Interparfums reports strong 2019 performance but revises outlook for 2020 as coronavirus bites
Interparfums has reported its results for the fourth quarter and year ended December 31, 2019. Net sales swelled 5.6 percent to US$713.5 million (+7.3 percent in comparable currency) and net income grew 12 percent to US$60.2 million.
Purchases plunge as traffic tanks in travel retail channel
Transport authorities have started to offer rent relief to those hit by the significant drop in traffic caused by the coronavirus outbreak, according to a report published by Market Screener.
Biddings for Incheon airport duty-free stores licences fall through due to lack of tenders
Biddings for Incheon International Airport duty-free stores, including for perfumes and cosmetics, licensees have fallen through due to lack of tenders in the first auction failure, according to a report by the Korea Herald.
L’Oréal, Unilever et usher in travel bans as coronavirus takes hold
Several companies have ushered in restrictions or even bans on business travel in a bid to limit the spread of coronavirus, according to a report published by CNN.
Marie Claire Jet Style launches first travel retail salon
Ex Managing Director of Marie Claire UK, Justine Southall has teamed up with celebrity hair stylist Steph Stevenson to unveil a new venture: Marie Claire Jet Style.
Lotte Duty Free launches new eco-friendly packaging
Lotte Duty Free has launched biodegradable packaging such as bubble wrap and paper bags to replace plastic, in a bid to lead the industry in its eco-friendly offering.
Lotte to open Sydney flagship
Lotte Duty Free is poised to open a flagship store in Sydney’s Central Business District, according to a report published by Shopping Centre News.
Street Talk – Travel Size – Millennial
Watch Street Talk series 12 and find out why Julia likes to buy cosmetic products in travel size.
Moscow’s Domodedovo Airport launches online duty-free shop
Moscow’s Domodedovo Airport has launched an online duty-free shop in partnership with MyDutyFree in order to allow consumers to pre-purchase duty free items.
Zero-waste: French hotel ushers in solid soap and shampoo
A hotel in Paris has become France’s first to eliminate single-use plastic from its business according to a report published by Business Traveller.
Street Talk – Miniatures – GenX
Watch Street Talk series 12 and find out why Caroline is still looking for a product to make her look 10 years younger .
Dramatic drop in Chinese tourists hits Parisian retailers hard
Luxury retailers in Paris are suffering from reduced footfall as many Chinese tourists have had their travel restricted in the wake of the coronavirus outbreak, according to a report published by Reuters.
Coronavirus affects South Korean travel retail as cosmetic share prices fall
The recent outbreak of the Coronavirus has begun to affect sales in South Korean travel retail, hitting cosmetic duty free shops as tourism fell during the lucrative Chinese New Year period, according to a report by Forbes.
Sephora enters duty free with cruise ship deal
Sephora has teamed up with Starboard Cruise Services to sell its private label range on board the cruise ships, according to a report published by Cruise Critic.
The Estee Lauder Companies shakes up travel retail team as channel’s growth soars
The Estee Lauder Companies has announced the promotion of Raffaella Cornaggia to Senior Vice President / General Manager, Estee Lauder International, according to a report published by TR Business.
Kiehls celebrates Chinese New Year with pop up store at Singapore’s Changi airport
Kiehls is celebrating the Lunar New Year with the launch of a pop-up store in Changi airport, Singapore.
Gwyneth Paltrow develops Goop brand with Celebrity Cruises partnership
Gwyneth Paltrow has announced a partnership between her wellness brand Goop and Celebrity Cruises, with the two companies hosting a “wellness-at-sea experience.”
YSL Beauté Travel Retail Asia Pacific launches retailtainment experience in Haneda Airport
YSL Beauté Travel Retail Asia Pacific has installed a novel retailtainment experience in Haneda Airport International Passenger Terminal.
Shilla Tipping to go global
Shilla Duty Free has announced that it will roll out its mobile review site, Shilla Tipping, internationally, according to a report published by TR Business.
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