2010 Jun 11
AEON Stores (Hong Kong)

AEON STORES TO CLOSE JUSCO TAI PO STORE　REMAINS OPTIMISTIC ABOUT THE HONG KONG RETAIL MARKET AND WILL CONTINUE BUSINESS EXPANSION IN THE TERRITORY

(HONG KONG, 11 June 2010) – JUSCO Tai Po Store (“Tai Po Store”) operated by AEON Stores (Hong Kong) Co., Limited, (“AEON Stores” or the “Group”) (Stock code: 984) will close in July 2010. The General Merchandise Store (“GMS”) will remain open until 18 July 2010 while its supermarket will close on 11 July 2010. To thank customers for their support over the years, the Group will launch a clearance sale from mid June.

The Group decided to close the Tai Po Store as the leasing contract will expire in July and the landlord has other business plans ahead.

Mr. Lam Man Tin, Managing Director of AEON Stores, said, “We would like to express our gratitude to the customers, which include the residents of Tai Po, for their support of JUSCO Tai Po Store since 1995. We are encouraged by the positive market response towards our newly opened Kowloon Bay Store, which highlights the appeal of our GMS model among customers despite the closure of this store. In the future, we will continue to look for suitable locations to open new stores of different business models, and aim to bring our excellent products and services to even more customers.”

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About AEON Stores
AEON Stores was established in Hong Kong in 1985 and listed on the Hong Kong Stock Exchange in 1994. The Group is mainly engaged in the operation of general merchandise stores (GMS). Currently, it operates 10 GMS, 2 independent supermarkets, 33 independent Living PLAZA by AEON, 30 independent Daiso Japan, 1 independent Bento Express by AEON and 4 Mono Mono and 3 KOMEDA'S Coffee in densely populated districts in Hong Kong. It also operates 21 GMS and 15 independent supermarkets in Guangdong Province, the PRC.

For more information：
AEON Stores (Hong Kong) Co., Limited
Corporate Communication Department
Tel.：（852）2165 0777
Email：aeonpr@aeonstores.com.hk