Japanese retail giant Aeon appoints first new president in 23 years
Japanese retail giant Aeon Co. has promoted Executive Vice President Akio Yoshida to president effective March 1, the first change in the post in 23 years. Yoshida, 59, will succeed Motoya Okada, 68, a member of the founding family of the retailer, who will become ...
Japan supermarkets woo customers with cheaper U.S. foods after trade deal
With the Japan-U.S. trade agreement going into force on Jan. 1, major Japanese supermarkets have started slashing prices on U.S. products affected by the tariff cuts in a bid to attract customers. Ito-Yokado Co. launched a six-day sale at some 130 outlets on Wednesday, lowering ...
Japan credit card firms may apply discounts to monthly payments to ease impact of tax hike
Major credit card companies are considering deducting points earned during purchases from the balance requiring payment, under a government rebate program intended to cushion the impact of the consumption tax hike planned for October, it was learned Tuesday. Observers have suggested such a move would ...
Japan grants certification for first time to 'information banks'
The Information Technology Federation of Japan has certified FeliCa Pocket Marketing Inc. and Sumitomo Mitsui Trust Bank as "information banks" to allow companies to use personal data for business purposes. The certification, announced Monday, is the first of its kind. It is based on a ...
Aeon plans to quadruple product sourcing from Vietnam by 2025
Retail giant Aeon Co. plans to purchase $1 billion worth of products from Vietnam in 2025, with the nation seen as having great potential as a supplier of quality food for Japanese consumers. The company will double the value of products it procures from Vietnam ...
Aeon rolls out real-time video interpreting service for non-Japanese customers in 10 languages
In light of an increasing number of foreign customers, supermarket giant Aeon Co. on Friday launched a real-time video interpreting service. Shop clerks at about 550 Aeon stores now carry smartphones or tablet devices that can access interpreters through video chat software to assist non-Japanese ...
Walmart may be on the cusp of making its final checkout from the Japanese retail market
With speculation rife that Walmart Inc. is seeking to offload Seiyu, its Japanese subsidiary, the U.S. retail behemoth's possible failure may be interpreted as the result of this country's ultracompetitive retail market. After all, other global supermarket operators, such as Britain's Tesco PLC and France's ...
SoftBank Group Corp., Aeon Co. and Yahoo Japan Corp. are considering launching a joint online shopping business to catch up to U.S. online retail giant Amazon.com Inc., a source close to the matter said Friday. The three companies are discussing a joint venture to sell ...
Retail giant Aeon evolves to engage Japan's aging customer base
The company has renovated 13 outlets across the country to cater to seniors, offering earlier opening hours and services that encourage asatomo (morning friends) get-togethers.
Retail giant Aeon to stop selling pornographic magazines at its 7,000 outlets in January
Major Japanese retail chain Aeon Co. will stop selling pornographic magazines at its 7,000 outlets across the country in January in response to complaints from customers about sexually explicit front covers on store shelves. Ministop Co., a convenience store chain under the umbrella of Aeon, ...
Shopping malls promising despite growing e-commerce in Jakarta
Despite the growing trend in online retailing, shopping malls remain a promising business in Jakarta, as few entertainment options are available for families vacationing in the Indonesian capital, according to a U.S.-based global real estate service company. Twelve shopping centers with a total floor space ...
Aeon to launch tourism venture aimed at helping Japan's quake-hit Tohoku region
In a bid to boost the Tohoku region's recovery from damage caused by the 2011 Great East Japan Earthquake and tsunami, retail giant Aeon Co. will launch a venture offering tourism and other activities in affected areas. The major supermarket and shopping mall chain has ...
