Watsons Thailand to open 50 new shops
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Central Watson, operator of the Watsons Thailand community, says it can open 50 extra shops by the top of this yr.
The enlargement will take its community to 381, growing its dominance over rival Boots which on final rely had simply 230 shops.
MD Rod Routley informed a briefing that the enlargement will value 400 million baht, round US$12 million, which represents a 15 per cent improve within the firm’s capital expenditure this calendar yr.
Apart from the brand new openings, the corporate plans to renovate many present shops and broaden its promotional exercise to lure new clients.
“Thailand is among the quickest rising markets when it comes to retailer enlargement within the Asean area,” Routley stated.
Watsons Thailand is a three way partnership between the highly effective Thai Central Group and Hong Kong based mostly AS Watson, the model’s mother or father.
This week, Watsons Thailand opened a web-based retailer providing about 1000 inventory models, together with some out there solely on-line and never in shops.
A number of the new Watsons shops will comply with a brand new, bigger format unveiled in Siam Sq. in February. At 500 sqm, the shop is significantly bigger than the model’s earlier flagship and may show an expanded product vary.
Questions & Answers
Q.What is the total number of Watsons Thailand shops expected to be by the end of this year?
What is the total number of Watsons Thailand shops expected to be by the end of this year?
Watsons Thailand anticipates having a total of 381 shops open by the end of the current year. This figure includes the planned addition of 50 new stores to their existing network.
Q.How much capital expenditure will the expansion of Watsons Thailand require?
How much capital expenditure will the expansion of Watsons Thailand require?
The expansion will cost 400 million baht, which is approximately US$12 million. This amount represents a 15 per cent increase in the company's capital expenditure for the current calendar year.
Q.What is the relationship between Watsons Thailand and its parent companies?
What is the relationship between Watsons Thailand and its parent companies?
Watsons Thailand operates as a joint venture. Its parent companies are the Thai Central Group and the Hong Kong-based AS Watson, which owns the Watsons brand.
Q.What new initiatives has Watsons Thailand launched recently to support its growth?
What new initiatives has Watsons Thailand launched recently to support its growth?
This week, Watsons Thailand launched an online store featuring about 1,000 unique stock units, some exclusive to online. They also introduced a new, larger store format, recently unveiled in Siam Square.
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