TOKYO (Reuters) – Japan’s second-largest retailer, Aeon Co Ltd ( 8267.T ), said on Tuesday it should purchase Mitsubishi Corp’s ( 8058.T ) TV procuring unit because it seeks to increase beyond bricks-and-mortar stores.
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The transfer comes as several analysts note that retailers have overlooked fundamental in-retailer customer needs as they scrambled lately to compete better with Inc ( AMZN. ) by cutting prices by means of retailer closures, providing extra mark-downs and pouring hundreds of thousands into building out e-commerce platforms.