AEON expects revenue growth of 5pc this year in Malaysia

AEON Co (M) Bhd is expecting a steady revenue growth of 5 percent this year, with 30-40 percent expected to come from the food segment.

Its managing director NurQamarina Chew Abdullah said the company is growing consistently on a year-on-year basis.

On expansion plans, she said the retailer is opening another three AEON outlets in the third quarter of 2014 in Taiping, Bukit Mertajam and Kuala Lumpur. The retailer currently operates 27 outlets and four MaxValu supermarkets nationwide, and targets to have 30 outlets and six MaxValu supermarkets by year-end.

Source: The Malaysian Insider