By  on November 25, 2009

PARIS — A.S. Watson Group on Tuesday opened a Watsons Your Personal Store in Shanghai, marking the chain’s 500th location in Mainland China. The debut is a significant landmark in ASW’s two-year plan to have 1,000 stores there and more than 10,000 globally, the company stated.

“Despite the global economic recession, we managed to maintain our growth momentum while having tight control on costs,” said Dominic Lai, group managing director, at the opening of the Watsons location in Mall 818, according to an ASW statement. “In the first six months of this year, we achieved a like-for-like positive sales growth of 4 percent in a market context which remains challenging, especially in some parts of Europe. I am pleased to see that, in many places, our growth rate exceeds that of the market.

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