×
254
Fashion Jobs
AJAY INDUSTRIAL CORPORATION (AICL)
Production Manager (hp Division)
Permanent · Ghaziabad
VRB CONSUMER PRODUCTS
Job Opening as Asst Manager Production - Keshwana
Permanent · Keshwana
POLYCAB INDIA LTD
Area Sales Manager
Permanent · Ludhiana
CEAT
am Production Tbr Stock (Halol- Gujarat)
Permanent · Halol
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
SHALIMAR INCENSE
Senior Area Sales Manager/Regional Sales Manager- South
Permanent · Bengaluru
FIRST MERIDIAN BUSINESS SERVICES
Production Manager (Female)
Permanent · Oragadam
POLICYBOSS
Area Sales Manager
Permanent · Chennai
RADON INDIA
Area Sales Manager - (Dealer Channel)
Permanent · Jaipur
PEOPLEFY INFOSOLUTIONS
Job Opening For Area Sales Manager Role in Mnc For Vijayawada
Permanent · Vijayawada
STANVAC CHEMICALS
Area Sales Manager
Permanent · Beawar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Hearing Aid or Medical Device
Permanent · Kolhapur
SMART SOURCE
Buyer & Merchandiser With a Top Brand-Mumbai
Permanent · Mumbai
MURUGAPPA GROUP
Area Sales Manager - Commercial Vehicle
Permanent · Ahmedabad
CREATIVE SOLUTIONS
Mechanical Production Manager Sheet Metal Industry (1 - 6yrs)
Permanent · Chennai
H&M
Content Production Manager
Permanent · NEW DELHI
CAPITAL PLACEMENT SERVICES
Production Manager For Agrochemical Industry in Saykha,Gujarat
Permanent · Bharuch
ADITYA SAMRAJ NATURAL FOODS PVT. LTD.
Area Sales Manager / Regional Sales Manager
Permanent · Ambala
AIRTEL
Area Manager
Permanent · Kanchipuram
ADIDAS
Senior Tech Project Manager
Permanent · GURUGRAM
CORPORATE MANPOWER
Requirement - Operations Manager
Permanent · Kolkata
DR LAL PATHLABS
Area Sales Manager - Vijayawada
Permanent · Vijayawada
By
Reuters
Published
Jun 5, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Japan's Aeon likely to miss China store target

By
Reuters
Published
Jun 5, 2009

TOKYO, June 5 (Reuters) - Japanese retailer Aeon Co Ltd (8267.T) said it is likely to miss its target of opening another 70 supermarkets in China by the end of February 2011 due to local delays in developing new stores.


Aeon Co Ltd sales room

Aeon has been looking to expand in China while curbing outlet openings at home, where it faces slow growth prospects and fierce competition. It currently has 28 stores in China.

The company, which also operates the Jusco store chain, said it had no plan to curb investment in China, denying a Nikkei business daily report that it was spending less there due to the country's economic slowdown.

The Chinese economy registered its weakest quarter on record with growth of 6.1 percent in January-March from the same period the year before.

"It's true that we are not seeing double-digit growth there now, but it remains one of the fastest growing economies," said Aeon spokesman Koji Tsusue. "We have no intention of curbing store openings there."

But he said the retailer is not likely to open stores as quickly as it had planned because of factors "beyond our control," such as delays in construction projects due to some developers lacking funds.

The company has said it aims to have 100 stores in China by the end of February 2011.

The firm posted its first net loss in seven years for the year that ended in February, hit by weak sales at home and a slump at its U.S. apparel chain Talbots (TLB.N).

But the retailer said sales and profits at its Chinese operations rose during the period, with its local currency operating profit logging double-digit percentage growth. (Reporting by Taiga Uranaka, Ashutosh Joshi; Editing by Joseph Radford)

© Thomson Reuters 2023 All rights reserved.