Wei ZhangFood
Lark Distilling Sales Rise 15% to $18 Million on Asia and Travel Retail Push
International revenue surged 69 per cent as the Tasmanian whisky maker expanded its distribution footprint across 10 Asian markets.
Tag
duty free
Every story tagged duty free on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged duty free
202 stories in this topic
Aiko TanakaGeneral
Explore More: China Boosts Tax-Free Shopping with 41 New Duty-Free Stores for Global Travellers
China is set to increase its appeal to international tourists by opening 41 new duty-free stores, as part of a broader initiative to stimulate tax-free shopping upon arrival. This new development was unveiled in a joint statement by five Chinese government…
Sarah ChenGeneral
CTG Duty Free Acquires DFS Retail Business, Expanding Luxury Travel Retail Footprint in Greater China
DFS, the global luxury travel retailer owned by LVMH and co-founder Robert Miller, has announced that it will sell its retail business across Greater China to the China Tourism Group (CTG) Duty Free. The deal includes the acquisition of DFS’ businesses in…
Maria SantosGeneral
Hyundai Duty Free Unveils AI-Driven Personalized Beauty Hub in Seoul: A New Era of Cosmetics Shopping
Hyundai Duty Free recently announced the launch of an artificial intelligence (AI) powered beauty analysis zone at its Trade Centre location in Seoul, South Korea. The innovative space, known as ‘AI Beauty Trip’, offers customers unique, personalized skincare…
Wei ZhangGeneral
Shinsegae Duty Free to Exit Incheon Airport’s DF2 Zone Amid Rising Losses: A Strategic Shift or an Economic Warning?
Shinsegae Inc, a major retail conglomerate in South Korea, announced on Thursday that it plans to shut down its duty-free business unit in Incheon International Airport’s DF2 zone. This decision has been prompted by growing losses. Motivation Behind the…
Maria SantosGeneral
Pop Culture Meets Travel Retail: Pop Mart Unveils First Middle Eastern Store at Qatar’s Hamad International Airport
Qatar Duty Free has embarked on a collaboration with Chinese collectibles company Pop Mart to unveil the brand’s first Middle Eastern store. This partnership marks a novel blend of travel retail and pop culture experiences. Unveiling Pop Culture at Hamad…
Sarah ChenGeneral
Trump Ends Duty-Free Exemption for All Foreign Packages Starting August 29th: What Shoppers Need to Know
In a significant shift in U.S. trade policy, the Biden administration has announced that duty-free shipping for low-value commercial packages from all countries will be suspended effective August 29. This move, aimed at curbing the influx of fentanyl…
Minjun ParkGeneral
Trump Announces Suspension of Duty-Free Exemption for Foreign Packages Starting August 29
In a significant development for international shipping, duty-free shipments to the U.S. for low-value commercial packages will come to a halt for all countries starting August 29, according to an announcement from the White House on Wednesday. This decision…
Sarah ChenGeneral
Shinsegae Duty Free Unveils Stunning Renovation of 11th Floor at Myeongdong Flagship Store
Shinsegae Duty Free has unveiled a revitalized 11th floor at its flagship Myeongdong store, highlighting South Korea’s vibrant culture and its appeal to global travelers. This extensive renovation has culminated in an impressive collection of over 100…
Maria SantosGeneral
King Power revamps Bangkok airport retail precinct
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…
Maria SantosFashion
Cartier opens Sanya flagship
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…
Minjun ParkGeneral
South Korean duty-free operators ‘desperate’ amid protracted pandemic
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…
Sarah ChenGeneral
King Power Thailand sales axed 50 percent
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…
Minjun ParkReal Estate
DFS Group starts winding down Changi Airport liquor business
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…
Minjun ParkGeneral
Coronavirus to wipe US$8.3bn off Asia-Pacific duty-free sales
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…
Sarah ChenReal Estate
Lotte Duty Free to build Sydney CBD flagship
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…