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News
Duty-free sales to Korean nationals slump in June
1+ hour, 46+ min ago (453+ words) SOUTH KOREA. “Against last year, sales to Korean travellers dropped by approximately -20% across both downtown and airport chanels.” That was the main take-out by a veteran South Korean travel retailer of the latest Korea Duty Free Association monthly results, although…...
Unifree Duty Free brings summer energy to Istanbul Airport with seasonal activation
1+ day, 23+ hour ago (285+ words) TÜRKIYE. Unifree Duty Free has launched a summer campaign at Istanbul Airport, combining immersive brand activations, live entertainment, tastings and product discovery with striking visual merchandising and vibrant seasonal décor. Built around the theme ‘Summer Is The Feeling, Enjoy It…...
Korea SME agency extends Fanfan duty-free footprint at Incheon Airport to support small businesses
4+ day, 23+ hour ago (380+ words) SOUTH KOREA. The Korea SMEs and Startups Distribution and Marketing Agency has opened the fifth and sixth Fanfan duty-free outlets dedicated to small and medium-sized enterprises (SMEs) at Incheon International Airport Terminal 2. Launched on 1 July, the stores expand the agency’s…...
Foreigner sales remain soft in South Korean duty free despite flurry of retail activity
1+ week, 6+ day ago (504+ words) SOUTH KOREA. “Sales to foreigner sales continued their sustained stagnation while Korean purchases picked up slightly from April.” That was the pithy take on May’s Korean duty-free sales market results from a Seoul-based travel retailer as the Korea Duty Free Association…...
Areas snaps up The Restaurant Group’s Concessions division
3+ week, 2+ day ago (254+ words) UK/SPAIN. Leading travel food & beverage player Areas has swooped to acquire The Restaurant Group’s Concessions division, which manages an extensive airport portfolio in the UK. TRG Concessions will continue to manage the Wagamama franchise at UK airports, and seek…...
Shinsegae Duty Free puts health and wellness in the spotlight with Myeong-dong pop-up
3+ week, 3+ day ago (606+ words) SOUTH KOREA. Shinsegae Duty Free has unveiled a health supplement pop-up store at its flagship Myeong-dong store in Seoul, spotlighting leading wellness brands. Located in front of the Health Supplement Select Shop on the 11th floor, the concept showcases products from…...
Lotte Duty Free rolls out Korean travel retail’s first ChatGPT-based shopping service
3+ week, 3+ day ago (416+ words) SOUTH KOREA. Lotte Duty Free has launched a ChatGPT-based shopping service, the first generative AI-based platform of its kind in Korean travel retail. The launch supports the Lotte Group’s enterprise-wide AI transformation (AX) strategy, integrating generative AI across its retail,…...
Lotte Duty Free drives summer travel spending with downtown and online shopping campaign
3+ week, 5+ day ago (640+ words) SOUTH KOREA. Lotte Duty Free has rolled out a large-scale promotional campaign across its downtown retail network and online platform to drive consumer spending during the peak summer travel season. Running until 31 August at the retailer’s downtown store locations, the…...
Korean travel retailers increase K-product reference exchange rate to boost price allure
4+ week, 2+ day ago (763+ words) SOUTH KOREA. In a significant move for Korean travel retail, major duty-free retailers have increased the US Dollar reference exchange rate for domestic products from KRW1,450 to KRW1,500, aiming to maintain price competitiveness amid the prolonged weakness of the Korean Won. Lotte…...
Shinsegae Duty Free elevates VIP experience with premium airport transfer service
1+ mon, 6+ day ago (503+ words) SOUTH KOREA. Shinsegae Duty Free is set to roll out its Airport Pick-up Service for VIP customers on 13 July, featuring chauffeur-driven transfers to and from the airport. Available to customers travelling through Incheon International and Gimpo International airports, the programme…...