Japanese retailer Aeon today (7 July) posted a 62% drop in operating profit as falling consumer spending hit sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Operating profit slid to JPY8.72bn (US$91.5m) in its first quarter, which ended in May.


Same-store sales at its core Japanese supermarket business dropped 5.8% year-on-year, despite aggressive pricing actions.


However, Aeon retained its full-year profit forecast of JPY130-140bn, suggesting that further discounting initiatives would drive sales gains.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.