Tuesday, July 10, 2007

Aeon Q1 profit falls 16 pct on weak Talbots sales

(Reuters) - Despite weak first-quarter results, Aeon stuck to its
forecast for an eighth year of record earnings, citing a
rebound in domestic superstore sales and the appointment of a
new chief executive at Talbots.




"We expect a significant recovery in earnings in the fiscal
second half," Aeon Executive Vice President Masaaki Toyoshima
told reporters in Tokyo. "We think that would make up for the
weak first quarter and help us realize our annual targets."


Read more at Reuters.com Business News

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