Tag Archives for " GMS/Supermarkets "

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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May 15

2014 Calendar Year Results: Leading chains make progress in difficult year

Calendar year results for the three big format sectors, department stores, GMS and supermarket chains, and convenience stores, provide a quick hint of what to expect from results at the end of the financial year. Although 2014 was a difficult year given the increase in prices from tax hikes and higher cost imports, on the […]

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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

Seven & I ties with Jean Paul Gaultier

Seven & I has been busy recently. As well as launching a new home fashion chain (see page 7) and making Barney’s Japan a full subsidiary, it has found time to negotiate a deal with Jean Paul Gaultier for a new apparel line to be sold through both Sogo Seibu and Ito-Yokado. After so many […]

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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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