Retail News CRM

Tag: Aeon

  • Aeon Malaysia plans two new malls

    Aeon Malaysia plans two new malls

    Aeon Malaysia will build two new malls this year, at a cost of 450 million Ringgit (US$121 million).

    Aeon Malaysia currently has 23 malls across the country, 29 Aeon hypermarkets and four smaller stores branded MaxValu.

    The two new centres will be built in Klebang in Perak and in Shah Alam in Selangor, part of greater Kuala Lumpur.

    “This has always been part of our expansion plan here,” explained Aeon Malaysia MD Nur Qamarina Chew.

    “Malaysia has shown resilient growth despite the ongoing economic challenges.”

    The company targets middle- and upper-income segments of Malaysian consumers, including the expat community.

    In a separate move, Aeon Malaysia will undertake a rebranding of its portfolio as it positions itself as ‘the primary retail lifestyle hub’ in the country.

    A budget of 8 million Ringgit ($2.1 million) has been set aside to rebrand the shopping centres Aeon Mall and adopt the tagline “Do Mall”.

    The company says it will work to create new activities and events at its malls throughout the year to encourage the perception of lifestyle rather than just a destination to go shopping.

    “We celebrated our 30th anniversary in Malaysia last year and it is time to rebrand Aeon as a lifestyle destination rather than just a shopping centre as we begin our new decade here,” said Chew.

    “We also think the timing is idea with this rebranding exercise, given the ongoing economic challenges and the new GST, as we would like our customers to spend more time with us for leisure purposes and not just for shopping.”

    Lees ook:

  • Indonesia’s 1st Aeon Mall to open in May

    Indonesia’s 1st Aeon Mall to open in May

    Shopping mall developer Aeon Mall Indonesia and real-estate giant Sinar Mas Land, have joined forces to open Indonesia’s first Aeon Mall on May 30, a company executive revealed on Wednesday.

    The new joint entity behind the shopping center has been named Aeon Mall Sinarmas Land Indonesia, or AMSL

    The announcement confirms a report  detailing the endeavor in GlobeAsia last October, which also quoted Sinar Mas Land director Ishak Chandra in estimating that the project would cost between $150 million and $200 million.

    Located in BSD City, a Sinar Mas Land township in Tanggerang on the southern outskirts of Jakarta, the mall will house 280 stores — 47 of which are part of popular Japanese franchises.

    Nearly half of these brands are completely new to Indonesia, AMSL operations manager Adrian Pranata said.

    Ryuma Okazaki, president director of both AMSL Indonesia and Aeon Mall Indonesia, said the joint venture is expected to attract 12 million visitors a year.

    Its main target market is middle to high-income consumers living in BSD City, Tanggerang, West Jakarta and North Jakarta, he added.

    Land and construction costs of the 100,000-square meter mall ultimately reached $160 million.

    Aeon Mall Indonesia is a local arm of Japan-based shopping mall developer and operator Aeon, while Sinar Mas Land is the property holding company of giant conglomerate Sinar Mas Group, which owns a diversified businesses across the country. Aeon Mall Indonesia contributed 67 percent of the shopping center’s investment.

    Okazaki also confirmed Aeon’s plan to open 20 new malls in Indonesia, mainly in West Java and the Greater Jakarta area — which includes Bogor, Tanggerang, Bekasi and Depok — to tap into Indonesia’s rapidly growing middle class.

    The Japanese company had set a five- to eight-year investment plan worth 80 billion yen ($667.57 million) in 2013.

    Okazaki added that the investment costs may have surged by now, due to inflation, foreign exchange fluctuations and higher construction costs.

    Adrian of AMSL said Indonesia’s second Aeon mall will likely be located in Jakarta Garden City, a township in East Jakarta developed by Sinar Mas land rival Modernland Realty.

    Construction is scheduled to commence in May, he added.

    Lees ook:

    Lees ook:

    Lees ook:

    Lees ook:

    Lees ook:

    Lees ook:

  • Aeon plans big expansion of MaxValu supermarkets in Thailand

    Aeon plans big expansion of MaxValu supermarkets in Thailand

    Aeon (Thailand) Co, the operator of MaxValu supermarkets, has announced plans to speed up expansion in Thailand by increasing its number of stores to 500 by 2020.

    The company, which now operates 76 outlets in supermarket and mini-supermarket formats, is expected to open 15 more outlets this year.

    General manager Keiji Ono said Aeon would spend THB300-400 million (USD9.2m-USD12.3m) to add new stores and modernise some outlets.

