The disparity reflects a decrease in the previously dominant bulk reseller business into China.…
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Op-ed: The past, present and future of the South Korean duty-free industry
A travel retail veteran assesses the Korean duty-free industry’s state of health.…
Korean duty-free sales surge in January amid last-minute rush pre-daigou regulation changes
Duty-free retail sales reached USD1.2 billion in January, up +21.7 percent month-on-month.…
Overseas shopping and evolution of ‘daigou’ set to impact Chinese luxury consumption
As Chinese luxury consumption continues to evolve, two significant factors will shape its trajectory: overseas shopping and the ‘daigou’ phenomenon.…
The Shilla Duty Free profits surge despite revenue decline
Hotel Shilla’s fourth-quarter travel retail revenues decreased by 38 percent year-on-year to KRW608.5 billion (USD454 million). However, operating profits surged 98 percent to KRW25.2 billion (USD18.8…
Korean Duty-free sales hit another monthly record
Duty-free sales set a record in February, in part due to holidays that fell during the month, according to data provided by the Korea Duty Free Shops Association.…
Daigou business strong as Chinese arrivals to South Korea surge
The travel retail sector got off to a strong start in January as Chinese and Japanese visitor numbers surged.…
South Korean duty-free sales are back on track
Local duty-free sales are likely to set a new annual record this year despite Chinese group tour traffic not having fully recovered.…
China’s 300-billion Daigou business: What’s next after the government crackdown?
As aftershocks of the clampdown on Daigous continue to reverberate through the luxury shopping community in China, e-commerce platforms are rising to fill the gap.…
Why is Kering buying its shares back?
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.…