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Tag: Aeon

  • Aeon Myanmar launched with acquisition

    Aeon Myanmar launched with acquisition

    Japanese grocery and mall giant Aeon is expanding its Asian footprint yet further, acquiring a 14-store supermarket chain in Myanmar.

    The Aeon Myanmar operation will be run by a new company, Aeon Orange, which has acquired the supermarket chain from Hypermarket Asia, one of the affiliate companies of Creation Myanmar Group.

    At the same time, the newly established company is preparing to open its first supermarket in Myanmar before year end.

    Aeon says that the economic liberalisation after transition to a civilian government, has seen

    Myanmar’s retail industry modernise, and the ranks of the nation’s middle class are growing.

    “With the population of 53 million people, the real economic growth rate in the country is 8.3 per cent – dramatic growth exceeding the average rate among five developed nations in ASEAN countries,” Aeon said in a statement.

    CMG’s 14 supermarkets are mainly in Yangon, Myanmar’s largest city, and it also holds more than 20 overseas brand sales licenses including Adidas and Mango operating some 130 stores.

    The launch of the Aeon Myanmar business follows successful forays into China, Thailand, Vietnam and Cambodia as the Japanese retailer looks for growth internationally to offset declining sales in its home market which is suffering from a falling population.

    “In order to develop business in a speedy manner in this fast growing Myanmar market, Aeon believes that cooperation with CMG is indispensable, as it has the retail business infrastructure in the country and is also familiar with the customer needs which differ from region to region,” the company said.

    Aeon will learn the customer needs in the region and the know-how of community-based

    product procurement, while offering Aeon’s private brand “Topvalu,” the global sourcing

    through utilising the group’s comprehensive multinational strength and quality control to assure “safety and security,” and bring logistics, IT, and human resource development to CMG.

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  • Thailand’s Central declares $89.6 mln tax on Big C Vietnam deal

    Thailand’s Central declares $89.6 mln tax on Big C Vietnam deal

    Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported.

    Big C Vietnam, which declared the tax on behalf of its new owner, has paid VND380 billion ($17.03 million) of the amount, Tuoi Tre newspaper said on Monday, citing an unnamed source from the Ministry of Finance. The rest is expected to be collected later.

    The source did not comment on why the sum was much lower than the official estimate of VND3.6 trillion ($159 million) by the ministry’s General Department of Taxation.

    In June the department sent letters to Central Group and France’s Casino Group, the chain’s former owner, demanding them to pay tax on the $1.04 billion deal and threatening to block the ownership transfer.

    It reportedly said in the letters that the companies were far behind their tax obligation. According to the department, Vietnam’s laws stipulate that businesses have 10 days to pay taxes on the sale of their holdings after their negotiation is completed. The Big C deal was made public on April 29.

    At the end of last month, the tax authority reminded the companies of the tax again, saying they will be fined 0.05-0.07 percent per day for late payment.

    Big C is the largest foreign-owned retail chain in Vietnam with 33 supermarkets and 11 convenience stores. Many big players such as Vietnam’s largest retailer Co.op Mart, Japan’s Aeon, Thailand’s TCC and South Korea’s Lotte were interested when Casino announced its sale plan at the end of last year.

    Vietnamese electronics retailer Nguyen Kim, 49 percent owned by Central Group, also joined the Thai conglomerate in the acquisition of Big C. Their respective stakes have not been disclosed.

  • AEON Brings Exclusive Privileges and Unbeatable Promotions

    AEON Brings Exclusive Privileges and Unbeatable Promotions

    AEON Thana Sinsap (Thailand) Public Company Limited line up the financial services and exclusive privileges             that cover consumer needs at the 10th Money Expo Korat 2016 including Personal loan, Your Cash, AEON credit cards and membership cards application service. AEON customers who make financial transactions in the expo will get a chance to win a 1-Baht gold necklace and other various premium such as John Lang Ford Bag and                     AEON umbrella. Moreover, AEON consumer who has the financial transaction of every 20,000 baht will receive Big C gift voucher valued at 200 – 2,000 Baht maximum. Additionally, AEON is offering a special interest 0% installment on gold.

    Customers can enjoy other plenty of activities and mini concert featuring a host of popular celebrities including Typhoon – KPN and Tom – Room 39. The 10th Money Expo Korat 2016 will be held on 5th – 7th August 2016                at AEON’s booth A7, The MCC Hall, The Mall Korat. For more information, please visit www.aeon.co.th.

