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Tag: Aeon

  • Aeon Stores Hong Kong posts loss in contrary with good sales

    Aeon Stores Hong Kong posts loss in contrary with good sales

    Aeon Stores Hong Kong has recorded record half-year revenue of HK$4.93 billion ($US628 million) in sales.

    The figure represents a year-on-year increase of 6.7 per cent. The group’s gross profit margin rose by 0.2 percentage points to 30.7 per cent during the period.

    In its report for the June 30 half year, Aeon Stores Hong Kong said the development of new retail store types and O2O e-commerce has intensified competition in the retail market and presented challenges to the group. However, the diversification and personalisation of consumers’ lifestyles has afforded many opportunities.

    During the period, the group continued to actively carry out internal restructuring and cost control, focusing on improving customer experience and operational standards, while at the same time accelerating digital marketing activities to cement its foundation for supporting future growth.

    To address the intensifying competition in the market, Aeon launched a new customer relationship management system last year, introducing big data analysis to strengthen its sales and marketing platform.

    Aeon’s operations in Mainland China reported a loss of HK$13.7 million during the period due to costs associated with cultivating newly-opened stores and the closure of others.

    The expenses contributed to an overall loss attributable to owners of the company of HK$50.48 million ($6.43 million).

    Aeon currently operates 32 stores in southern China.

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  • Profit dive leads Ministop to uncertainty

    Profit dive leads Ministop to uncertainty

    The future ownership of South Korea’s fourth-largest convenience store chain, MiniStop Korea, is uncertain with options under review.

    Parent Aeon Group of Japan is apparently tiring of falling profits from the chain and has appointed Nomura Securities to explore sale options, including a clean sale of its stake or attracting a strategic investor.

    With more than 2500 stores spread across South Korea, MiniStop’s sales reached 1.18 trillion won (US$1 billion) last year.

    In a statement issued this week, Aeon said: “Even though we are considering business tie-ups with other companies to improve corporate value, there are no concrete plans on selling off MiniStop Korea yet.”

    Aeon currently owns 76.06 per cent of MiniStop Korea with local Daesang Group holding 20 per cent and Japan’s Mitsubishi the remaining 3.94 per cent.

    Intense local competition is behind the decline in MiniStop Korea’s profitability, according to local industry sources. Profit plunged 23 per cent last year to 2.6 billion won (US$2.3 million). In 2015 the company achieved an operating profit of 13.2 billion won.

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  • AEON receives the Best Design Excellence Award at Money Expo 2018

    AEON receives the Best Design Excellence Award at Money Expo 2018

    Mr. Praphan Rangsiyopas (left), Executive Vice President of Marketing, AEON Thana Sinsap (Thailand) Public Company Limited celebrate on winning “The Best Design Excellence Award” on size 850 – 1,000 sq.m. in Money Expo Booth Design Awards 2018. The prestigious award was given to financial institutions and organizations participating in the 18th Money Expo 2018, ceremony will be presided over by Dr. Somkid Jatusripitak, Deputy Prime Minister (right) at The Athenee Hotel Bangkok.

    AEON booth was designed under the concept “AEON TO THE INFINITE WEALTH… Growth through Financial Technology” that demonstrates the continuous development of AEON through the outstanding structure and patterns. The continuous lines represent the growth of a large tree with a stable foundation, as well as soft curved lines that signify the infinity symbol of never-ending prosperity and wealth.

     

  • AEON and Thai Airways brings you to experience “Wonderful Autumn in Japan”

    AEON and Thai Airways brings you to experience “Wonderful Autumn in Japan”

    AEON Thana Sinsap (Thailand) Public Company Limited together with Thai Airways International Public Company Limited launched the “Wonderful Autumn in Japan” campaign to offer privileges for AEON Royal Orchid Plus World Mastercard and AEON Royal Orchid Plus Platinum cardholders, 10 prizes of Japan tour package with 2 seats of Thai Airways tickets worth over 2 million Baht. Get a chance to experience a miracle nature of colorful Fall and Autumn in Japan when spending every 1,000 Baht with AEON credit card and receive 10 chances for every 1,000 points redeemed into mileage points, or by spending 1,000 Baht per sales slip at Thai Airways Sales Office

    Additional special promotion for AEON credit card top spenders at Thai Airways Sales Office or online will get a chance to win a premium Japan tour package, 2 business class tickets from Thai Airways. This promo will be active until 31 August 2018.

