KUALA LUMPUR, Jan 29 (Bernama) -- AEON Malaysia (AEON) has signed an agreement with Boxed to utilise its state-of-the-art technology to accelerate AEON’s expansion into new retail offerings.

A proven e-commerce platform in the United States of America (US) that was fully developed in-house, Boxed recorded an annual turnover of more than USD500 million. It has redefined the wholesale shopping experience with its innovative, multi-platform approach, giving consumers direct-to-their-door access to all of their favourite warehouse club products.

Boxed technology and platform will serve the existing AEON Malaysia customers, as well as to support AEON Malaysia’s expansion into business-to-business ventures and its new retail solutions via AEON Malaysia’s virtual mall. This solution will be able to support AEON Malaysia’s 4,000 tenants throughout its malls in the country.

AEON Malaysia and Boxed also share similar leadership values with emphasis on being entrepreneurial, agile to change and speed to market. Shafie Shamsuddin, Chief Executive Officer of AEON Malaysia said in his statement, “Boxed is one of the few e-commerce companies in the world that built entrepreneurial value in the company by running its own consumer business using its own technology. Working with Boxed will bring in a wholesome customer experience to AEON by bridging more than 1.3 million loyal AEON customers from offline to online space. We are confident that we can bring in quality tenants and merchants, as proven in our brick and mortar business, into our virtual mall.”

AEON Malaysia will utilise Boxed’s proprietary storefront platform and inventory-picking software, including click-and-collect services from selected AEON stores. “The ability for an enterprise customer to make just one call to modernise their digital and physical e-commerce capabilities is truly rare. To do it with low CAPEX is even rarer. We are beyond excited to bring our technology to retailers around the world and help them succeed in today’s competitive market,” said Chieh Huang, Chief Executive Officer of Boxed. 


About AEON Group (Malaysia)

Malaysia was AEON Japan’s first venture in the ASEAN market in 1984 and still represents the largest revenue contribution to its total overseas market. AEON Group in Malaysia consists of retail, mall operations, financial services, facilities management, private brand development and supply chain businesses. AEON is one of the largest mall operators in Malaysia with 10% market share, with 34 General Merchandise Stores under the AEON brand, 22 Hypermarkets under the AEON Big brand, 10 premium supermarkets under the MaxValu brand, 72 health and beauty outlets as AEON Wellness and 44 franchisee business under the Daiso brand. AEON has a complete retail ecosystem as one of the top retailers in Malaysia. The word ‘AEON” has Latin origins meaning “eternity”. The customers’ beliefs and desires are the core of our philosophy. For more information, please visit www.aeonretail.com.my.

About Boxed

Founded in 2013, Boxed has redefined the wholesale shopping experience with its innovative, multi-platform approach, giving consumers direct-to-their-door access to all of their favourite warehouse club products. Boxed brings convenience and savings to on-the-go consumers who don’t have the time, means or patience to shop at a brick and mortar big box club, all with no membership fees. The brand’s discovery-based design recreates the fun of the treasure hunt experience with a curated selection of everyday essentials that consumers love including household staples, health and beauty supplies, office pantry items, groceries and a wide variety of organic and green products. Boxed's award-winning private brand, Prince & Spring, is one of the fastest growing online private brands nationwide. 


SOURCE : AEON CO (M) SDN BHD

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Nik Surina Suria 
AEON Retail Malaysia 
Tel : +6013 367 6488 
Email : niksurina@aeonretail.com.my 

Name : Almaiyah Abd Aziz
AEON Retail Malaysia
Tel : +019 260 6617
Email : almaiyah.abd.aziz@aeonretail.com.my   

Name : David Taft 
Boxed.com
Tel : +1 (732) 895-8238
Email : dave@boxed.com

--BERNAMA