Tag Archives: Travel Retail

What does travel retail experience look like?

shilla-beauty-loft

(Source: Retail In Asia | April 20, 2018) With the news that South Korean gateway is number one airport duty free sales location worldwide, it comes as no surprise that many brands and businesses are continuing to include travel retail as a key part of their growth strategy. After all, the travel retail space offers something no other retail environment can. ...

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Asian duty-free sales plunge

Young Woman hold with shopping bag showing duty free

(Source: Inside Retail Philippines | 29 September 2016) Asian duty-free sales took a hit last monthin the worst decline this year. Data from tax refund specialist Global Blue shows tax-free in-store sales plunged 13 per cent in value year-on-year last month after a July that maintained the status quo. While there were 25 per cent more transactions last month, the ...

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Asia driving ‘significant’ growth in airport retail

Airport Retail

(Source: Inside Retail | 3 August 2016) Asia is driving “significant growth” in the global airport retail market, according to a new report from Credence Research. This is based on the increasing disposable income of middle-class families in emerging countries coupled with affordable travel options, says the report, Airport Retail Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022. ...

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Global duty-free retailing to hit US$98 billion

Shopping at airport

(Source: Inside Retail Asia | 26 February 2016) Global duty-free retailing is expected to reach nearly US$98 billion in revenue by 2019, according to a new study by global technology research and advisory company Technavio. With the expansion of low-cost airlines, many middle-class travellers are taking inexpensive holidays, a trend that has helped the Asia Pacific and Middle East emerge ...

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SSI enters travel retailing

SSI

(Source: Philippine Daily Inquirer, by Doris Dumlao-Abadilla | August 13, 2015) Specialty retailer SSI Group Inc. has entered the travel retailing business with the acquisition of a 50 percent stake in a company specializing in travel retail concepts. SSI has bought into Landmark Management Services Ltd. – which has existing supply and management agreements with travel retail stores in the ...

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Siam Piwat eyes tourists

Siam Piwat Co Ltd Siam Center

(Source: Bangkok Post | July 3, 2015) Siam Piwat Co, the operator of Siam Center and Siam Paragon, is competing head-on with other Asean retail operators to attract foreign tourists to spend at their malls. The company has formed a strategic partnership with GlobePass, an Asia-Pacific alliance network of financial institutions with 33 million members worldwide. Siam Piwat also plans ...

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Work on retail zone set in ’15

GMR-Mactan-Cebu-International-Airport-Philippines-showcase

(Source: Sun Star | By Katlene O. Cacho) MR-Megawide Cebu Airport Corp. (GMCAC) is eyeing construction of the airport’s new retail zone in June this year. Estee Marie Patiño-Plunket said that GMCAC is looking at improving the design and locations of retail outlets in the airport, using a travel retail concept that will allow not only international brands but also homegrown ...

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