Our organization in the Pacific is aspect of the global Lagardère Travel Retail group. Relating his individual practical experience, Srinivas Reddy, professor of advertising and marketing at the Singapore Management University (SMU) and academic director of LVMH-SMU Asia Luxury Brand Research Initiative, says: I’ve asked downtown shops if I could complete and pick up my obtain at the airport exactly where they have an outlet, so I would not have to lug the item around and save me from filling out tax refund types, but they are not capable to do so.

So it really is basically a mixed image and last year travel retail for the initial time in much more than 20 years was obtaining a negative self development of two.three% in spite of a passenger development of far more than 6%. That’s currently very an alarming signal simply because travel retail was utilized to growing.

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