    Lees ook:

    Lees ook:

  • Aeon nears Indonesian debut

    Aeon nears Indonesian debut

    Japan’s Aeon is completing construction of its first shopping mall in Indonesia.

    Its Indonesia debut follows success in Malaysia and Thailand where it is building strong networks of hypermarkets, supermarkets and mini-markets, and a more recent foray into Vietnam where it has two shopping centres already trading in the south and a third under construction in Hanoi.

    Aeon Mall Sinarmas Land Indonesia, its local arm, is building Aeon Mall Bumi Serpong Damai (BSD) City which will have more than 100,000 sqm of leased area and be one of the largest shopping malls in the city when complete.

    The suburban mall will have have an Aeon general merchandising store as its anchor, and lease space to a broad range of international and local brands, in similar format to its Vietnamese centres.

    It will also feature a food court, cinemas, and an amusement arcade.

    The mall will comprise four stories along with multi-level parking for more than 5000 vehicles.

    This week Aeon contracted NEC Indonesia to provide cashless payment systems for the food court in what will be the first electronic card payment project for NEC in Indonesia.

    The cashless payment system consisting of NEC retail terminals and software will enable cashless transactions for both food court customers and stallholders. Payments for food and beverage will be made via an electronic card, which can be topped up at a central cashier or kiosk.

    Lees ook:

  • Aeon teams with two Vietnamese major retailers, to have 200 stores across the country

    Aeon teams with two Vietnamese major retailers, to have 200 stores across the country

    Japanese retail giant Aeon Co. said on Tuesday that it has reached an agreement on a business tie-up with two of Vietnam’s major retailers Fivimart Co. and Citimart Co. in a bid to develop supermarket business in Vietnam.

    Fivimart Co. is the largest supermarket company in Hanoi, operating 20 stores in the capital city. Citimart Co. is the largest supermarket operator in southern Vietnam, operating 27 stores mainly in Ho Chi Minh City, the largest city in the region.

    Aeon Co. has been promoting a “Shift to Asian Markets” strategy, working together with the group companies in China and countries of the ASEAN region. It’s one of the group’s strategies under its medium-term management plan.

    In Vietnam, the company launched Aeon Financial Service Co. in 2008 which made it the first Japanese company to engage in instalment sales in the country. Two years later, Ministop launched its CVS convenience store business in 2011. In January 2014, Aeon opened its first shopping mall in Vietnam, Aeon Mall Tan Phu Celadon, in Ho Chi Minh City, becoming one of the country’s largest shopping mall. This was followed by the second mall, the Aeon Mall Binh Duong Canary, opened in Binh Duong province in November 2014. With the plan to open its third mall in Hanoi this year and other proactive initiatives ahead, Aeon continue to broaden its business in the country.

    “Toward the launch of the ASEAN Economic Community planned at the end of 2015, the ASEAN countries began integrating and further economic growth is expected in the area. Vietnam, in particular is making prominent growth in its market, backed by a population in excess of 90 million and a high economic growth rate that has contributed to an expanding middle class,” the company said in a statement on Tuesday.

    “In order to achieve rapid growth in Vietnamese market as such, we believe the partnerships with Fivimart Co. and Citimart Co.; the companies with strong business foundations in two of the largest cities in north and south of the country as well as knowledge about the varying regionally oriented customer needs, are of great significance,” it added.

    Aeon sees Vietnam as its second most important market in Southeast Asia after Malaysia and plans to have 200 stores across the country eventually and to grow sales to JPY100 billion (USD848 million), according to The Japan Times Online.

    Lees ook:

    Lees ook:

    Lees ook:

  • Aeon plans 500 Thai stores

    Aeon plans 500 Thai stores

    Japanese retailer Aeon is planning to increase its supermarket network in Thailand to 500 outlets by 2020.

    But this year it has scaled back its expansion plans due to what it considers to be a subdued retail market.

    Aeon currently has 76 supermarkets in Thailand most trading under the MaxValu brand, shops which are larger than convenience stores but smaller than full scale supermarkets. Many trade 24 hours.

    The company had planned to open 30 new stores this year but now says it will open just 15 new ones. Next year will see 40 new stores, and then 100 each year through to 2020. About 80 per cent will be MaxValu stores, the rest full sized supermarkets.

    GM Keiji Ono told the Bangkok Post that Aeon would invest up to 400 million baht (US$12.3 million) on upgrading existing stores and opening new ones.

    “We will penetrate the market in provinces in the Northeast such as Ubon Ratchathani and Udon Thani in order to exploit the expected economic boom from the coming regional pact of the Asean Economic Community,” he said.

    New MaxValu stores will soon open in Laem Chabang and Pattaya.

    Lees ook: