Watson’s keeps growing

The largest international health and beauty retailer A. S. Watson Group with over 13,300 outlets in 25 countries, keeps expanding with 1,400 new outlets opening globally this year – 60 of those will be in Hong Kong. This will increase the number of stores in HK by nearly 9 percentĀ from currently 700.
Further, Watson’s plans to improve its technology platform and enhance the big data analysis with an investment of HK$500 million in the next three years.
The reason why Watson is focusing on an expansion in Hong Kong particularly is the positive retail sales growth in grocery sales where the health and beauty sector were the strongest. Groceries increased 2.3 percent and health 5 percent, driven mainly by domestic consumption.