  • Aeon Wallet to be launched in August

    Aeon Wallet to be launched in August

    Aeon Credit Service (M) Bhd is targeting to launch its cashless payment service Aeon Wallet in August, which will become another core business segment for the group.

    Aeon Credit, a subsidiary of Aeon Financial Service Co Ltd Japan, is principally engaged in consumer finance operations through provision of easy payment and hire purchase schemes for purchase of consumer durables and motor vehicles, personal financing schemes and issuance of credit cards.

    Aeon Credit will be launching two new products in the current financial year ending Feb 28, 2019 (FY19), in line with the company’s digital initiatives, namely the Aeon Wallet and Aeon Member Plus Card that will provide customers with payment, privileges and benefit to complement the evolving customer lifestyle, attracting customers from all segments to go cashless.

    Chief financial officer (CFO) Lee Kit Seong said the e-wallet will be another payment settlement tool for consumers in the market as it looks to first tap into its 6 million member base in the group and to have 1 million users for the e-wallet in a year.

    “We’re also introducing the Aeon Member Plus Card to consolidate the loyalty programme of the Aeon group of companies in Malaysia. The e-wallet is one of the settlements like Touch ‘n Go, Alipay, and WeChat Pay. Our e-money will ultimately become mobile payment and Aeon Pay (a settlement medium like iPay88),” Lee said.

    “After we expand internally, we will go externally. From e-money, we’re going to put it into a mobile wallet. We want to integrate the Aeon companies (such as Aeon, Aeon Big, Aeon Credit) in Malaysia to have one member (system). Once comfortable, we will go to the region,” added Lee.

    Aeon Credit has doubled its capital expenditure (capex) to RM120 million for FY19, from RM60 million in FY18, to invest in its operations and business expansion. The capex will be utilised for its branch transformation and digital marketing initiatives, the upgrading of its system infrastructure and for the introduction of its e-money business.

    Lee expects the company to maintain its momentum for FY19, with strong domestic demand being the key driver for growth, along with its transformation business model and continuous improvement in asset quality under the new MFRS9 environment.

    Meanwhile, chairman Ng Eng Kiat has maintained that “it is not wrong” in relation to the additional assessments and penalties by the Inland Revenue Board totaling RM96.82 million.

    “It’s an issue not just in relation to having to pay the tax. We’re taking the grounds that we’re not liable for those tax. We’re now appealing to the Special Commissioners of Income Tax,” said Ng, adding that it is also in consultation with tax agents, auditors and solicitors.

    He said although IRB has raised an assessment and failure to pay by a certain time will result in penalties, winding up of the company or action against the board of directors, it has applied to the Court of Appeal against the High Court’s May decision to get a stay. The hearing has been deferred to July.

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  • AEON teams up with Big C to launch “More Delightful Every Day” campaign

    AEON teams up with Big C to launch “More Delightful Every Day” campaign

    Mr.Nuntawat Chotvijit (left), Director of AEON Thana Sinsap (Thailand) Public Company Limited together with Dr. Piyawan Piyapong (right), Senior Vice President New Service Development of Big C Supercenter Public Company Limited launched the “More Delightful Every Day” campaign for the Big C Platinum PayWave Credit Card. The card offers more happiness and benefits for cardholders with a 5% instant discount on every purchase at Big C, up to a maximum of 1,500 baht discount per month, per card when purchasing selected items, including electric appliances paid in full, at Big C Supercenter, Big C Extra, Big C Market, Mini Big C, and Big C Online Shopping from 1st June – 31st December 2018.