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  • Thailand retail growth predicted at 6%

    Thailand retail growth predicted at 6%

    Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020.

    This was revealed in the latest market study by global technology research and advisory company Technavio.

    Its research report, Thailand Retail Market 2016-2020, offers an analysis of the market in terms of revenue and emerging trends, as well as forecasts for six major product segments – grocery, apparel and footwear, beauty and personal care, personal accessories, home and garden, and consumer electronics.

    Grocery

    Valued at US$103 billion last year, the grocery market in Thailand is forecast to reach $145 billion by 2020, growing at a CAGR of 6.92 per cent. The segment is largely driven by the modern retail sector, while increasing urbanisation and changing consumer lifestyles are playing a significant role in the market’s development.

    Supermarkets and convenience stores have shown the fastest year-on-year growth rates with 9.5 and 10.5 per cent respectively last year.

    “Even though hypermarkets offer attractive prices, consumers are increasingly preferring supermarkets for the convenience factor and the availability of a wide product range,” says Technavio lead retail goods expert Poonam Saini. “Unlike supermarkets, which are in urban zones, hypermarkets are generally in bordering areas, catering almost exclusively to nearby consumers.”

    Apparel and footwear

    The second-largest market segment last year, apparel and footwear is expected to reach $9.19 billion by 2020, growing at a CAGR of more than 3 per cent.

    Several foreign companies are competing with local companies in the segment, says the report. International brands have fair penetration rates, offering stylish designs and a wide product range through modern retail stores. Local brands have also been successful with their long-established presence along with customer loyalty and trust.

    “The popularity of the online channel is growing, and players are actively using social media sites such as Facebook and Instagram for promotional campaigns and marketing activities,” says Poonam.

    “Websites such as Zalora.com are becoming popular for apparel and footwear products, as these sites offer promotions and discounts.”

    Beauty and personal care

    One of the fastest-growing segments, beauty and personal care (BPC) is having more than 3 per cent CAGR and is expected to reach $5.53 billion by 2020. A continuous exposure to western beauty and grooming trends has helped maintain the growth of the market over the past few years.

    International BPC companies have a nearly 50 per cent share of the market, with comprehensive product portfolios and innovative products. Thai retailers are expanding and attracting new consumers, says the report, citing cosmetics brand Sephora, which opened two new stores in 2014 after entering the market late the previous year.

    Top vendors

    Technavio’s research analysts name five top vendors for Thailand in the report.

    Topping the list are supermarket Big C and retail conglomerate Central Group. Then follow CP All, which has a chain of 7-Eleven stores, and homewares stores Global House and Home.

    Other prominent vendors in the market are Adidas, Aeon, Isetan Mitsukoshi Holdings, Lazada, Nike, Sephora, Seven & I Holdings, Tesco, The Mall Group and WearYouWant.

    Technavio develops more than 2000 reports every year, covering more than 500 technologies across 80 countries. It has about 300 analysts globally.

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  • Aeon Indonesia dumps Ministop c-store partner

    Aeon Indonesia dumps Ministop c-store partner

    Aeon Indonesia has ended its partnership with its local partner in the Ministop c-store chain.

    The move will result in Aeon exiting the market temporarily while it seeks a new business partner.

    According to local media reports, Aeon teamed with Bahagia Niaga Lestari (BNL) in 2012. But after four years, the joint venture has managed to open just six stores.

    Aeon has meanwhile been expanding its Ministop network across Vietnam, the Philippines and South Korea.

    Aeon says it is committed to Indonesia and hopes to form a new joint venture.

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  • Bio c’ Bon Japon JV to boost organics

    Bio c’ Bon Japon JV to boost organics

    Japanese supermarket giant Aeon has set up a joint venture with a European company to establish an organic supermarket in Japan, to be called Bio c’ Bon Japon.

    Bio c’ Bon, an affiliated company of business investment firm Marne & Finance Europe, runs a specialty organic supermarket business in Europe, mainly in France. Its headquarters are in Paris.

    The joint venture aims to lead the expansion of an organic market in Japan through specialty supermarkets.

    Across the world, the organic market is growing at 15 per cent or more a year, especially in France where the annual sales of organic products reach about US$5.241 million. It is the third-biggest market in the world following America and Germany. Japan ranks seventh with annual sales of about 143.1 billion yen ($1308.85 million).

    Established in 2008, Bio c’ Bon has 90 organic supermarkets in Paris, and as well as France is also expanding in Milan and Madrid.

