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Tag: Travel Retail

Retail Asia22/11/2018
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Fashion

65% jump for Lotte Duty Free’s overseas sales

2min0
South Korean retail giant Lotte’s duty-free operator Lotte Duty Free posted a rapid hike in overseas sales in its quarterly performance report. According to the company, sales for the third quarter this year hit a record-high 4.1 trillion won (US$3.6 billion), a 25 percent on-year increase. The sales from its downtown city stores and its overseas stores […]
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Retail Asia21/11/2018
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Fashion

Shilla Travel Retail Hong Kong appoints new MD

2min0
The Shilla Duty Free has appointed a new MD of its Hong Kong operations. Changha Shin takes over the helm of Shilla Travel Retail Hong Kong this week after the surprise departure of Alice Woo. Woo built the business up after becoming its first employee last year when the Korean-owned travel retail company secured major […]
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Retail Asia21/11/2018
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Fashion

Duty-free sales may hit all-time record this year

3min0
Korea’s duty-free sales are likely to set a new annual record this year despite Chinese group tour traffic not having fully recovered.  According to the Korea Duty Free Shops Association, duty-free store operators made $1.44 billion in October, a 28.6 percent increase year on year. This takes Korea’s total duty-free revenue between January and October […]
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Retail Asia13/11/2018
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Living

Vietnam’s Vietjet valued second in Southeast Asia

2min0
Vietnam’s largest private airline, Vietjet Aviation, is the second most valuable airline in Southeast Asia by market capitalization. Vietjet’s value is only behind Singapore Airlines, as reported last Thursday. Last Friday, the airline was valued at $3.02 billion while Singapore Airlines topped the region at $8.29 billion. On Thursday, Vietjet Air launched a new international route […]
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Retail Asia08/11/2018
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Living

Asiana Airlines net profit jumps up 181% in Q3

2min0
Asiana Airlines, Korea’s second-largest airline by sales, said on Tuesday that its third-quarter net profit skyrocketed 181 percent on improved financial status. Net profit in the July-September period came to 47.8 billion won ($42.5 million), up from 17 billion ($15 million) won a year earlier on a consolidated basis, the company said in a statement. […]
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Retail Asia05/11/2018
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Living

Marriott International Wins AON Best Employer in APAC

5min0
Marriott International has once again been crowned Best Employer Asia Pacific by Aon plc (NYSE: AON). The company was also recognized as Aon Best Employer in 17 markets across APAC – an increase in four markets from last year. The accolades are testament to Marriott International’s commitment to its people and its active encouragement for […]
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Retail Asia05/11/2018
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Living

Centara listed in Thailand Sustainability Investment (THSI) 2018 for Sustainability Performance Excellence

3min0
Centara Hotels & Resorts (CENTEL), Thailand’s leading hotel operator, was categorised a “Thailand Sustainability Investment (THSI)”, an annual recognition for listed companies that operate with responsibility for Environmental, Social and Governance (ESG) aspects. The THSI list aims to recognise and motivate companies for their efforts towards sustainability, while offering investors an alternative investment in high-performance ESG […]
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Retail Asia05/11/2018
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Living

Vietjet to finalize $6.5 billion Airbus order: sources

5min0
Vietjet is set to finalize a $6.5 billion jet order with Airbus ​during a visit to Hanoi by French PM Edouard Philippe on Friday. The order for 50 A321neo jets is part of an aggressive investment in the Vietnamese fast-growing budget carrier Vietjet’s fleet that has provided lucrative business for both Europe’s Airbus and its U.S. […]
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Retail Asia02/11/2018
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Living

First duty-free space in Hyundai Department Store

6min0
South Korea’s retail conglomerate Hyundai Department Store Group opens its first duty-free store at its branch in Samseong-dong, southern Seoul, on November 1 as a newcomer into the lucrative duty-free race dominated by two other retail names, Lotte and Shinsegae. The new 14,250-square-meter duty-free store will open inside Hyundai Department Store’s Trade Center branch in Samseong-dong, an affluent […]
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Retail Asia31/10/2018
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Research

Airport Retailing Consumer Electronics Market Witnessing a 2x Increase in Consumer Electronics Sales across SEA; India Most Lucrative

6min0
The airport retailing consumer electronics market is foreseen to expand at a significant pace with global revenues crossing US$ 1,700 Mn in 2017, according to a new study. Traditionally pervasive as transportation service facilities, airports are now witnessing an influx of retail outlets for consumer electronics products. The shift in customer perspective toward airports as […]
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Retail Asia29/10/2018
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Living

AirAsia X load factor, passengers up in Q3

2min0
AirAsia X Bhd reported a 1% growth in the number of passengers carried to 1.51 million for the third quarter of 2018 against 1.50 million in the same period last year. Its load factor was also 1 percentage point higher at 80% from 79%, according to the long-haul low-cost carrier’s statement. However, AirAsia X Malaysia’s […]
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Retail Asia24/10/2018
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Living

Vietjet and Japan Airlines to Commence Code share Ticket Sales

2min0
New-age airline Vietjet and Japan Airlines (JAL) has announced that both carriers` will begin sales of their codeshare flights starting Tuesday, 23 October 2018. This follows a formal partnership agreement between both parties in 2017, in which Vietjet and JAL signed a Memorandum of Understanding for commercial cooperation. The two airlines now offer codeshare flights […]
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