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Korean duty-free shops are reviving their once-stagnant sales, with Lotte, Shilla and Shinsegae leading the turnaround. According to the Korea Customs Service on Saturday, duty-free sales in the first half of the year reached 9.94 trillion won ($8.79…
China Duty Free Group (CDFG) has announced Sunrise Duty Free, in which it holds a 51% share, has won a tender to operate duty-free across Shanghai Hongqiao International Airport and Shanghai Pudong International Airport for a seven-year period. The tender was…
For a brief window, customers at Saks Fifth Avenue can see beauty’s past and — the department store chain hopes — its future. Starting Tuesday, shoppers entering the chain’s Manhattan flagship will walk through the original beauty floor, a dark enclave of…
South Korea has maintained a dominant share of the global duty-free market, despite its recent political turmoil. According to a GlobalData report, with a 22 per cent share of sales, South Korea is the world’s largest duty-free market, which reached a sales…
Surging Chinese and Russian visitor numbers suggest a strong future for Korean travel retail giant Lotte Duty Free’s new store at Cam Ranh International Airport in Nha Trang, opened on 30 June. As reported, Lotte Duty Free has been awarded an exclusive…
Shinsegae Duty Free and The Shilla Duty Free will fight out the contest for two Incheon International Airport Terminal 1 duty free contracts on offer, despite rival Lotte Duty Free tabling the highest bids in each case. The tenders followed incumbent Lotte…
Retail giants like Lotte and Shinsegae don’t have to worry about getting their duty-free licenses renewed every five years anymore. A task force on improving duty-free regulations decided on Wednesday to propose the government extend duty-free licenses for…
uty Free Philippines Corporation (DFPC) plans to open a luxury store at the SM Mall of Asia complex in Pasay City next month, plus an outlet at Ninoy Aquino International Airport in Manila. DFP Luxe Store at SM and Landslide Store at the airport’s Terminal 3…
International Airport has reported a retail revenue increase of 12.7% to A$331.m ($260m) in its full year 2017 results. The strong retail performance reflected the Terminal One International luxury precinct’s (which offers luxury lifestyle speciality retail…
Lotte Group, parent of the country’s leading travel retailer Lotte Duty Free, is reeling from the shock jailing of its Chairman Shin Dong-bin on 13 February 2018. Following a Seoul Court’s guilty verdict and simultaneous sentencing of 2 1/2 years in jail to…
Sales to foreigners at South Korean duty-free stores reached a record high in December, industry data shows. But that comes despite a sharp drop in the number of tourists, following a diplomatic spat between Seoul and Beijing over a US anti-missile system.…
With its new second store at Incheon International Airport (IIA), Shilla Duty Free says it now has cosmetics and perfume outlets at all passenger terminals in Asia’s three largest airports. The South Korean duty-free retailer says it has shops at all four…
CDF-Lagardère (CDFL), the joint-venture from China Duty Free Group (CDFG) and Lagardère Travel Retail, which won the contract to operate the duty-free liquor and tobacco stores at Hong Kong International airport (HKIA) has revealed initial performance of its…
DFS Group, the world’s leading travel retailer, is excited to announce its new partnership with prestigious luggage brand RIMOWA. Known for its sleek suitcases with their distinctive hard-shell grooved exteriors in traditional aluminum or high-tech…
The Shilla Duty Free has unveiled its 1,375 square meter beauty store in Singapore Changi Airport’s newly-opened Terminal 4. It is the biggest among all the Shilla Central stores at Changi and is part of the airport’s first integrated duty free zone, which…
Travel booking platform Klook has signed a memorandum of understanding with Korea’s Lotte Duty Free Shop to attract more travelers to South Korea by offering shopping deals. Shopping ranks as the top activity for 67.2 per cent of tourists in Korea, according…
