Aeon expects sales to increase 10-20% during promotion period

KUALA LUMPUR: Aeon Co (M) Bhd expects sales to grow between 10% and 20% during its promotion period, the Aeon Day and Thank You Day sales promotions.
Executive director Poh Ying said the “Aeon Day” sales promotion would be held on every 8th and 28th day of the month while the “Thank You Day” on every second and last weekend of the month.
“These promotions will benefit 1.2 million Aeon members who have played a pivotal role in spurring our growth,” he told reporters after launching the Aeon 2018 Promotions today.
He said for “Aeon Day”, members would receive RM5 cash vouchers for every RM100 spent or RM3 cash vouchers for every RM60 spent, while for “Thank You Day”, they would receive RM5 cash vouchers for every RM80 spent, RM10 cash vouchers for every RM150 spent and RM30 cash vouchers for every RM300 spent, all excluding the Goods and Services Tax.
“With the rising cost of living and the inflation, many consumers are looking for more ways to stretch their money, especially for groceries.
“The cash vouchers can help our customers obtain greater savings in the long-run,” he added.
Poh said that consumer spending sentiment this year was expected to be good due to the upcoming election as well as the implementation of measures to curb inflation.
“Along with the consumer-friendly 2018 Budget and the better ringgit, I believe these factors will drive consumer spending and the growth of the retail industry,” he added.
Meanwhile, Poh said Aeon had allocated between RM400 million and RM500 million in capital expenditure this year to be used, among others, to renovate new and existing stores in Taman Maluri, Kuala Lumpur, Kuching and Johor.
To date, Aeon operates 33 departmental stores cum supermarkets and manages and operates 26 shopping malls, three MaxValu and three MaxValu Prime supermarkets, nationwide. – Bernama