Travel Retail News - Inside Retail Asia
After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korean duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked in huge revenues on the back of soaring tourists, mostly from China. …
Saha Group is opening a new wave of Lawson Thailand convenience stores in subway stations and airports.
Japanese tax-free store operator Laox plans to raise US$94 million to expand its activities in China and boost its e-commerce footprint.
Malaysian luxury and lifestyle retail specialist, Valiram has opened a duty-free store in the Jesselton Mall in Kota Kinabalu.
King Power Thailand has won extended exclusive rights to operate at three additional Thai airports for a further 10 years.
King Power Duty Free has bought a monopoly on duty-free business at Bangkok’s Suvarnabhumi airport for at least another decade.
The Changi Airport liquor & tobacco concession is up for grabs after DFS opted not to proceed with a two-year extension.
Retail and chemical giant Lotte Group is ramping up efforts to tap deeper into Southeast Asia and advanced economies, as sales in China, once its biggest overseas market, continue to fall. Industry sources told Yonhap that overseas sales of the conglomerate came to 8.9 trillion won (US$7.49 billion) in 2018, up 7.2 per cent from a year earlier. It marks a turnaround from a near 7 pe…
Incheon Airport duty-free tenders will be released in the fourth quarter of this year.
Burger & Lobster Singapore will open its first outlet, at Jewel Changi tomorrow.
WH Smith has widened its franchise partnership with King Power Group (Hong Kong) to Singapore.
Chinese tourist spending in Singapore was higher than in any other SEA country over Labour Day, says Alipay.