Japanese supermarket operator Aeon will cut prices or increase sizes for hundreds of products this month as it looks to shore up demand.
Aeon is hoping to boost spending by budget-conscious shoppers who have been put off by persistent inflation.
The changes will apply to around 500 items, including Aeon's own brand of vegetable oil, mayonnaise and toilet paper.
Officials say the campaign will be paid for with savings from simpler packaging and logistical changes.
Aeon logged a big drop in net profit in the half year through August after raising wages and running earlier rounds of price cuts.
President of Aeon Topvalu, Tsuchiya Mitsuko, said "Under the current situation, if we focus solely on profits, customers will stop buying. We want customers to keep coming back and to spend more."
Other supermarket operators, such as Seiyu and the Japanese Consumers' Co-operative Union, have also run discount campaigns in recent months.
Aeon is hoping to boost spending by budget-conscious shoppers who have been put off by persistent inflation.
The changes will apply to around 500 items, including Aeon's own brand of vegetable oil, mayonnaise and toilet paper.
Officials say the campaign will be paid for with savings from simpler packaging and logistical changes.
Aeon logged a big drop in net profit in the half year through August after raising wages and running earlier rounds of price cuts.
President of Aeon Topvalu, Tsuchiya Mitsuko, said "Under the current situation, if we focus solely on profits, customers will stop buying. We want customers to keep coming back and to spend more."
Other supermarket operators, such as Seiyu and the Japanese Consumers' Co-operative Union, have also run discount campaigns in recent months.
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Summary
Japanese supermarket operator Aeon plans to lower prices or enlarge sizes for approximately 500 products this month, aiming to stimulate spending among budget-conscious shoppers affected by inflation. This move follows a drop in net profit for the company and involves items like vegetable oil,
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ID: f08cff9b-004b-4b05-aeaf-4e0e36c067b5
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20241022_B06/
Created: 2024/10/23 07:00
Updated: 2025/12/08 09:36
Last Read: 2024/10/23 07:42