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  • The Outlets Hiroshima opens with great success

    The Outlets Hiroshima opens with great success

    The ribbons have been cut for the official opening of The Outlets Hiroshima, a shopping, dining and entertainment destination.

    Launching with 100 per cent occupancy, The Outlets Hiroshima offers savings of 35 to 70 per cent on luxury and fashion brands such as Armani, Bally, Coach, Ermenegildo Zegna, Kate Spade and Salvatore Ferragamo; sports brands including Adidas, Champion, New Balance, Nike, Puma and Under Armour; and Japanese brands such as Beams, United Arrows and Urban Research.

    With the open-air environment of traditional shopping villages, the shopping centre’s 125 outlet stores are set amid landscaped courtyards, water features and outdoor seating. Setting The Outlets Hiroshima apart from Japan’s typical outlet malls is an extra 25,000sqm of dining, entertainment and retail. As well as 22 restaurants and cafes offering both international and Japanese food, a 1000-seat food court offers 12 cuisines.

    Leisure activities and amusements include a cinema, ice-skating rink, bowling alley, VR centre and video arcade. There are also 85 specialty stores selling Hiroshima souvenirs, as well as an upscale supermarket offering fresh fruit, vegetables, pastries and local products.

    Developer Aeon Mall Co has seamlessly integrated outlet shopping, dining, leisure, entertainment and local culture in its collaboration with The Outlet! Company. The Outlets Hiroshima is collaborating with travel agencies to offer packaged group tours, and also provides special promotions and privileges for foreign tourists. The project is about 30 minutes’ drive from downtown Hiroshima.

    Pictures from the grand opening can be viewed in the gallery below :

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  • Aeon Malaysia share price jumps 6.52% on higher Q1 earnings

    Aeon Malaysia share price jumps 6.52% on higher Q1 earnings

    Aeon Co (M) Bhd rose as much as 6.52% in early trade to RM2.45 after reporting a 6.63% jump in net profit for the first quarter ended March 31, 2018.

    At 11.23am, the stock was trading at RM2.42 with 941,700 shares done.

    Aeon’s net profit for the first quarter stood at RM27.94 million compared with RM26.20 million recorded a year ago.

    Revenue for the period grew to RM1.11 billion from RM1.07 billion on the back of higher revenue from its retail and property management service businesses.

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  • Aeon adopts wait-and-see approach over GST

    Aeon adopts wait-and-see approach over GST

    Japanese retailer AEON Co (M) Bhd is adopting a wait-and-see approach when it comes to the upcoming abolishment of the Goods and Services Tax (GST) on June 1.

    Executive director Poh Ying Loo said Aeon was still seeking greater clarity from the Pakatan Harapan government.

    “The GST question was something that was also posed by shareholders earlier and our stand right now is that it is too early to decide right now,” Poh said at a press briefing after the group’s 33rd annual general meeting here today.

    “We understand that other policies and tax regime such as the Sales and Services Tax (SST) will be reintroduced. We can’t really comment on whether of not our pricing would be cheaper until those things are made more clear,” he added.

    The group has allocated between RM300 million and RM500 million in capital expenditures (capex) this year.

    According to Poh, this was slightly lower than last year’s capex of some RM500 million.

    “The capex is inclusive of our newest mall in Kuching, Sarawak which we have already opened in April this year,” said Poh.

    With three levels of retail floors and four levels of car park, the Kuching mall is AEON’s debut presence in East Malaysia.

    The remaining capex will be for the expansion of Taman Maluri Shopping Centre and the refurbishment of Tebrau City, Bandar Utama and Bandar Sunway.

    As of the end of 2017, AEON has 26 malls across the country.

    A big part of AEON’s drive this year is to further strengthen its omni-channel strategy that will leverage onto its physical stores for offline experiences, logistics and convenience.

    “We had partnered with online concierge and delivery service Honestbee in January, and the response has been encouraging. We expect this business will grow with time,” said managing director Shinobu Washizawa.

    The firm is also set to roll out a “groceries drive-thru” service in Bukit Indah, Johor whereby customers can order groceries online from Aeon and pick them up themselves through a drive-thru window, starting next month.

