A.S. Watson news

07 August 2017
A.S. Watson has reported a flat revenue of HKD73.6bn (US$9.4bn) and 2% decline in operating profit to HKD5.2bn (US$664mn) for its fiscal first half compared to last year. Results impacted by currency fluctuations A.S. Watson's revenue has remained flat in the six months to 30th June, with results impacted by adverse foreign-currency exchange similar to results posted for FY2016. In local cu...
10 July 2017
A.S. Watson has announced that they will open 88 new stores in the UK via Superdrug, Savers and The Perfume Shop. Investment in UK despite uncertainty While sterling has fallen due to the Brexit uncertainty, and local currency HKD sliding against USD, A.S. Watson will continue to invest in the UK. The group said it would be opening 30 more Superdrug stores, 45 Savers outlets and 13 The Perf...
29 June 2017
The largest international health and beauty retailer, A.S. Watson Group, plans to open 1,400 stores across the world this year. Store expansion to improve overall profits Despite failing in a recent bid to acquire heath retailer Holland & Barrett, Watsons have moved swiftly to announce their latest expansion plans. Watsons aims to open 1,400 outlets globally this year, with 500 stores in Ch...
16 May 2017
Watsons, a leading health and beauty retailer, has revealed plans to add 50 to 55 stores this year in Thailand. Building from strong growth in 2016 Watsons achieved 55 store openings last year, ahead of its plan for 50 stores. The current year will see a similar number of store openings, balanced between upcountry and Bangkok. Other investments this year will focus on store renovations, eco...
27 March 2017
A.S. Watson has reported a flat retail revenue of HKD151.5bn (US$19.5bn) and 2% decline in operating profit for FY2016 compared to last year. Results impacted by adverse currency exchange and HK performance After removing the effect of currency exchange, revenue and operating profit showed 3% gain year-on-year, offset by Hong Kong retail operations. Cost inflation and lower tourist arrivals...
12 October 2016
Healthcare and beauty chain Watsons and Lazada Singapore have announced their partnership. 500 Watsons products sold on Lazada The partnership would make over 500 Watsons products available on Lazada. Formed in 2012, Lazada Singapore is Southeast Asia’s leading online shopping platform that features a wide range of products from electronics and household goods, to fashion apparel and sports...
15 August 2016
A.S. Watson has reported a weaker performance with a 2% revenue increase across key markets for its health and beauty retail operations. Currency fluctuations and weak performance in China caused the slowdown. Growth in Europe held back by adverse exchange rates Within Western Europe, comparable store sales in health and beauty grew by 3.3%. Given the depreciation of the currency over the p...
04 July 2016
Watsons Indonesia plans to add between 15 and 20 new stores in 2016, on Java, Bali and in Jakarta. The new stores will open predominantly in shopping malls. Targeting 18.2 percent growth in revenue this year The stores in Indonesia are operated by Duta Intidaya, founded in 2005 and is listed on the Indonesia Stock Exchange from June. Duta Intidaya currently operates 47 Watsons branches in J...
30 May 2016
Central Watson, the operator of Watsons Thailand, has allocated THB1bn (US$28m) to open 250 new stores over the next five years.  Investment split across both new and existing operations  Central Watson will increase its investment budget to THB480m to expand its retail business this year. About THB200m will be used to open new stores in Bangkok, key tourist destinations, and other major ...
29 February 2016
Watsons has kicked off an initiative for selling and delivering cosmetics and groceries as takeaway via Baidu Waimai (takeaway in Chinese). Expanding online to boost sales The initiative has been launched in Beijing, Shanghai and Guangzhou and will be extended to all the cities that Watsons operates in. Products on Baidu Waimai include personal care, snack and beverages. As the leading H...