Articles tagged “duty-free”

The Shifting Strategies of Luxury Duty-Free Retailers

The Shifting Strategies of Luxury Duty-Free Retailers

Laura Powell, Skift

With competition from online retailers rising, airport duty-free shops selling luxury goods need to up the ante. Some methods they are using seem to be successful, while others may start annoying potential customers.

1 year ago

Chinese Travelers Love Duty Free and That’s Creating Big Revenue for Airports

Chinese Travelers Love Duty Free and That’s Creating Big Revenue for Airports

Andrew Janes, Bloomberg

Chinese travelers' love of duty free is not just creating a bonanza for Chinese airports. Chinese passengers are buying so many goods at stores in North America, Europe and Australia that many retailers are designing shops to cater to them.

1 year ago

Billionaire Bets That Duty-Free Sales Will Grow as Automation Frees Workers to Travel More

Billionaire Bets That Duty-Free Sales Will Grow as Automation Frees Workers to Travel More

Thomas Mulier, Corinne Gretler, Bloomberg

Johann Rupert, a billionaire, forecasts that one day workers will be displaced by robots and software and will have plenty of free time to travel. Maybe so. But it seems early to be investing in Dufry, a duty-free company, in the hopes of growth.

2 years ago

United Airlines Gives Up on Duty Free

United Airlines Gives Up on Duty Free

Brian Sumers, Skift

Perhaps it's fitting that United is dropping its duty free program in the same year it is retiring its Boeing 747s. Both harken back to a different time in aviation.

2 years ago

Dubai Airport Duty-Free Cut Prices Because of Brexit and Chinese Travelers

Dubai Airport Duty-Free Cut Prices Because of Brexit and Chinese Travelers

Deena Kamel Yousef and Yousef Gamal El-Din, Bloomberg

Dubai Duty-Free felt that price cuts were the best option to compensate for a weaker pound since Europeans are a significant slice of the business. But in the process, it created a bunch of sale signs for Chinese travelers who are spending more during their trips.

2 years ago

Southern Europe Just May Save Airport Duty Free Sales This Year

Southern Europe Just May Save Airport Duty Free Sales This Year

Corinne Gretler, Bloomberg

Although Dufry certainly wouldn't explain it this way, duty free sales are a benchmark for what people will spend on goods when they're feeling positive — otherwise they definitely wouldn't be buying perfume, chocolates, cigarettes, and liquor.

3 years ago

Dufry to Acquire Control of World Duty Free for $1.4 Billion

Dufry to Acquire Control of World Duty Free for $1.4 Billion

Marco Bertacche Tommaso Ebhardt Manuel Baigorri , Bloomberg

Together with holdings such as Hudson News, Dufry's acquisition of World Duty Free gives it about a quarter of the global market share of airport retail.

4 years ago

Duty Free Rivals Have Their Sights on Benetton’s Airport Business

Duty Free Rivals Have Their Sights on Benetton’s Airport Business

Aaron Kirchfeld, Tommaso Ebhardt and Corinne Gretler, Bloomberg

Airport retail is booming in emerging markets and set for an overhaul in established markets, meaning that the industry is well-positioned for expansion.

4 years ago

Delta Drops In-Flight Duty-Free Business

Delta Drops In-Flight Duty-Free Business

Marisa Garcia, Skift

Delta's decision not to replace the vendor raises the question of whether its passengers will notice, or care enough, to get the airline to change its mind. This might be the perfect test-case for the true appeal of duty-free.

4 years ago

What Airports and Airlines Must Learn From the Retail Industry

What Airports and Airlines Must Learn From the Retail Industry

Samantha Shankman, Skift

By following retail trends and empowering flyers to make purchases via mobile devices and self-service kiosks, airports will increase sales and boost customer satisfaction -- a win-win for all.

5 years ago

How Duty-Free Booze Business Is Helping Make Air Travel Easier

How Duty-Free Booze Business Is Helping Make Air Travel Easier

Marisa Garcia, Skift

Security of aviation is of the utmost priority, but so is ensuring the convenience of flying in the long term. If the economic pressure to liberalize the sale and transport of Duty-Free items has helped fund and fuel these initiatives, then we can all drink to that.

5 years ago

How Airlines and Airports Will Use Tech to Boost Retail

How Airlines and Airports Will Use Tech to Boost Retail

Marisa Garcia, Skift

Passengers will likely spend more, but many of them will appreciate this as long as its seamless.

5 years ago