    Since the organic Japanese Agricultural Standard (JAS) system was introduced in 2000, Aeon has been working on expanding the organic market in Japan in co-operation with public organisations and producers, and has offered Japan’s first certified organic products.

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  • AEON Showcase Their Product Line-Up and Other Financial Services at the 16th Money Expo Bangkok

    AEON Showcase Their Product Line-Up and Other Financial Services at the 16th Money Expo Bangkok

    AEON Thana Sinsap (Thailand) Public Company Limited will join the 16th Money Expo Bangkok from May 12th to 15th 2016 at Challenger Hall 2 – 3 , Impact Arena, Muang Thong Thani. AEON’s booth, B1, is inspired by the concept “Your Future Begins Today” with the beautifully laid out on the 850 square meters spread.

    At the expo, AEON line up their various financial services including the AEON M GEN VISA Card which aims to offer the special entertainment privileges to match with customers’ lifestyle such as free movie ticket every month, exclusive discounts for M GEN Set at THB 120 and M GEN Buddy Combo set at THB 99. Moreover, AEON introduces the AEON Royal Orchid Plus JCB Platinum Card exclusively for Japan lovers which exchange every THB 20 spending to 1 mileage as well as access to our exclusive lounge and discounts to many Japanese restaurants. Exclusively for AEON customer who subscribe to any service with AEON, they will get a chance to win the luxurious 3 days and 2 nights accommodation package from Sri Panwa valued at THB 112,800 as well as iPhone 6s 64 GB valued at THB 30,700 , John Lang Ford bag valued at THB 1,290 and other various premium.

    AEON customer will also enjoy other exclusive deals such as special interest 0% installment on the Honda motorcycle or gold, special tour packages from H.I.S and insurance services. They will also be entertained with a special mini concert from Bie Sukrit, Wier Sukollawat and Kang Vorakorn. For more information, visit www.aeon.co.th.

  • AEON partners with Major Cineplex Group to Enjoy Favorite Flicks and Free Snack

    AEON partners with Major Cineplex Group to Enjoy Favorite Flicks and Free Snack

    Mrs. Waraporn Nilpanich (Left), Assistant Vice President – Credit Card at AEON Thana Sinsap (Thailand) Public Company Limited and Mr. Niti Pattanapakdee (Right), Chief Media Officer of Major Cineplex Group Public Co., Ltd., announced the special joint promotion exclusively for AEON Royal Orchid Plus Platinum, AEON Gold and AEON Classic credit cardholders. With every movie tickets purchased, members can enjoy   a free Small Combo Set (22 Oz. drink and 46 Oz. popcorn) for the first 100 members per branch. The promotion is exclusive to Quatier Cineart and all Major Cineplex theaters on April 30th only.

    For more information about AEON activities, please visit www.aeon.co.th

     

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  • Jucker votes for Big C buy

    Berli Jucker shareholders have voted in favour of the US$6.2 billion acquisition of a majority stake in Big C Thailand.

    The vote – virtually unanimous – followed news the listed company had secured funding for the purchase from a syndicate of 15 banks and means the deal is now all but complete. Settlement is expected late this month.

    But while the future of Big C Thailand now appears to be resolved, negotiations continue over the fate of Big C Vietnam, a smaller, less profitable business controlled by France-based Casino Group, which is shedding overseas assets to reduce its debt exposure.

    Casino has a 58.6 per cent controlling interest in Big C Thailand, which Berli Jucker will now acquire.

    In Vietnam, Thai tycoon Charoan Sirivadhanabhakdi, through another business, has recently purchased the Metro hypermarket business from Metro AG of Germany, to bolt on to Berli Jucker’s B’Smart convenience store network.

    Charoan was thus a favourite to acquire the Big C Vietnam operations to build even greater critical mass, and lodged a bid prior to the first round deadline with his soon to be Big C Thailand partner, Central Group.

    But sources within Asia’s business community are now confident Korea’s Lotte and Japan’s Aeon are frontrunners. Lotte runs the market leading Lotte Mart hypermarket business in Vietnam and would gain a significant foothold in the nation if it could secure Big C as well.

    Aeon, which is building shopping centres in Vietnam main cities, reportedly submitted an offer that valued the business at more than US$800 million according to sources quoted in Vietnam media.

    Lotte also submitted a bid prior to the first round deadline.

    Casino has declined comment on the Vietnam sale other than to say it was “progressing well” when it reacted to ratings agency Standard & Poor’s decision to cut its credit rating to junk status  on Monday

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  • Inside Bonia Selangor

    Inside Bonia Selangor

    Malaysia-listed luxury fashion retailer Bonia has opened a new generation boutique in its home market.

