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Business deals

Japan's Aeon to buy 100-yen chain for expertise on affordable products

Can Do operates 1,140 stores nationwide with rock-bottom prices, but costs are rising

The Can Do chain will open discount stores in Aeon Group's malls and stores. (Photo by Taro Saeki)

TOKYO -- Aeon, the Japanese retailer best known for the giant hypermarkets that bear its name, looks to acquire 100-yen chain Can Do to gain expertise in a segment of the market where it has struggled.

Can Do, with about 1,140 outlets nationwide, is Japan's third-largest discount chain selling goods ranging from kitchen and office supplies to toiletries and food, generally at a flat price of 100 yen each. Many of the shops are near major train stations, and products often feature popular characters. The company raked in sales of 73 billion yen ($643 million) for the year ended November 2020.

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