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Retail Asia06/04/2022

King Power is set to unveil a revamped store at Suvarnabhumi airport today, building on its collaborations with global luxury brands. Aiyawatt Srivaddhanaprabha, chief executive of King Power Group, said his company was ready to welcome international travelers while also enhancing the airport’s reputation as a regional aviation hub. “On April 1, King Power is […]

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Retail Asia06/10/2020

Cartier has teamed up with China Duty Free Group to unveil its new-look boutique at Sanya International Duty-Free Shopping Complex. The Cartier Sanya boutique features an activation pad, which plays a “central” role in the concept, bringing the boutique “to life” for new launches and gatherings. In the brand’s first-ever rollout of a new waiting lounge concept, guests at […]

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Retail Asia22/09/2020

Stung by the protracted new coronavirus outbreak, South Korean duty-free operators are struggling to overcome the industry-wide slump with belt-tightening measures, including increasing the number of closing days at some outlets in major local cities and cutting their overseas operations. Industry leader Lotte Duty-Free began closing its outlets at Coex in southern Seoul and the southeastern port […]

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Retail Asia29/07/2020

Thai duty-free retailer King Power is anticipating a drop in sales revenues of 50 percent in the wake of the coronavirus pandemic. The firm has attempted to drum up business while international travel is largely frozen via an online sales strategy, but it has not been able to offset the steep fall in business with […]

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Retail Asia19/05/2020

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DFS Group will close all of its stores at Changi Airport on June 8 as its 35-year tenure as wine and spirits concessionaire comes to an end. With two of Changi Airport’s four terminals now mothballed in the wake of the Covid-19 crisis, and the number of travelers passing through the remaining ones at a […]

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Retail Asia09/03/2020

The coronavirus outbreak has substantially altered forecasts for Asia-Pacific duty-free sales this year, according to research firm GlobalData. Takings were originally forecast to reach US$43.4 billion by the end of the year. New calculations show the outbreak will likely cost the industry $8.3 billion off that figure. Globaldata now expects Asia-Pacific duty-free sales to reach […]

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Retail Asia17/02/2020

Lotte Duty-Free is to open a flagship store in Sydney’s CBD early next year, planning to tap into the 4 million visitors to the city each year. The three-level 3000sqm store will be built by Mirvac on a prime site at the corner of Pitt and Market Streets. It will stock beauty and skincare brands, […]

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Retail Asia03/02/2020

Proposed changes to India’s duty-free purchase limits may dent the country’s duty-free market growth prospects, says GlobalData. The country’s Commerce and Industry Ministry plans to limit duty-free alcohol sales to inbound travelers to one bottle or one liter per person – half the current limit – and to ban all sales of tobacco products. The […]

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Retail Asia18/12/2019

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Travel retailer The Shilla Duty-Free has launched a raft of new brands at its Changi Airport health-and-beauty concessions, marking its fifth anniversary in Singapore. The new brands are on display at a refreshed retail space at the Terminal 3 Departure Check-in Hall store (in the public area) which features a modern, tropical look, with earthy […]

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Retail Asia05/12/2019

International travel retailer The Shilla Duty-Free has partnered with men’s luxury accessories brand Montblanc to unveil a new standalone boutique concept at the Hong Kong International Airport (HKIA). The new boutique concept is The Shilla Duty-Free’s latest approach to rejuvenate its fashion and accessories offer, aiming to provide an accessible luxury experience. In homage to […]

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Retail Asia26/11/2019

Duty Free Philippines Corporation has opened a new downtown duty-free store called Duty Free Luxe at the Mall of Asia in Pasay City. Duty-Free Luxe offers high-end brands across categories including fashion, cosmetics, fragrance, confectionery, wine and spirits. It also houses an all-Filipino concept store Marahuyo, which sells curated high-end local brands, including the luxury […]

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Retail Asia12/11/2019

The Shilla has won the race to operate one of the two Macau duty-free concessions at the territory’s international airport. The five-year agreement allows the firm to operate half the airport’s duty-free space, a roughly 1122sqm area at the north departure level airside of the passenger terminal. The firm has run some duty-free services at […]

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Retail Asia05/11/2019

Changi Airport Group has awarded its liquor & tobacco concession tender to Lotte Duty-Free. The company will succeed DFS Group when the concession contract expires next year. The awarding of the liquor & tobacco concession ends a fierce contest between some of the world’s leading travel retailers, including Gebr Heinemann and The Shilla Duty-Free. Changi […]

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Retail Asia16/08/2019

Pola will open its first airport duty-free store outside Japan at The Shilla Duty-Free Changi Airport Store in a move to strengthen its brand presence in the global market. Pola is accelerating efforts to open new stores, primarily in ASEAN countries, so as to expand its travel-retail business outside Japan. Pola counters are centered around […]

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Retail Asia05/08/2019

Online store sales at Lotte Duty Free (LDF) increased by 49 percent year on year to KRW1.4 trillion (US$1.85 billion) during the first half of this year. The firm is targeting total online sales of KRW2.9 trillion ($2.46 billion) by the end of the year, following around KRW2 trillion in sales last year – an […]

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Retail Asia18/07/2019

After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korean duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked in huge revenues on the back […]

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Retail Asia01/07/2019

King Power Thailand has won extended exclusive rights to operate at three additional Thai airports for a further 10 years. The firm won tenders for Phuket, Chiang Mai and Hat Yai airports, just a week following a win at the country’s main international airport at Suvarnabhumi near Bangkok. The contracts were subject to some criticism […]

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Retail Asia24/06/2019

Hopes of opening up the duty-free and retail monopoly at Bangkok Suvarnabhumi airport have been dashed after Airports of Thailand (AOT) announced the incumbent operator had lodged the highest bid to retain the business. While still subject to final ratification by the AOT board, King Power has effectively bought a monopoly on duty-free business at […]

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Retail Asia13/06/2019

Incheon Airport duty-free tenders will be released in the fourth quarter of this year. The airport, thought to be the world’s most lucrative for retail, has committed to a fair-tender process for both international and local retailers seeking spots in its Terminal 1 building. Almost all Terminal 1 duty-free concessions are scheduled to expire in […]

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Retail Asia03/04/2019

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South Korean travel retailer Lotte Duty Free is expanding into Oceania with the ambition to be the leading operator in Australia and New Zealand by 2023. The firm’s entry into the territory began with a grand opening ceremony at one of its new Australian stores at Brisbane Airport. The second biggest travel retailer in the […]

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