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Friday, October 9, 2009

Aeon posts ¥16 billion loss

Major retailer Aeon posted a group net loss of ¥16.01 billion when compared to a net profit of ¥23.81 billion logged last year.Aeon aims to close about 60 stores by February 2010 instead of the 40 projected as of July, admitting it expected tougher conditions ahead amid the global financial turmoil.It also said sales dropped particularly for clothing items.

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