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Aeon

Wal-Mart Q1s, Aeon and Picard team up in Japan, Jet.com tests grocery delivery – retail round-up, May 2016

Wal-Mart Q1s, Aeon and Picard team up in Japan, Jet.com tests grocery delivery – retail round-up, May 2016

In May, Wal-Mart's latest financial results took the eye, although in some ways the numbers prompted as many questions as answers. In the US, there were more entrants into online grocery, notably recently-launched pure-play jet.com. Elsewhere, Japan's Aeon and France's Picard teamed up to launch the frozen food chain in the Asian market, while France's competition regulator announced plans to investigate the buying partnership between Auchan and Systeme-U.

Talking shop: Aeon responds to domestic challenge with Asia growth

Talking shop: Aeon responds to domestic challenge with Asia growth

Japan-based retailer Aeon warned that its full-year 2013 profit is expected to come in well below expectations. The company was hit by weak domestic consumer sentiment in the 12 months to end-February, with efforts to stimulate supermarket sales failing to offset group-wide pressure on revenues. But Aeon management also took the opportunity to outline its medium-term growth priorities. Katy Askew reports.

Talking shop: Tesco faces “difficult decisions” at home and abroad

Talking shop: Tesco faces “difficult decisions” at home and abroad

Tesco clearly has a lot on its plate. On the one hand, the UK's largest retailer is focused on transforming its domestic business through a capital intensive programme of store refurbishments and a potentially margin-dilutive drive online. On the other, the need to reverse overseas volume declines in order to shore-up international margins is pressing. CEO Philip Clarke is attempting to perform a complex balancing act. Katy Askew reports.

JAPAN: H1 losses at retailer Daiei widen

Japanese retailer Daiei has seen its net losses widen in the first half of its financial year. In the six months to the end of August, Daiei booked a net…