Articles tagged “duty-free”

Luxury Beauty Brands Make Over Airport Retail

Luxury Beauty Brands Make Over Airport Retail

Laura Powell, Skift

Duty-free airport retail is an excellent way to reach coveted consumers. But airports also serve as the perfect global showcase for brands to test market products, try out new retail concepts, and build brand awareness among customers from emerging countries.

1 month ago

Travel Fares Better Than Bling in China’s Giant Shopping Spree for Lunar New Year

Travel Fares Better Than Bling in China’s Giant Shopping Spree for Lunar New Year

Daniela Wei and Bruce Einhorn, Bloomberg

The flaccid China economy and trade war concerns are weighing in on Chinese consumption decisions, but the good news is travel companies are better placed than those that sell bling or moutai. Here's a look at winners and losers this Lunar New Year.

4 months ago

400 Million Chinese Will Be Traveling During Lunar New Year

400 Million Chinese Will Be Traveling During Lunar New Year

Daniela Wei and Bruce Einhorn, Bloomberg

Despite the economic uncertainties in China, more people are expected to travel both domestically and internationally during the Lunar New Year holiday. Sure, downturns will definitely hurt the sector — but as someone at InterActiveCorp/Expedia once said, travel is life.

5 months ago

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.

2 years 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.

2 years 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.

5 years ago