    Aeon posted a net profit of RM105 million on the back of RM4 billion revenue for the year ended 31 December 2017.

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  • AEON and Thai Airways launches “AEON Royal Orchid Plus World Mastercard”

    AEON and Thai Airways launches “AEON Royal Orchid Plus World Mastercard”

    AEON, in cooperation with Thai Airways, launches “AEON Royal Orchid Plus World Mastercard” with the concept of ‘Enjoy the World of Travelling Freedom’, offering the ultimate in travel experiences and superior customer benefits for both business people and jetsetters. It’s estimated there will be more than 5,000 new AEON cardholders this year.

    Mr. Kiyoyasu Asanuma, Managing Director of AEON Thana Sinsap (Thailand) Public Company Limited said: “AEON has always developed products and offered privilege benefits that focus on customer satisfaction and expand on our premium customer base. By focusing on our customers with a proactive strategy that benefits activities, such as spending and travelling, we can offer our premium customers experiences that truly benefit their lives.

    Taking a step further in AEON’s expansion into the premium market is its cooperation with leading partners, THAI Airways and Mastercard. “AEON Royal Orchid Plus World Mastercard” under the concept ‘limitless travel opportunities’, is part of a new generation of credit cards that double as a personal assistant in creating a trip. It aims to fulfill the needs of target groups with an income of 70,000 baht per month or above, providing value and benefits that compliment their premium lifestyles.

    AEON Royal Orchid Plus World Mastercard enables cardholders to travel around the world with exclusive privileges. For every 15 baht spent in foreign currency they’ll earn 1 AEON Royal Orchid Plus Reward Point. When spending in foreign currency, premium customers are eligible to earn cash-back of up to 36,000 baht per year on global spending. Moreover, when purchasing a second Thai Airways Business Class ticket, they’ll be eligible for 50 percent cash-back as well as access to the Royal Orchid Lounge at Suvarnabhumi Airport and a Lounge Key to 850 leading airports around the world.

    Additionally, customers can enjoy exclusive privileges with AEON Personal Assistant, a 24-hour worldwide concierge that will ensure that all requirements of cardholders are provided professionally and personally, anywhere, anytime. Furthermore, this also includes travel accident insurance coverage of up to 31 million baht, as well as compensation for any lost wallet and the items inside; or any damage incurred from online shopping through the Wallet Protection Insurance and Mastercard E-Commerce Protection plan.

    In celebration of the AEON Royal Orchid Plus World Mastercard launch, customers spending with the AEON Royal Orchid Plus World Mastercard within 30 days of activating the card will receive 2,000 bonus miles from Thai Airways. Additionally, customers can earn 15,000 miles or receive up to 50 percent discount when purchasing an iPhone X (256 GB) if they spend with AEON Royal Orchid Plus World Mastercard within 60 days of activation under company terms and condition. This offer is valid from today until 31 July, 2018.

     

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  • AEON Shares Double Happiness at 18th Money Expo Bangkok

    AEON Shares Double Happiness at 18th Money Expo Bangkok

    AEON Thana Sinsap (Thailand) Public Company Limited is preparing to offer a variety of promotions at the 18th Money Expo Bangkok. AEON will be on hand to provide products and information on a variety of financial services, including Personal Loans; Your Cash; AEON Auto Loan; Cash Advance, AEON member applications and the special promotion with Honda motorcycle installment plans, with 0.89% interest rate for 48 months or a gold installment loan with 0% interest rate for 6 months. In addition, AEON shares double happiness to customers who spend according to the conditions. 1st Happiness is a chance for instant win, round trip Thai Airways ticket from Bangkok to Japan for 2 persons or a 1 Baht/15.16 grams gold necklace valued 20,020 THB, 2nd Happiness is Big C gift vouchers, Harry Handed doll pillow, Valentino Rudy summer bags and much more.

