CHINA. China Duty Free Group (CDFG) is set for a major expansion of its retail operations with plans to open a chain of Arrivals duty free shops, further boost its new e-commerce offer and extend its overseas operations.
In a powerful and well-received speech at The Trinity Forum in Hong Kong, which began today, Chairman Peng Hui said: “CDFG has been authorised to open and operate Arrival duty free stores in China and will build a larger duty free outlet network under the CDFG flagship brand to drive business growth in the future.”
He said the group will also develop its own brands, customise overseas tourism products, and further extend its operations in various sectors.
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CDFG Chairman Peng Hui (podium left, big screen centre): “CDFG has been authorised to open and operate Arrival duty free stores in China” |
CDFG also has big plans for e-commerce. Its www.zhongmian.com site, unveiled earlier this year, will be developed as a reliable “online overseas luxury shopping platform” for Chinese consumers.
CDFG says it will standardise the cross-border e-commerce market and offer “authentic but price-competitive” imported products to Chinese consumers. Its vision is to create an “authoritative platform for introducing international brands to China”.
The retailer also plans to expand the retail space at its acclaimed Haitang Bay duty free shopping complex to bring consumers a “more diversified and comfortable shopping experience with a richer product mix and variety of brands.”
Meanwhile this month saw the first chartered flight by a CDFG shopping tour group bound for Angkor, Cambodia where the retailer opened its first off-shore downtown duty free shop late last year 2015. The flight kicked off “a brand-new exploration in customised shopping tourism,” CDFG said.
We’ll bring you a full report on The Trinity Forum 2015 soon. Meantime you can monitor the event via regular updates on our ‘Moodie Live’ real-time Blog.
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The expansion of Arrivals duty free shopping is part of a central government plan to encourage domestic consumption |
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China Duty Free Group’s impressive looking new e-commerce site at http://www.zhongmian.com/ |
