AEON BIG plans to close down three of its stores in Klang Valley. The company margins remain under pressure after taking over Carrefour Malaysia four years ago in 2012. According to The Edge, the three stores in Klang Valley: Kota Damansara, River City (Jalan Ipoh) and Bangsar South will be shutting down in the next 30 days. After the closure, AEON BIG will have 22 stores in Malaysia.
Informed sources said the impact of GST, low consumer purchasing power, high operation costs and increased competition affected the performance of AEON BIG stores.