    The new store is on the ground floor of the Aeon Seksyen 13 Shah Alam shopping complex in Selangor.

    Bonia - Aeon Shah Alam Selangor Malaysia 2

    As the accompanying images released by the brand on Facebook show, the store has a distinctly curved facade and something of a ‘maison’ feel. It is thus similar to the style used by luxury European brands, with stock clustered by category in precincts, but not quite rooms.

    Bonia - Aeon Shah Alam Selangor Malaysia 3

     

    Stock is sparsely laid out to make the core leather goods ranges the hero of the displays, augmented by the brand’s apparel offer.

    Bonia - Aeon Shah Alam Selangor Malaysia 4

    Bonia Group has more than 700 sales outlets and 70 boutiques across Asia specialising in leatherwear, footwear and accessories.

    Bonia - Aeon Shah Alam Selangor Malaysia 1

     

    Altogether it has a network of more than 1200 sales outlets and 170 standalone boutiques throughout the world, including countries such as Brunei, Cambodia, China, Indonesia, Japan, Malaysia, Myanmar, Singapore, Thailand, Taiwan and Vietnam.

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  • Aeon Japan shortens opening hours

    Aeon Japan shortens opening hours

    Japanese retail giant Aeon is chopping back opening hours at most of its Tokyo-area general merchandise stores, seeking more efficiency in the face of staff shortages and competition with convenience stores pushing up costs.

    The opening time at Aeon Japan stores will move from 7am to 8am for grocery sections at 42 of the company’s 64 general merchandise stores in the Tokyo, Chiba and Kanagawa prefectures under brands including Aeon and Aeon Style. Some stores will remain open 24 hours.

    Aeon began opening many of its stores at 7am in summer 2012. Company and local-government policies designed to take advantage of daylight hours following the March 2011 earthquake and tsunami resulted in more people being out and about in the early morning, which was a benefit for businesses. Aeon decided to keep the new hours year-round, and while shoppers in regions such as Japan’s north-east, most affected by the disaster, have continued to support the earlier opening times, Tokyo-area stores have found it hard to retain morning traffic.

    Competition from rapidly expanding convenience stores and small-scale supermarkets is partly to blame. Japan had about 56,000 convenience stores in the year ended last March, about 20 per cent more than before the earthquake. These stores have been growing their fresh- and prepared-food offerings to rope in demand from the elderly, homemakers and other customers, generating more than 10 trillion yen (US$89.7 billion) in sales during the 2014 fiscal year.

    Small grocery stores, such as Aeon’s own My Basket, have also been expanding.
    Staff shortages have also hit Aeon, making early-morning and late-night hours a practical challenge as well as driving up personnel costs.
    General retailers are also losing out to eCommerce, which is worth more than 12 trillion yen in Japan alone.

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  • Asian retail giants mull Big C bids

    Asian retail giants mull Big C bids

    At least three major Asian retailers are mulling bids for control of the Big C businesses in Thailand and Vietnam.

    But they all start as rank outsiders behind Thailand’s Central Group, which already has a 25 per cent share of the Thai Big C business.

    In a surprise move, France’s Casino group announced earlier this month it would sell its 58.6 per cent stake in the Thai hypermarket business in a bid to reduce debt. It had already put its struggling Vietnam business on the market in December.

    Reuters reports Hong Kong headquartered Dairy Farm International and Korea’s Lotte are in talks with their bankers about potential bids. Japan’s Aeon is also running the numbers.

    But as Reuters says, all three would need “punchy bids” to fight off frontrunner, Thailand’s Central Group.

    Casino Group will sell both businesses in an auction process – and has indicated it would prefer to sell the two operations to a single buyer.

    With a cornerstone stake in the Big C operation, Central would have to be frontrunner to secure Casino Group’s share. The company has already publicly declared its interest.

    “Whoever is going to buy this will have to pay a high price to get Central out or they will have to co-exist,” Reuters quoted an unnamed banking source “familiar with the matter”.

    The Thai stake is estimated to be worth about US$3.1 billion. The value of the Vietnam operation is less clear – bankers put it at between $800 million and $1 billion, although the business is not thought to be particularly profitable, despite recent media commentary to the contrary.

    Aeon, Lotte and Dairy Farm all declined to comment on the matter.

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  • Index Living Mall plans ASEAN expansion

    Index Living Mall plans ASEAN expansion

    Home-furnishing retailer Index Living Mall has announced its 2020 vision to continue its push beyond Thailand into other ASEAN countries.

