Conclusion on Travel Retail

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  • Topic: Retailing, Duty-free shop, Shannon Airport
  • Pages : 20 (6824 words )
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  • Published : February 26, 2013
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TRAVEL RETAIL – National & International

Introduction
Aer Rianta International is amongst the top 10 airports retailers in Travel Retail with presence at key international airports throughout the world. Travel retail is a highly successful trade operating in a competitive market environment where suppliers face competition from other brands, retailers meet the challenge of airlines and airports vie with other airports. The duty-free travel industry incorporates those companies primarily concerned travelers the opportunities for duty-free retail outlets. Much of the duty free travel industry is concerned around airports and other transportation hubs where various businesses have sites with duty-free merchandise available to travelers en-route, or arriving and departing certain locations. Duty-free retail sites are expected from having to pay specific national or local taxes provided that their merchandise be retailed to those who will make purchases and then take the merchandise out of the country. Merchandise that is able to be sold duty-free have certain stipulations assigned to them by different jurisdictions. These stipulations also encompass how certain products are retailed and by which process the duty, or lack thereof, is calculated. Despite being able to purchase products duty-free at one travel port, travelers may have duty imposed on them for the merchandise once they reach their destinations. This may occur if the value of the merchandise, or the quantity of the initially duty-free products, exceeds a previously imposed limit for a specific country. Typically duty-free retail locations are placed in international zones, such as international airports or sea ports. However, at times duty-free goods can also be purchased on airplanes or ships will travelers are in transit. Though this is most common, some countries allow duty-free merchandise along their borders for those travelling with ground transportation, for ex :via car or train. Delhi Duty Free Services Pvt. Ltd. (DDFS) is a joint venture company between DIAL (Delhi International Airport Private Limited), IDFS Tradings Pvt Ltd and ARI (Aer Rianta International ). The company was awarded the concession to manage and operate the Duty Free Shops at Terminal 3,Indira Gandhi International Airport in Delhi. DDFS will be single largest duty free retail operator in India operating out of T3, the 6th largest single terminal building in terms of floor area. Travel Retail Strategy

According to Mark Ivory Vice President for Global Sales, David will define the worldwide Travel Retail strategy, be involved in worldwide agreements with global partners and offers guidance to local sales teams. Ivory says that Ferreira will identify successful programmes that will be adapted to the Travel Retail environment (duty free store, airport newsstands, cruise ship shops, ferries, border stores, airlines, etc.) In Travel Retail, the expertise developed in attaining the global No.1 position in News & Convenience is complemented not only by exceptional skills in Duty Free, Luxury and Specialty retailing, but also by growing portfolio of Food service concepts. With three regional operating divisions – LS travel retail EMEA, LS travel retail NORTH AMERICA and LS travel retail ASPAC – they support landlords and brands across the world by combining the best retail solutions with a range of unique services to create environments and experiences that go beyond travelers expectations, not only driving results above forecasts but also instilling a memorable sense of place. As a group, their insight, creativity and extensive experience give a clear understanding of how to address the opportunities and challenges faced by clients. Focus is always on maximizing performance and can make a real difference for business by driving greater efficiencies, delivering stronger returns and enhancing competitive edge. It’s a World of Unique Retail Opportunities

History :
The Irish have...
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