Retailing, Franchising, and Consumerism Business Intelligence in China

Watsons Hits 4,000 Outlets Worldwide Mark

Hong Kong beauty and health care retailer Watsons announced that the company now has over 4,000 retail outlets around the world and they plan to open 700 additional stores in 2014.

At present, Watsons has more than 100 stores in Beijing.

Latest statistics provided by Deloitte showed that Watsons ranked 48th among the top 250 retailers in the world and it ranked first among Chinese retail enterprises.

In 2012, Watsons achieved operating revenue of HKD149 billion and during the first half of 2013, its operating revenue was HKD75.76 billion.

Watsons said that over the past three years, the group saw rapid development around the world, especially in the Asian region. Between 2012 and 2013, the company added over 1,000 new stores. In China alone, Watsons has opened 1,700 stores and the number is expected to be increased to 3,000 by 2016.

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