    With franchised stores already trading in Malaysia, Thailand and Vietnam, the company believes the region’s urbanisation has shifted consumers toward a more modern lifestyle, including the way they buy and use home-furnishing products. It also notes a rise in the number of middle-income earners throughout the ASEAN Economic Community.

    MD Kridchanok Patamasatayasonthi says the company aims to double the present 5 per cent contribution to its total revenue from AEC markets by 2020. The company’s total revenue of Bt9.5 billion (US$264.8 million) last year was 5 per cent up on 2014.

    “Our market expansion through international franchisees is the result of growth in the home-furnishing and accessories sectors among ASEAN member countries,” says Kridchanok. “Other positive factors, including the bustling economic outlook, rising gross incomes and similar customer behaviour, helped accelerate our decision to look for investment opportunities in new markets.”

    She says the company has appointed VinDS, the retail investment arm of Vietnamese commercial property developer Vingroup, as its franchisee to tap into the home-furnishing and accessories retail market in that country. The first Index Living Mall under that partnership had a soft opening last month in Ho Chi Minh City, occupying 7000 sqm in Vincom Mega Mall Thao Dien. Costing more than Bt200 million, the store is expected to achieve Bt350 million in sales in its first year.

    Index Living Mall has had a store trading in Ho Chi Minh for more than four years, effectively testing the market. Now with VinDS it expects to open 10 more stores in major cities in Vietnam, including Ho Chi Minh, Hanoi and Da Nang, within five years.

    “Economic growth indicators show that the Vietnamese retail market is number two in Asia, after only China,” says Kridchanok.

    “During the first half of last year, the Vietnamese economy posted 6.28 per cent growth, the highest since 2008. With a population of 90 million, this will continue to grow, thanks to per capita income rising more than 10 per cent over the past decade.”

    Kridchanok says it is expected that the number of Vietnamese earning a median income of 15 million dong ($673) a month will grow to 33 million by 2020.

    Index Living Mall’s director for international business development Ekaridhi Patamasatayasonthi says the company’s venture into Vietnam highlights its marketing direction to tap into emerging CLMV (Cambodia, Laos, Myanmar and Vietnam) markets, aimed at strengthening its leadership position in the home-furnishings and accessories retail market in the ASEAN region.

    Ekaridhi says the company plans to open store in Manila in September via a joint venture with SM Retail, a Philippine business conglomerate involved in shopping mall, property development, banking and retailing. Index Living Mall has a 30 per cent stake in the venture.

    In Malaysia, Index Living Mall opened its first home-furnishing store in Putrajaya last year in a joint venture with AEON. Three more stores are planned for Malaysia this year – in Kuala Lumpur in March, Kota Bharu in April and Johor Bahru in the fourth quarter.

    Ekaridhi says there are six franchised stores in five countries – Malaysia, Russia, Maldives, Nepal and Vietnam – as well as dealers in Laos and Myanmar. In its home country, the company has 25 stores in 17 provinces, of which nine are in Bangkok. It plans to invest Bt470 million this year to open two stores, in Nakhon Pathom and Chachoengsao.

    Index Living Mall expects to post Bt10 billion in revenue this year and to grow its annual sales by 10 per cent over the next five years.

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  • Aeon booms despite ‘harsh’ retail conditions

    Aeon booms despite ‘harsh’ retail conditions

    Against a background of rising consumer prices, harsh retail conditions and increased competition in the shopping centre industry, Japanese developer Aeon opened four new malls in its home country last year and expanded regionally.

    It also renovated existing malls in Japan, and set up promotional programs to stimulate the market.

    Overseas, the company has been working to establish a business foundation with the aim of attracting customers to its malls in China and the ASEAN region, which it reports have been performing well. It has also added three malls in China, opened its first mall in Indonesia and launched its third in Vietnam. It has also announced plans to build a new luxury mall in Bangkok.

    Aeon’s operating revenue for the three quarters totalled 167,704 million yen ($1.4 billion), which is a 113.4 per cent year-on-year increase.

    However, because of expansion, operating costs rose 116.8 per cent year on year to 120,848 million yen, resulting in a gross profit of 46,856 million year (up 105.6 per cent).

    But in an extraordinary loss, the company incurred expenses of 1838 million yen when it closed Aeon Mall Neyagawa and Aeon Mall Fujidera, both in Osaka. This led to a decline in net income to 14,944 million yen (83.8 per cent).

