Japanese supermarket operator AEON posted an 8.6% year-on-year decline in operating profit as a result of falling Japanese consumer spending.

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Operating profit declined to JPY36bn (US$360m) in the three months ended August, Bloomberg reported today (8 October).


Aeon said that amid a “harsh” economic environment, it faces an “increasing cost-conscious consumer”.


The company posted a first-half net loss of JPY16bn as a result of charges to close stores, accounting changes and write-downs.

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