Watsons Joins with Shun Tak Group to Achieve Greater Share of Health & Beauty Retail Market in Macau

Friday April 28th, 2006

Watsons, Asia's leading personal care retailer marked its latest milestone today by partnering with the number one property developer in Macau, Shun Tak Group, to open the most innovative and largest flagship store in Macau, Hong Kong and China. The new flagship store is located in the heart of Macau's tourism district on Senado Square. With an investment of over HK$5 million, Watsons Macau flagship store continues the retailer's total commitment to customer satisfaction by offering an exceptional store environment, professional services, ultimate product range and shopping offers.
Watsons Macau flagship store marks the latest step in the retailer's ongoing brand-wide transformation to New Watsons and further confirms its commitment to innovation and providing a unique and refreshing shopping experience for customers.

Mr. Peter Dove, Managing Director of Watsons Hong Kong and Macau said that "From the first retail chain to enter Macau 20 years ago, Watsons has grown to become the largest personal care retailer in Macau with 12 stores and over 150 staff providing the widest range of health and beauty products at the greatest value to cater to rapidly increasing demand from both local consumers and overseas tourists."

Since July 2005, Watsons has invested over HK$20 million to revamp its Watsons outlets in Hong Kong and Macau, enhancing the overall shopping experience to fit the personal and unique demands of each individual customer. The new flagship store at Senado Square is Watsons' first major launch in 2006 in the region with an investment of over HK$5 million. It also represents a further strengthened partnership between Watsons and Shun Tak Group in developing the health and beauty market in Macau.

At today's shop opening ceremony, Ms. Pansy Ho, Managing Director of Shun Tak Group said "Over the years, Shun Tak Group has established a strong partnership with Watsons which is one of our most important business partners. Their presence not only lends new dimension to branding in Macau's retail industry but also complement the image of our retail properties. We have worked together with a unique goal to enhance the shopping experience of our customers."

Located in Macau's famed tourism and shopping area Senado Square, the 17,000 sq-ft. Watsons flagship store is spread over four floors, offering the first-in-the-market concept of a department store-cum-personal store. Overall, 15,000 high-quality health and beauty products and over 90 leading local and international brands are offered to meet every personal need for different customers from Macau, China and overseas.

Backed by Watsons extensive merchandising strategy that offers excellent product ranges and the latest new brands alongside market leading professional services and more contemporary, colourful and comfortable shopping environments, Watsons is continuing its commitment to deliver the best value to customers to help them look good, feel great and have fun!

To celebrate the shop opening and capture the increased sales opportunities of the upcoming Labour Day Golden Week in China, Watsons has introduced a number of special promotions including hot offers on tourists' favourite products, bulk pack ,numerous free gifts and coupons. Confectionaries, luggage, own label products across different categories. Besides, skin products, Chinese medicated oils and milk powder are all favourite genuine products among mainland tourists. Duty fee priced perfumes from Europe and over the world is also one of our products which are on great offers,

"Thanks to the booming economy and promising business prospects in Macau, Watsons recorded strong business growth of single digit in 2005. Foreseeing the huge potential expansion of retail business in Macau, particularly with the increasing arrival numbers of mainland tourists, Watsons will continue the plan to open at least another 10 stores in Macau,, in order to cope with the rising demands of mainland tourists and local residents.," added Mr. Dove..

Watsons has already had a visionary expansion plan for Macau to bring a world-class health and beauty shopping experience to customers and will create additional job opportunities in Macau.

Watsons expansion plan in Macau further strengthens its comprehensive retail network and reinforces its leading position as the number one health and beauty retailer in Asia. For an exceptional personal care store experience, visit Watsons Macau flagship store today!