    Several new malls were opened, including, in March, Aeon Mall Asahikawa Ekimae in Hokkaido, which is directly connected to a railway station; in April, Aeon Mall Okinawa Rycom, which has the concept of being a fully fledged resort mall; and in July, Aeon Mall Tonami, Toyama. As the Hokkaido and Okinawa malls are in leading tourist spots, their services were bolstered for foreigners. Meanwhile, the Okinawa mall has started accepting group tours in co-operation with nine travel agencies.

    Replacing Aeon Tonami Store, which closed in 2013, Aeon Mall Tonami opened in an area undergoing urban development, and in October opened Aeon Mall Shijonawate in Osaka, which has one of the largest food offerings in the region.

    Aeon also renewed five malls in the third quarter in addition to the six malls upgraded during the first half, including Aeon Lake Town in Koshigaya City. This comprises three individual malls – Kaze urban mall, Mori lifestyle mall and the Lake Town Outlet – making the complex one of the largest shoppings malls in Japan.

    Overseas, Aeon saw its revenue rise to 7795 million yen (up 186.4 per cent) in China, with an operating loss of 2994 million yen. Openings included Aeon Mall Suzhou Yuanqu Hudong, its second mall in Jiangsu Province, in May; Aeon Mall Beijing Fengtai, its second mall in the capital, in September; and Aeon Mall Hangzhou Liangzhu Xincheng, its first mall in Zhejiang Province, in November. This brings its number of malls in China to nine.

    A series of explosions on August 12 damaged part of Aeon Mall Tianjin Teda. Business was suspended, but general merchandise store Aeon resumed selling food and daily necessities on September. Business resumed for the rest of the mall on November 1.

    ASEAN business saw a revenue rise of 493.1 per cent to 2617 million yen, with an operating loss of 729 million yen. In October, Aeon Mall Long Bien became its first outlet in the Hanoi area and the third in Vietnam.

    Aeon Mall Phnom Penh opened in June 2014 as the company’s first mall in Cambodia, attracting more than 15 million customers in its first year. In Indonesia, BSD City in Tangerang, Banten Province, which opened in May as the first Aeon mall in Indonesia, also performed strongly.

    In its fiscal statement, the company says overseas business is considered as the driver of future growth, but is still at the stage of upfront investment and has yet to contribute to profits.

    In its information on its operating forecast, the company talks about its development plans for the Aeon Mall Tokoname in Japan, which opened in December. There was also an extension to the Aeon Mall Chikushino in the Fukuoka Prefecture, plus a revamp.

    Meanwhile, the company aims to cut costs through improved operations using the economies of scale with more than 140 malls in Japan.

    In China, also in December, the company opened Aeon Mall Wuhan Jingkai as its second property in Hubei Province, and Aeon Mall Guangzhou Panyu Square as its first mall in Guangdong Province. This month it is opening its third mall in Jiangsu, Aeon Mall Suzhou Xinqu, and plans to roll out dominant stores in Beijing-Tianjin, Jiangsu Province-Zhejiang Province, Hubei Province and Guangdong Province.

    In the ASEAN region, construction work has started on Aeon Mall Jakarta Garden City with another mall planned to open in Bogor, West Java Province, in October. New malls are also planned for Vietnam and Cambodia.

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  • Uniqlo Malaysia expands footprint

    Uniqlo Malaysia expands footprint

    After making its first foray into East Malaysia by opening two  stores in Kota Kinabalu, Sabah and one in Kuching, Sarawak, Uniqlo Malaysia is opening its first Perak store in the newly opened Aeon Mall Ipoh Klebang.

    This will be Uniqlo’s 31st store in Malaysia as the company increases its reach to make its high quality and affordable apparels more accessible to Malaysians.

    Uniqlo Perak Malaysia 1

    “As we further increase our reach to Malaysians, we want to be a brand that is present in various aspects of our customers’ daily lives. Be it just lounging at home or engaging in sports activities, we want to be the brand that provides clothes which enable them to engage in these daily activities with ease” said Jocelyn Ng, COO.

    Uniqlo Perak Malaysia 2

    Uniqlo Malaysia has lined up two more store openings in Johor and Sarawak, respectively. These will be the second Uniqlo stores for both states, after City Square in Johor Bahru and The Spring in Kuching.

    Uniqlo Perak Malaysia 4

    Uniqlo recently announced its collaboration with Disney to produce items with Disney,  Pixar, Star Wars and Marvel characters, which will be rolled out in its Malaysian network.

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