CHINA (HAINAN). The offshore duty free shopping industry on Hainan island will take a double step forward on Wednesday with major store openings in Sanya by two newcomers, CNSC and Hainan Tourism Investment Duty Free Co. Additionally, market leader China Duty Free Group will open a new store at Sanya Phoenix International Airport.
CNSC will inagurate the Sanya International Duty Free Plaza in Hangzhou Square, a spectacular two-phase development set for ultimate completion in three to five years. The Plaza is well located in the core business district of Dadonghai, one of Sanya’s most popular seaside tourism areas, and offers a wide selection of categories and brands.
Hainan Tourism Downtown Duty Free Shopping Complex will open the same day in a prime location at No. 303 Ying bin Road, Jiyang and promises to be another spectacular affair. It is controlled by Hainan Tourism Investment Duty Free Co Ltd (a wholly-owned subsidiary of Hainan Tourism Investment Development Co Ltd). The company has a strategic agreement with Lagardère Travel Retail covering supply and services.
The store is spread over 95,000sq m, including 2,500sq m of bonded warehouse space with an extensive representation of brands across key categories including watches and jewellery, suitcases & bags, perfume & cosmetics, fashionwear, sunglasses, food, wines & spirits, and others.
We will bring you interviews and extensive pictorial coverage from both openings this week.
Hainan Island: Travel retail’s global hotspot The Moodie Davitt Report will publish a Hainan Island Special Report with the China edition of The Magazine in February 2021. Written by Martin Moodie and Dermot Davitt, it will explore how the offshore duty free business in China has become critical to the world’s leading brands across many categories.
The report will feature:
Contact Irene@MoodieDavittReport.com to partner with The Moodie Davitt Report for this special edition. |
