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Kim Bum Ho, Deputy Executive Director of IIAC’s Commercial Marketing Group, said this morning that although Incheon Airport has planned to issue its T2 tender on schedule [in the first week of December], there could be a delay if the debate surrounding a…
Korean duty-free stores newly opened in Seoul are losing money as heavy marketing costs erode profits. A review of financial documents from the major players show heavy competition is taking its toll on all players. Five duty-frees stores opened new shops in…
Increasing numbers of Chinese tourists are travelling alone – and retailers in Asia seeking to cash in on their growing spawning power need to find ways to embrace the trend. Traditionally, Mainland Chinese tourists have travelled in groups – sold packages…
Korea’s first Moynat Boutique has opened inside the Shilla Hotel in downtown Seoul. The French luxury bag and luggage brand, bought by LVMH in 2011, has been expanding its international network in recent years, and now boats full-scale ‘maison’ stores – or…
Hotel Shilla has described Phuket as an eventual “crown jewel” of Thai travel-retail after confirming it is to open its first overseas downtown duty-free shop on the island with a local partner in the second half of the year. While the exact size of the store…
Two international airports in are set to review operational licenses for South Korea duty free shops. But the upcoming bids are unlikely to become competitive due to sluggish profitability, industry sources told Yonhap on Wednesday. Gimpo International…
South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese tourists during a long-haul holiday season, pinning their hopes on making up for a summer slump in the wake of a viral respiratory illness,…
After four months, Korean travel retail Giant Shilla has completed its takeover and renovation of the duty free retail offer at Singapore’s Changi Airport. Shilla Singapore now boasts 182 brands across the three terminals – about 80 of which are available at…
