Jul 9, 2015

Aeon Co., Seven & I Holdings lead retail profit run

Among major retailers in Japan, Aeon Co. and Seven & I Holdings Co. have reported record group operating profits for March-May, the first quarter of their current business year. Aeon’s quarterly operating profit jumped 55.4 percent from a year before to ¥34.9 billion. The ...

Apr 10, 2015

Seven & I logs record-high annual profit; Aeon fares poorly

Major retailer Seven & I Holdings Co. posted a record-high group operating profit for the fourth straight year in the business year that ended in February, while Aeon Co. suffered an annual profit fall for three successive years, their earnings reports have shown. Seven ...

Jan 28, 2015

Sony teaming with Aeon for share of budget smartphone market

Sony Corp. and major retailer Aeon Co. are planning a foray into the market for lower-priced smartphones, according to sources. From this spring at the earliest, Sony intends to sell earlier models of its Xperia smartphones at Aeon outlets at about half the price ...

Jan 28, 2015

Aeon announces tie-up with major Vietnamese retailers

Retail giant Aeon Co. said it has formed a capital and business tie-up with two of Vietnam’s major retailers in a bid to expand its business in the country. The company said Tuesday it has decided to take a 30 percent stake in Fivimart ...

Dec 8, 2014

Aeon eyes frozen food production for France's Picard

Major retailer Aeon Co. might make products for French frozen food retailer Picard Surgeles SAS in Japan, according to sources close to the matter. Aeon is planning to hold talks with Picard about the possibility of producing its frozen food items in Japan, because ...

Shareholders OK Daiei's plan to become fully owned Aeon unit

Nov 26, 2014

Shareholders OK Daiei's plan to become fully owned Aeon unit

During an extraordinary meeting on Wednesday, shareholders of Daiei Inc. approved the struggling supermarket chain’s plan to become a wholly owned unit of major retailer Aeon Co. through equity swaps in January next year. Through the Aeon group’s realignment, the trade name of Daiei ...

Aeon says it will create Japan's biggest drugstore chain

Oct 22, 2014

Aeon says it will create Japan's biggest drugstore chain

Retail giant Aeon Co. announced plans Wednesday to integrate drugstore chain subsidiary CFS Corp. with Welcia Holdings Co. to create Japan’s largest drugstore operator in 2015. Aeon said it will acquire a controlling stake in Welcia through a tender offer. Welcia reached agreement with ...

Oct 7, 2014

Aeon to begin large-scale rice farming under government program

Aeon Co. will begin rice production in Saitama Prefecture in 2015 by utilizing a government-backed farmland-leasing program, becoming the first major retailer to do so, sources said Tuesday. The move could prompt other companies to make use of the program, under which small pieces ...

Jun 10, 2014

Aeon to launch premium care center for older dogs

The Aeon retail group plans to open a nursing facility for dogs this month at a shopping mall in the city of Chiba that will operate in conjunction with a 24-hour surgery clinic, gym and swimming pool for pets in the mall, the company ...