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7-Eleven Parent Plans Corporate Restructuring to Sharpen Focus on Convenience Business

Retail TouchPoints

Seven & i Holdings , parent company of 7-Eleven , plans to create a new holding company for its supermarkets, specialty stores and other non-convenience store businesses. The newly named York Holdings Company would consolidate 31 businesses and eventually go public with an IPO.

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

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.

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

Inside Retail

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 The companys new mall in Hue mall has more than 51,000 square metres of leasable area and 140 specialty stores, the vast majority of which are new to the central region.

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How Retailers Can Control Costs Even As Return Rates Climb

Retail TouchPoints

In a survey of consumers conducted by Doddle , 84% said a positive returns experience encourages them to shop with a retailer again. Conversely, 73% of consumers responding to a survey by Returnly said they would not shop with a brand again after a poor returns experience. Fortunately for retailers, that surge did not materialize.

Returns 324
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After 10 years, Japan’s Aeon seems ready to conquer Vietnam’s regions

Inside Retail

At Celadon, Aeon opened a hypermarket, aggregating a collection of local retailers and new-to-market Japanese brands it had experience with at home, intentionally building its own shopping centre destination rather than leasing space in someone else’s. Not only in Aeon shopping centres.

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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

As the pandemic moves further and further into the rearview mirror, Japan’s Aeon Mall is looking to put the afterburners on its shopping centre development program, both inside and outside Japan. Operating costs have grown faster than revenues, which are derived primarily from leasing space in its shopping centres. The three-year plan.