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TOKYO -- Japanese retailer AEON plans to open more My Basket small supermarkets in Tokyo and the surrounding area increasing from 32 to 100 this year, and reaching 500 stores by 2012, FoodInternational.com reported.
The company unveiled the plans as the AEON group, which operates 169 businesses including large-scale shopping centers, supermarkets, drugstores, convenience stores, specialty stores and foodservices, and reported a net loss for year end February 2009 of 2.7 billion yen (20.6 million euros).
Aeon. which is known for its large shopping malls, said it decided to strengthen its network of My Basket stores to meet a growing need in urban areas for small supermarkets that sell fresh produce, according to the Financial Times.
While My Baskets are around the size of convenience stores, they sell goods generally found in supermarkets and about 30 percent of the low-price products are private label, FoodInternational.com reported.