Latest Developments in Global Travel Retail Market

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Latest Developments in Global Travel Retail Market

  • FMCG
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In January 2023, Lotte Duty Free partnered with South Korean beauty brand Nonfiction to diversify its product portfolio. This collaboration aims to attract travelers seeking premium and culturally authentic beauty products, enhancing customer engagement and broadening appeal in the travel retail space. The move strengthens Lotte’s positioning in offering locally renowned brands
  • In June 2021, LVMH joined forces with the environmental nonprofit Canopy to promote sustainable practices in its travel retail operations. This initiative focuses on using eco-friendly materials and supply chains, aligning with the growing demand for responsible consumption and reinforcing LVMH's commitment to environmental stewardship in global retail
  • In February 2021, Hudson Group introduced its Hudson Nonstop store at Dallas Love Field Airport using Amazon’s Just Walk Out technology. This innovation allows seamless, cashier-less shopping, significantly enhancing convenience and efficiency for travelers. It marks a shift toward smart retailing in travel environments, adapting to evolving consumer expectations
  • In February 2021, DFS Group entered a joint venture with Shenzhen Duty Free Group to open a duty-free shopping center in Haikou Mission Hills, Hainan. The strategic location targets rising tourist footfall and reflects the industry's focus on tapping into high-potential, travel-driven markets. The development expands DFS's presence in Asia and caters to demand for accessible luxury