Incheon International Airport says it expects annual duty free sales to reach US$2billion once again in 2017 following the complete remodelling of its 2,753square meter luxury boutique street.…
Incheon International Airport says it expects annual duty free sales to reach US$2billion once again in 2017 following the complete remodelling of its 2,753square meter luxury boutique street.…
Lotte Duty Free, South Korea’s top duty-free operator, said it has set up a new outlet at a Vietnamese airport, making a foray into the Southeast Asian market.
Lotte clinched a joint venture dea…
Despite concerns of economic retaliation from China, sales at duty-free stores in April rose slightly over last year. Korea Customs Service said revenue at local stores reached 1 trillion won ($8.9 bi…
An attempt to lease out the remaining duty-free store licenses by tender at the new terminal at Incheon International Airport has failed again, as no duty-free operators made a bid.…
The row with China over the deployment of a U.S. missile defense system hurt the latest bidding process for new duty-free shops due to open at South Korea’s largest airport, industry sources sai…
Airport Authority Hong Kong (AA) has awarded its duty free liquor & tobacco concession to the CDF-Lagardère Company Limited (CDF-Lagardère) joint venture, and the perfumes & cosmetics &…
Hyundai Department Store Group has revealed that it plans to open a new 14,005sq m duty-free store in the Convention and Exhibition Center (COEX) in Samsung-Dong (Kangnam area) in December.…
Chinese passengers are the most digital-savvy consumers when it comes to travel retail, using online portals to research products and make price comparisons even before reaching the airport.…
Sales at South Korea’s department stores in December rebounded from November on year-end gift purchases, trade ministry data showed on Monday, while sales for the whole year ended on a positive …
The Korean duty free market surged by 33.5% year-on-year in 2016 to KW12.2 trillion (US$10.5 billion), according to new figures from Korea Customs Service.…