Asia Pacific
Pre-crackdown daigou rush sees South Korean duty-free sales spike in December but profitability crisis deepens
In the so-called Land of the Morning calm, circumstances in the duty-free market are anything but serene. And while sales saw a sharp month-on-month spike in December, heavy retailer losses are currently the name of the game.
Rituals Cosmetics records €2.1 billion in revenues for 2024, with sales growth led by Europe and Asia
The wellbeing house opened 241 stores in 2024, including its first store in Japan and additional locations in Malaysia, Singapore, Thailand and mainland China.
Jewel Changi Airport announces record footfall and sales as brand portfolio expands
The complex at Changi Airport recorded over 80 million in visitor traffic from January to December 2024, which was a +10% year-on-year increase, alongside a +5% increase in sales.
GDF Plaza unveils array of in-store promotions for Chinese New Year shopping festival
Leveraging national subsidies, government consumption vouchers and Taobao’s Billion Subsidy programme, the holiday campaign is designed to boost the tourism and consumer market during the holiday season.
CNSC slithers into Year of the Snake with shopping campaign and expanded jewellery line-up
Enhancing its jewellery selection, the retailer has introduced renowned brands TSL (Tse Sui Luen) and King Fook Jewellery to its Gold Street on the first floor.
Strong Q4 buoys Sydney Airport full-year passenger traffic
A strong final quarter helped Sydney Airport passenger traffic climb by +7.1% year-on-year to 41.4 million in 2024. The number was still -6.8% behind pre-pandemic 2019.
China Duty Free Group rings in Year of the Snake with shopping festivities across Hainan
The leading travel retailer is collaborating with its six duty-free stores to offer a dynamic line-up of Chinese New Year-themed activities, exclusive promotions and cultural tourism experiences, combining tradition with modern retail.
Kavalan unveils limited-edition Distiller’s Reserve Series exclusively with JTO Duty Free
The series includes two expressions, The Distiller’s Reserve No. 1 and No, 2, each featuring a masterful core of ex-bourbon casks.
The Shilla Duty Free suffers widening US$30.7 million Q4 loss amid downtown woes
The heavy loss, up +47.8% year-on-year and +13.4% quarter-on-quarter, underlines the huge pressures facing The Shilla Duty Free and its Korean travel retail peers in the downtown sector.
Rémy Martin welcomes the Year of the Snake with Moodie Davitt homepage makeover
The colourful makeover celebrates Rémy Martin’s limited-edition Year of the Snake collection with Huang Yuxing, brought to life in the channel via a vibrant animation campaign.
‘Gifts of Pure Magic’ – Estée Lauder Travel Retail and China Duty Free Group laud Hainan pop-up campaign
The blockbuster campaign in Sanya and Haikou featured an indulgent collaboration with Italian luxury chocolatier Venchi and exclusive travel sets designed to elevate the holiday gifting experience.
“Elegance and craftsmanship” – Dior and Ever Rich Duty Free unveil Taoyuan Airport boutique
From its refined product selection to its luxury services, the boutique immerses travellers in Dior’s universe where ‘luxury transforms every moment into an extraordinary experience’.
