Thailand to close inbound duty free stores to encourage domestic spend
Thailand’s government has announced that it intends to shut down duty free stores in international arrivals zones in airports in a bid to encourage tourists to spend in local retail stores instead.
TFWA World Conference announces Hillary Rodham Clinton as keynote speaker
TFWA has announced that former US Secretary of State, Hillary Clinton will take to the stage for a keynote conversation at its 2024 TFWA World Conference. She will explore the ever-evolving global political landscape and the trends impacting the geopolitical environment, and in turn, travel retail.
L’Oreal TR MD joins IAADFS Board
The International Association of Airport and Duty Free Stores (IAADFS) has named a L’Oreal Travel Retail executive to its Board of Directors. Julia Seve, Managing Director of L’Oreal’s Travel Retail Americas unit, is the fourth supplier member to join.
Hey big spender! Hainan sales break records over Lunar New Year
China’s Hainan province reported record sales over the Lunar New Year holiday with shoppers spending some CNY2.49 billion over the 8-day break, up 60 percent yoy. Average spend stood at CNY8,358.
Heinemann Buys Out JR/Duty Free
Gebr. Heinemann has acquired full ownership of JR/Duty Free Israel by purchasing the remaining shares from James Richardson Group (JR/Group) in a joint venture that began in 2018.
An all-time record: Dubai Duty Free’s FY2023 sales surge 24.39 percent
Dubai Duty Free has announced an all-time sales record of DHS7.885 billion for 2023, up 24.39 percent over the previous year. Compared to pre-pandemic results in 2019, sales rose 6.4 percent.
Qatar Duty Free announces two executive hires
Qatar Duty Free has named Grant Fleming as Vice President, Food & Beverage and Nuno Moreira as Vice President, Strategy & Commercial, effective immediately.
CDFI launches shopper reward program
China Duty Free International has teamed up with UnionPay International to launch a shopper reward program. The All-in-One Shopping Rewards scheme is a cross-border promotion available in Hong Kong, Macau and Cambodian stores.
Puig unveils new travel retail hub for the Americas
Puig is said to have cut the ribbon on a travel retail hub for the Americas region in Miami.
Nice Cote d’Azur to renew entire retail offer
Nice Cote d’Azur Airport has issued a call for tenders covering its entire commercial offer, split between its three terminals dedicated to scheduled and business flights.
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