Inside Retail Asia latest duty free news and business trends within the travel retail industry.

Travel Retail News - Inside Retail Asia

Pierre Herme opens its first Japanese store with Lagardere Travel Retail

French pastry chef and chocolatier Pierre Herme has partnered with Lagardere Travel Retail to open the first of several food & beverage concept stores in Japan.

Suning to shut half of its Laox store network in Japan

Japanese electronics retailer Laox is to shut half of its stores in Japan as its customer base dried up due to Covid-19 social-distancing.

China stands out in tough LVMH first half year

China proved a standout market in every product category for luxury-goods retail group LVMH in the first half year.

King Power Thailand sales plunge 50 per cent

Thai duty-free retailer King Power is anticipating a drop in sales revenues of 50 per cent in the wake of the coronavirus pandemic.

Staycation theme for luggage label Lojel’s new K11 Musea pop up

Boutique lifestyle travel brand Lojel has launched an immersive pop-up store in Hong Kong’s K11 Musea, focusing on the concept of staycations.

Havaianas invests $US50 million in Asian expansion plan

Undeterred by the advent of Covid-19, Brazilian flip-flop brand Havaianas is investing US$50 million into expansion of its retail footprint across Asia-Pacific between now and 2024.

Changi Airport and Jewel retailers resume operations

More than 80 per cent of restaurants and retail outlets have resumed operations at Singapore’s Changi Airport and colocated Jewel Changi shopping centre, as the city entered phase 2 of its reopening.

Malaysian mall launches domestic tourism promotion to lure shoppers

Malaysian mall operator Sunway is launching a campaign to boost domestic tourism and retail spending.

Asia-Pacific luxury-goods market tipped to shed US$2.1 billion this year

The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as consumers switch from big-ticket items to affordable luxury.

Hong Kong Airport extends relief to retail tenants

Hong Kong airport is extending its relief package to tenants and other stakeholders in recognition of the prolonged impact of the coronavirus pandemic.

China’s Wangfujing Group wins duty-free license

Wangfujing Group has been granted a license for duty-free retail by the Chinese administration.

Lotte takes over concessions at Singapore’s Changi airport

South Korean duty free retailer Lotte has formally taken over the liquor and tobacco concessions at Singapore’s Changi Airport from DFS Group.