Aeon, a major distributor, has announced that it plans to expand its business by opening more than 800 new stores in commercial facilities over the next five years for CAN DO, which operates a 100-yen shop that has become a subsidiary.
Aeon acquired 51% of the shares of CAN DO through a takeover bid for TOB = shares and made it a subsidiary on the 5th of this month.
In response to this, the presidents of both companies met in Tokyo on the 14th, and about 1,200 Can Do stores nationwide, more than 800 new stores will be opened in the next five years, mainly in the group's shopping centers. And announced the policy to expand to 2000 stores.
The business environment for 100-yen shops is becoming more severe due to intensifying competition to open stores and rising raw material prices. We would like to exert a synergistic effect by jointly developing miscellaneous goods and toys, which will lead to an increase in the number of customers visiting our stores.
At the press conference, Aeon President Akio Yoshida said, "We want to develop valuable products and create stores where young people and children can come, without competing for prices."
In addition, Kazuya Kido, president of CAN DO, said, "The biggest management issue is that sales and profits are flat and rigid. We want to maximize the power of Aeon and improve customer satisfaction." ..