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Watsons aiming for 200 stores.

Bangkok Post (Bangkok, Thailand)

| September 07, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Sukanya Jitpleecheep

Sep. 7--The Watsons health and beauty store chain intends to continue expanding locally despite the faltering economy, and will have 200 stores by the end of 2007. Alan Nementzik, managing director of Central Watson Co, a partnership between Central Retail Corp and Hong Kong-based A.S. Watson, said the company would open 56 new outlets this year alone, an increase from the 50 it originally planned.

"Though traffic in some tourist destinations has dropped by 15 percent, and it's down 40 percent in Phuket and Hat Yai, it is still better than the hotel occupancy rate. We still foresee business opportunity up-country. We have ...

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