Aeon plans to expand its network of shipping mall in Asia outside Japan to about 50 by fiscal 2013, double the current figure.
source: http://e.nikkei.com/e/fr/tnks/Nni20110614D14JFA14
I looked over their background.
Firstly, I checked the shopping center industry in Japan. According to Japan Council of Shopping Centers (JCSC), the market size is about 27,000 billion yen and annual SC total sales have been remained since 2001.
In addition, the number of newly-opened shopping center has been decreasing since 2007.
Then, I looked over about AEON’s financial data. I don’t think their business is growing for last five years.
Besides, I checked their sales each segments: GMS and other retail stores, Service and others, Specialty Store, and SC development. Their segment ratio have been changing, I know AEON is focusing on service segment.
In conclusion, SC market in Japan is not growing and SC had already been opened at good location. Then AEON has been changing their operations from GMS to Service in Japan. And now AEON is more focus on Asian markets to expand their business.
No comments:
Post a Comment