Travel Retail Archive

Luxury For Less: Tourists Are Winners in Pound's Drop

LONDON, United Kingdom — Would you travel halfway around the world for a handbag, or a coat? Maybe if you really loved it — and could get 20 percent off. At the moment, the price is right in Britain, where the decision to leave the European Union has led to a sharp drop in the pound. That’s proving a bonanza for luxury goods shoppers with …

The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding

“ZTO Express Eyes Largest Chinese Company US IPO Since Alibaba” (Reuters)“ZTO’s IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalise on its growth prospects to lure Western investors, while also avoiding the red tape associated with launching IPOs in mainland China.” “Alibaba’s New Payment System Lets Virtual Reality Shoppers Pay by …

Tapping Travel Retail Amidst Terror

LONDON, United Kingdom — The day after the tragic terrorist attack that took place in Nice on July 14, French Prime Minister Manuel Valls told France it “must learn to live with terrorism.” Although Valls was heavily criticised for his frankness, his statement follows the consensus of many international and national security chiefs. In 2016, Europe was the only region of the world to receive …