    There will also be performances from famous singers on all three days, led by Khun Tom Room 39,Khun Ice Saranyu and Khun Kong Saharat joining the promotion-packed at 18th Money Expo Bangkok from May 10-13 at Impact Muang Thong Thani, 2-3 Challenger Hall.

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  • AEON Free New Kawaii LINE Sticker “Kanekko Cat” is Available Now

    AEON Free New Kawaii LINE Sticker “Kanekko Cat” is Available Now

    AEON Thana Sinsap (Thailand) Public Company Limited launched the sixth version of its LINE sticker set, “AE Chan, ON Kun & Kanekko” which introduces new kawaii character, “Kanekko”, a Japanese cat with colorful kimono who represents warmth and friendship towards AEON members. The new LINE sticker’s 3D animations will make every chat more fun. The stickers have a 90 days validity and can be downloaded for free from now until 30 May 2018.

    Becomes friends with AEON LINE Official for more information on promotions and activities by searching (“AE Chan, ON Kun & Kanekko”)

  • AEON awards the 25th Anniversary from campaign “25th year AEON Anniversary Cerebration”

    AEON awards the 25th Anniversary from campaign “25th year AEON Anniversary Cerebration”

    Mr. Kiyoyasu Asanuma (7th from right), Managing Director, together with Ms. Suporn Wattanavekin (9th from left) and Mr. Nuntawat Chotvijit (6th from right), Director and Management of AEON Thana Sinsap (Thailand) Public Company Limited awarded the grand prize to the key customer of “25th year AEON Anniversary Cerebration with 25 Cars and Other Prizes Worth Over 19 Million Baht” campaign with the first prize is 25 Toyota Yaris Ativ 1.2S cars, the second prize is 25 iPhoneX 256 GB and the third prize is 200 gold necklaces weight 50 Satang or 7.58 Grams. The 250 prizes, a total worth over 19 Million Baht at Queen Sirikit National Convention Center.

    Furthermore, AEON also surprised a special prize of gold bar weight 2 Baht or 30.48 Grams to the 25 customers who using along with AEON services for 25 years, worth 1.1 Million Baht.

    “AEON Celebrate its 25th Anniversary with 25 Cars” campaign was held to celebrate AEON’s 25th Anniversary, giving AEON customers who spend the required amount under conditions. Apply and using AEON services for the first time as well as download and registration “AEON THAI MOBILE” application

  • AEON together with Robinson make this summer cool ! The “Robinson Summer Holiday” campaign

    AEON together with Robinson make this summer cool ! The “Robinson Summer Holiday” campaign

    Mr. Praphan Rangsiyopas (2nd from left), Executive Vice President of AEON Thana Sinsap (Thailand) Public Co., Ltd. together with Mr. Anawat Sangkhasap (Left), Senior Vice President – Customer Strategy, Robinson Public Co., Ltd. welcome summer by launched a special promotion campaign “ROBINSON SUMMER HOLIDAY”. Exclusive for AEON credit cardholders, get up to 8,000 Baht cash back when spend through AEON credit cards at Robinson department store, and get 10 exclusive chances to win 1 Baht gold necklace 45 prizes, with a total value of 1 million Baht. The campaign start from now on until 23rd May, 2018 at 46 Robinson department store locations across the country.

  • AEON and Bangkok Bank jointly offer gold and iPhone 8 to lucky customers

    AEON and Bangkok Bank jointly offer gold and iPhone 8 to lucky customers

    Mr. Nuntawat Chotvijit (Right), Marketing Director of AEON Thana Sinsap (Thailand) Public Company Limited, together with Ms. Prassanee Ouiyamaphan (2nd from Right), Executive Vice President of Bangkok Bank announced a campaign “Get Prizes with AEON Your Cash”. Get a chance to win, worth a total of 745,000 Baht, include a gold bar worth 400,000 Baht and 10 prizes of iPhone 8 256GBs. AEON Your Cash cardholders are eligible to participate in the campaign by making cash withdrawals at least 1,000 Baht per sales slip at Bualuang ATMs Bangkok Bank during 1 April – 31 May 2018.