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Aeon Mall hits the right note in Japan and Vietnam, but China is still problematic

Inside Retail

China now accounts for 15 per cent of the companys operating revenues and two-thirds of its non-Japan operating revenue. Specialty store metrics at the companys malls reflected rising prices and higher average transaction values in Japan, with sales growth at the Japan malls of 6.2 per cent), dining (+8.9

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Meet the Aussie pet accessories business with 14-carat leads starting at $550

Inside Retail

It’s no secret that consumers are still spending big on their pets even in a cost of living crisis – and the launch of luxury pet accessories brand Mon Petit Amour Manolo, which sells collars starting at $550, is proof of this. billion in 2023.

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WSJ: Amazon Mulls Closing Unprofitable Businesses, Stores in Cost-Cutting Measure

Retail TouchPoints

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans. The company is aiming to redeploy these employees to more profitable areas.

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Hot property: What’s driving Aeon Mall’s record-high results

Inside Retail

million), due to an impairment expense and a provision for store closings. Specialty store sales at the company’s domestic malls reported growth of 5.9 Aeon not only benefited from increased rental income from these specialty tenants but costs fell too, so the profitability of the Japan business rose by a healthy 13.8

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Why Japan’s Aeon Mall is chasing growth overseas

Inside Retail

Specialty store sales have dragged at Aeon’s 83 malls and have consistently been down double-digit percentages compared with 2019, particularly in the all-important apparel segment, where sales have been off close to 20 per cent over the two-year period. In China, Covid-19 countermeasures have closed malls at various times.

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Victoria’s Secret, Bath & Body Works to be split into separate companies

Inside Retail

Neil Saunders, MD at GlobalData, described the decision as “telling”, suggesting that L Brands was not able to secure a bid that it considered compelling. Its numbers will no longer be flattered by the contribution of Bath & Body Works and its management team will be fully accountable to investors.

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Why it’s good to be a mall operator in the Philippines right now

Inside Retail

The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 department stores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 department stores.