99 411
Fashion Jobs
NAVY EXCHANGE
Application Administrator
Permanent · VIRGINIA BEACH
SACKS
2nd Shift Material Handler
Permanent · LA VERGNE
SACKS
Weekend Shift Returns Processor
Permanent · LA VERGNE
SACKS
Second Shift Returns Processor
Permanent · LA VERGNE
ALO YOGA
Experiential Marketing Manager
Permanent · LOS ANGELES
SIGNET JEWELERS
General Manager - Jared - Fair Lakes Center
Permanent · FAIRFAX
NORTH CAROLINA STATE
Postdoctoral Research Scholar
Permanent · RALEIGH
VF CORPORATION
Vans: Store Manager - International Marketplace
Permanent · HONOLULU
VF CORPORATION
sr. Analyst, Customs Compliance
Permanent · COSTA MESA
BLOOMINGDALE'S
Asset Protection Detective, Full Time - White Plains
Permanent · WHITE PLAINS
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Roosevelt Field
Permanent · GARDEN CITY
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Orlando
Permanent · ORLANDO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Bergen County
Permanent · HACKENSACK
ATHLETA
General Manager - Santana Row
Permanent · SAN JOSE
OLD NAVY
General Manager - Florence Square
Permanent · FLORENCE
OLD NAVY
Assistant General Manager, Merchandising - Arsenal Yards
Permanent · WATERTOWN
GAP
General Manager - Traverse Mountain
Permanent · LEHI
GAP
General Manager - Denver Premium
Permanent · THORNTON
NEWELL
Manufacturing Manager
Permanent · REEDSBURG
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · SOUTHLAKE
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · SOUTHLAKE
ESSILORLUXOTTICA GROUP
Administrator - Implementation
Permanent · MASON
By
Reuters
Published
Oct 8, 2008
Download
Download the article
Print
Text size

Japan's Aeon's H1 down 13 pct, keeps outlook

By
Reuters
Published
Oct 8, 2008

TOKYO, Oct 8 (Reuters) - Japan's second-largest retailer, Aeon Co Ltd , posted a 13 percent fall in first-half operating profit on Wednesday as consumers rein in spending due to the slowing economy, but it stuck to its full-year outlook.


www.Aeon.info

Aeon is the first major retailer to report first-half earnings, setting the tone for a sector struggling to maintain profits as consumers, worried about the sluggish economy, spend less on a variety of items such as furniture and clothes.

Aeon, which operates Jusco stores and owns a majority stake in struggling U.S. apparel chain Talbots Inc , said group operating profit came to 58.7 billion yen ($580 million) for the six months to August.

For the full year to February, the firm stuck to its forecast for operating profit to come in between 165 and 175 billion yen. That compares with a mean forecast of 165.2 billion yen in a poll of 14 analysts by Reuters Estimates.

Aeon has been trying to secure profit growth even in the face of an increasingly tough retailing environment by cutting costs and revamping its main general merchandise stores, which sell grocery, clothing and household items.

Bigger rival Seven & I Holdings Co Ltd is scheduled to announce its results on Thursday.

Prior to the announcement, shares of Aeon closed down 8.1 percent at 950 yen. The benchmark Nikkei average .N225 fell 9.4 percent. (Reporting by Taiga Uranaka)

© Thomson Reuters 2024 All rights reserved.