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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 and customer traffic growth of 3.2

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

Unsurprisingly, ecommerce will be the most popular destination for Valentine’s Day shopping, accounting for 39% of the total. The other top shopping destinations include: Department stores ( 29% ); Discount stores ( 28% ); and A tie between local small businesses and specialty stores ( 17% each).

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

Inside Retail

Last week, PetO, Australia’s largest independently owned pet specialty store, acquired 41 retail stores and 25 vet clinics from the Woolworths Group’s Petstock banner, after the Australian Competition and Consumer Commission issued a court-enforced divesture notice to Petstock and Woolworths citing anti-competitive behaviour in the market.

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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.

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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. billion yen (about $30.8 The three-year plan.

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

Inside Retail

Its numbers will no longer be flattered by the contribution of Bath & Body Works and its management team will be fully accountable to investors. Such accountability is no bad thing and will likely sharpen efforts to enact a genuine turnaround at the company.”. “The divorce gives Victoria’s Secret no place to hide.