The general trends making for successful travel retail companies that you need to be aware of

The future of travel shopping looks promising- read through this post to discover how you can establish a profitable company in the sector nowadays.

The global duty free market size keeps on growing and, with that, the choice customers are presented with every time they visit an airport continues to increase. As a consequence, the space the majority of travel retail shops can access is coming to be increasingly limited. The key investor in Relay has found a fix to this issue by providing travelers with a one-stop shop option- selling a wide variety of products in one shop. A great deal of these retail travel shops are now focusing on offering a lot more compact, travel-sized items, aware that people’s buying decisions can be impacted by the quantity of luggage they can take on board.

Given that the travel retail market size keeps on growing, it does not come as a very big surprise that a lot of retailers have concentrated on offering individualised shopping experiences even at international airports. The main investor in DFS Group have supported the brand in providing travelers with a great shopping service irrespective of where across the world they are. Airport shopping has come to be an activity travelers look forward to, and being given a personalised, luxurious shopping assistance definitely can add up to their vacationing experience. Today, the biggest travel retail industry players have to put a lot of attention and consideration into how they advertise and promote their retail locations, in order to attract the right type of consumers at the best point in time.

The retail industry has been growing continuously over the last few years, and, with that, we are noticing the increased level of popularity of travel retail. Whether for business or fun, men and women these days travel a lot more outside of the country. This is one of the primary reasons why airports have ended up being an appealing spot for retail merchants to open stores in. Normally, travelers get to the airport a few hours ahead of time, which means that they have a lot of time to spend before their flight- the perfect chance to go shopping. Business professionals such as the activist shareholder in Dufry have captured the opportunity to profit from how inclined individuals are to shop when they journey abroad. Duty free retailers offer a wide variety of products and solutions, from travel essentials which one may have forgotten to take with them, to gift sets and items travelers could purchase as a present for somebody they know. A challenge that this type of shops encounter, however, is that the time people can spend shopping is dictated by the airport timetable- nobody will commit hours browsing in a store if they already know that their flight is boarding in several minutes.

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