Watsons plans to open 1,000 new stores this year with HK$3.8mn investment

The Watsons Group announced plans to add approximately 1,000 new stores this year, investing a total of HK$3.8 billion in new store openings and upgrades, as well as retail technology and supply chain enhancement to expand its global business network and its online and offline (O+O) platforms..

The group disclosed that last year, the health product category recorded eight percent growth, with double-digit growth in both the European and Asian market. The beauty product category grew by six percent as well. In addition, the group’s continued investment in O+O sales also recorded double-digit growth.

Last year, the group added 10 million new members globally, bringing the total to over 180 million.

Watsons stated that it will focus on sustainable growth and innovation in the future, continuously consolidating its position in the health and beauty retail industry.

Watsons currently operates over 17,000 stores in 31 markets across Asia and Europe, employing over 130,000 youths globally.