TOKYO -- Japanese retail group Aeon brought in a record operating profit of 117.6 billion yen ($791 million) for the six months ending August, up 23% from the same period the previous fiscal year, as the company's affordable private brand products were in high demand from Japanese consumers trying to fight inflation.
Retail
Japanese retailer Aeon earns record profit amid inflation
ASEAN business struggles with economic slowdowns in Malaysia and Vietnam
Aeon President Akio Yoshida was upbeat regarding sales of private brand products, saying sales “have been growing very steadily.” (Photo by Yutaka Miyaguchi)
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