Watsons Philippines, the joint venture company between AS Watson Group and SM Prime Holdings Inc., eyes to build 90 more stores in 2025 on top of the 80 stores set for opening this year.
In a press briefing, Sharon Decapia, senior assistant vice president for marketing communications, PR and sustainability said the expansion would focus on the community formats to reach out to more customers.
She added Watsons Philippines is growing double-digit the past five years. The Philippines is one of the fastest markets for Watsons globally.
Decapia did not disclose revenue figures but said big format stores like those in SM North EDSA, SM Megamall and SM MOA average P1 million in sales per day.
The Philippines also hosts the milestone 8,000th store globally, located in Mall of Asia.
Watsons currently has 1,100 stores nationwide in various formats.
Jared de Guzman, customer director, said Watsons has also been expanding its online channels and has introduced innovations like Click & Collect and Self-Checkout as part of its Offline+Offline strategy.
De Guzman said Watsons is also committed to bring more pharmaceutical and health and wellness products as it grows its consumer base.
Watsons has 16 million members and attracts 100,000 customers daily.
De Guzman said the company is also actively expanding its sustainable choices product lineup to provide more eco-conscious options. It has offerings in Clean Beauty, Better Ingredients, Refills, and Better Packaging solutions.
Watsons plans to transition all stores to plastic-free packaging by 2025, in compliance with the Extended Producer Responsibility Law.
