Tag Archives: Travel Retail

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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