As properly as TFWA, a quantity of international and regional associations represent the industry’s interests, listed beneath. Standing out on the shelves of duty free of charge stores also signals to customers that you should really be seen as a single of the significant brands. We also have robust partnership with some of the larger brands such as Smiggle & Mr Easy, and we are constantly innovating and building new concept shops such Tech2Go and The Travel Retailer.
Its growth potential resides mostly in the expansion of the food solutions and specialty segments as well as in the modernisation of airport terminals, which expands the space out there to retail shops, a key differentiating aspect for airports.
Hermès and Bulgari comply with with 60 and 51 travel retail areas respectively, every with about 19 percent of travel retail mono-brand POS. Travel Retail continues to be an important cornerstone of our method to attain these consumers, especially as destinations and visitors patterns shift.
There are some airports that stand out exactly where the landlords, and the airport itself, have totally understood the necessity of possessing a sturdy retail give in place. For whiskey organizations, this represents what some in the sector call its own continent In other words, it really is a massive and distinct marketplace.
The beauty group represents the largest segment, accounting for 30%, or $19 billion worth, of all sales in 2014. A lot more very affordable travel selections and an emerging middle class in creating markets are fueling development in spending. Meanwhile, 70 per cent of the 300 shops at the upcoming Jewel Changi Airport, a new way of life and retail complex opening in 2019 that will connect the terminals and Changi Airport MRT station, will house retail outlets.
