Tag Archives for " Aeon "

Oct 07

GMS crisis deepens: top chains announce store closures

It is no secret that the general merchandise store (GMS) sector is past its prime, but recent results suggest the crisis is only getting worse. Last month two of the largest chains announced store closures, following on from similar announcements from Seiyu. Aeon too is looking to restructure its operations. Is there any chance the […]

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Jul 14

FOCUS: Retail Industry Performance FY2014: solid results for many as distribution evolution continues

Retail results for FY2014 show just how well corporate retailing weathered the impact of the consumption tax increase in April 2014. Market share for the largest companies continues to grow, as does the percentage of sales taken up by private brands, but dynamism is also reflected in the emergence of new success stories. These are […]

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Jul 14

G-Foot overtakes Chiyoda, targets ABC Mart

Aeon owns G-Foot, the third largest footwear retailer, and wants it to be number two. It is likely to achieve that ambition this year. It is opening stores faster than Chiyoda, helped along by its plethora of locations in group-owned shopping malls and GMS chain. ABC Mart is not standing still, however, and continues to […]

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May 15

80% of retailers expecting increased profits in FY2015

While FY2014 was a complicated year for many retailers, the majority of publicly traded firms are optimistic about the next 12 months. Most leading retailers are expecting to report improved profits. Such confident forecasts reflect the fact that sales at the best retailers remain strong despite issues with the consumer economy as a whole, and […]

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May 15

Aeon taking axe to private brands

For some analysts Aeon Group’s enduring inability to turn its huge scale into profits is unforgiveable. The sense that it has hit make or break with its GMS chain was confirmed last month with news of far reaching strategic changes, some of which represent a reversal of 10 years of policy. While some of the […]

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Apr 15

Itochu to buld new food empire by merging Familymart with Uny

As predicted for some time, Itochu has brokered merger talks between Familymart and Circle K Sunkus (CKS). As if the possibility of a merger between the number three and number four convenience stores wasn’t tantalising enough, Familymart may go all the way and merge with Uny, CKS’s parent company. Negotiations are ongoing, but failing a […]

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Mar 15

Aeon: where’s the profit?

As Japanese retailers gear up to announce end of year results, few analysts are expecting good news from the biggest retailer, Aeon. The group has managed to move forward in terms of sales growth, but profits were well down in the first three quarters and it continues to struggle with its overall strategy. Senior management […]

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Mar 15

Another great year for SC expansion

Despite tight labour markets in construction and retail which led Aeon and others to halve the number of planned SCs this year, 2015 looks like being another strong year for new shopping malls, both in suburban and city centre locations, with Nagoya a particular focus for investment. 2015 looks set to be another strong year […]

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Jan 15

Aeon expands specialty formats

Aeon continues to abide by the ‘keep it in-house’ rule, designing a myriad of small formats meant as tenants for its own stores and mall properties. Now several of these smaller chains will be spun off as new subsidiaries, with expansion to locations outside the direct control of Aeon Group. Aeon will expand its non-food […]

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Dec 15

Leading shopping centre sales rise 4.2%

Shopping centres had a great year in FY2013 thanks to higher spending on fashions, food and lifestyle goods. The top selling SCs fared much better than the sector as a whole. The increase in spending before the tax hike on non-essential high ticket items such as fashion and the sharp rise in tourism helped lift […]

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Nov 15

Aeon’s drugstore revolution continues

Aeon has begun full absorption of its Welcia Holdings affiliate, the start of plans to shake up drugstore retailing, with Welcia and three other major drugstore chains merged by the middle of 2015. This will create the largest single chain in the country, overtaking Matsumotokiyoshi, and put Aeon in a position to make even further […]

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Nov 15

USM Holdings: Aeon’s new base for a national supermarket chain

Aeon has taken the next step towards its goal of consolidating the supermarket sector, beginning with the key market of Kanto. The retailer is tying with Marubeni to establish USM Holdings in March 2015, which in turn will take over ownership of Maruetsu, Kasumi and Maxvalu Kanto, all major Kanto supermarket chains. Together the operation […]

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Oct 15

RIP: Aeon to delete Daiei

Aeon will shortly make Daiei a wholly owned subsidiary and delist the company’s stock. This means that what was once Japan’s biggest retailer by far has finally suffered the fate of similarly indebted retailers over the past 20 years – one that it had previously avoided thanks to government support and funding. The simultaneous confirmation that […]

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Oct 15

Aeon’s station mall model to launch in Okayama

Aeon’s SC expansion has been unprecedented in the last 10 years, so much so that new SCs pass in a blur. Aeon makes many claims for new malls, with each one presented as a the latest, mould-breaking new model, but in December Aeon will genuinely open one of the most important SCs in years in […]

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Sep 15

Aeon to setup SC-based nurseries in 46 prefectures

Aeon is planning to open childcare facilities in each of its 140 SCs across the country, with a target of at least one in each prefecture by 2018. A key aim is to provide extended hour services for its own employees in a bid to help expand the number of female managers, but it will […]

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Sep 15

GMS apparel sales shrink further but signs of revival

GMS share of the apparel market shrank last year, with sales down yet again. There is some glimmer of hope as the top chains expand private brand ranges, design better apparel floors, and in many cases, hand over space to specialty tenants, with some even making a profit. General Merchandise Store (GMS) chains continue to […]

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Jul 15

FOCUS: Sales peak or new beginning? Retail results FY2013

FY2013 retail results were heavily influenced by both renewed consumer confidence and increased spending spurred by the pending tax increase, but they also represent a new benchmark for the industry. Whereas a decade ago, the high performing retailers stood out as the exceptions, last year the opposite was true, with just a small number of […]

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Jul 15

Aeon to make Daiei a supermarket, may scrap Daiei brand

Aeon has announced plans to turn Daiei into a supermarket chain, handing over the recently acquired chain’s regional GMS outlets to other Aeon businesses. With every expectation that Aeon will turn Daiei into a majority owned subsidiary in the next 12 months, the chain’s new major shareholder is keen to reposition Daiei and make it […]

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Jun 15

Aeon: switching to city centres

Shopping centres are at the heart of Aeon’s business. By late 2016, Aeon will have completed a series of large scale malls stretching across the country, including improved entertainment features, better location targeting, and improved integration with other retail banners in the group. The only problem is that 70% of Aeon’s existing malls are in […]

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Jun 15

Aeon to consolidate supermarket interests, create new Kanto chain

Having announced a consolidation of drugstore interests back in March, in May Aeon said it plans to establish a new operating company for three of its main supermarket interests in Tokyo, with other Kanto companies joining in later phases. While long expected, the news brought a flurry of speculation as to future moves. An openly […]

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