cash injection, Aeon and Boxed will share knowledge and experiences on issues such as logistics, robotics and AI data, helping to…

aeon
General
1 min read

Aeon Stores Hong Kong posts loss in contrary with good sales

Aeon Stores Hong Kong has recorded record half-year revenue of HK$4.93 billion ($US628 million) in sales. The figure represents a year-on-year increase of 6.7 per cent. The group’s gross profit margin rose by 0.2 percentage points to 30.7 per cent during the…

MINISTOP Ibaraki Masago
General
1 min read

Profit dive leads Ministop to uncertainty

The future ownership of South Korea’s fourth-largest convenience store chain, MiniStop Korea, is uncertain with options under review. Parent Aeon Group of Japan is apparently tiring of falling profits from the chain and has appointed Nomura Securities to…