Is it becoming more difficult to be a retailer in China? Aeon's latest financial report shows a profit drop attributed to higher costs in opening new stores.
Japanese retailer Aeon announced its financial report for 2014, stating that the company's Chinese business gained profit of HKD7.1 million during the reporting period.
Japanese retailer Aeon is selling its warehouse property in Hong Kong.
Japanese retailer Aeon recently opened its largest Chinese shopping mall in Suzhou, marking the company's entry into the Shanghai-centered East China region.
Japanese retail group Aeon announced that Zhu Jing, managing director of Aeon, has been officially appointed president of Aeon China Company Limited.
Japanese supermarket giant Aeon and Japan's leading food wholesaler Mitsubishi Shokuhin will team to operate food-oriented supermarkets in China.
Japanese retail group Aeon will launch three new shopping centers in Wuhan, Hubei province, over the next few years.
Chinese supermarket operator Lianhua has formed a partnership with Japan's Growell Group and Shanghai-based Meiribuy to create a three-way cosmeceutical joint venture.
Aeon Stores (Hong Kong) Company Limited has announced that Aeon MaxValue Prime, its first premium supermarket in Hong Kong, has opened.
APiTA, one of the top four Japanese department store giants, will officially enter the Chinese mainland market, following the establishment of its first overseas branch in Hong Kong in 2007.