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…
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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.…
9 month success for South Korean duty free sales
South Korean duty free sales in the first nine months of 2018 have reache an all times high as they exceeded total sales for 2017.…
Connecting Australian suppliers with Chinese consumers
AuMake, a company that specialises in connecting Australian suppliers with Chinese consumers, has launched Australia’s first dedicated retail hub for ‘daigou’ shoppers.…
China’s personal shoppers are cashing in
The ‘daigou’ business in China has boomed in recent years, accounting for RMB 34 billion to RMB 50 billion ($5 billion to $7.4 billion) in global sales last year, according to a report fro…
Chinese e-commerce startup GDFS targets travel retail growth
GDFS, which describes itself as travel retail’s first membership-based global vertical e-commerce company, has outlined bold growth ambitions for the channel.…