Aeon, `Stalled' in Japan, Turns to China for Growth in Supermarket Revenue

(Bloomberg) -- Aeon Co. in the next five years plans
to triple its stores in China, a country from which Japan's
largest supermarket operator predicts it will eventually generate
more revenue than domestically.

``Sales growth in Japan has stalled,'' the Chiba, Japan-
based company's assistant chief representative for China, James
Kazumasa Ishii, said. Aeon's Asia business, including China,
Malaysia and Thailand, accounts for less than 5 percent of the
group's revenue now.


Read more at Bloomberg Emerging Markets News