Fashion Duty Free Retailing to Enjoy Healthy Growth through 2021, Informs GlobalData in Its In-Demand Report Available at MarketPublishers.com
26 Sep 2017 • by Natalie Aster
LONDON – In the previous year, the overall fashion duty free sales climbed to USD 9.8 billion in value terms, registering an uptake at a 3.2% over 2011-2016, spurred by increasing purchasing power of emerging countries, rising access to air travel and ongoing expansion of airport commercial zones. Meantime, the market growth was restrained by the global economic recession, crisis in the Eurozone, increasing terrorism and weakness in important markets.
Presently, jewelry, watches and accessories from the biggest category in terms of spend in the total fashion duty free retailing market.
In the next 4 years, APAC is expected to be the key growth driver of the clothing sales growth in duty free area. The US, South Korea, Thailand, Hong Kong and Singapore are the major countries that are fueling clothing duty free sales with South Korea holding the top position.
Major retailers worldwide are expanding their fashion offerings range and are introducing new exclusive products in cooperation with renowned brands.
The world’s fashion duty free market is anticipated to increase at a heathy rate in the next 4 years, driven by uptake in travel sector, expansion of low-cost airlines, increasing poularity of digital duty free, increasing cruise and inflight retailing, amid other favourable factors.
In-demand report “Global Fashion Duty Free Retailing: Market Dynamics and Forecasts, Retail Trends and Competitive Landscape” prepared by GlobalData gives an in-depth analysis of the fashion duty free market landscape covering the market performance and dynamics across different geographical markets. It present access to trustworthy, relevant market data, features the key growth influencing forces, discusses the top trends and points out the emerging growth threats and opportunities. Besides, this publication provides a detailed overview of the scenario across the main market segments, offers updated sales statistics, discusses consumer preference and demand drivers, describes the competitive environment, etc. Moreover, future forecasts are at hand in this study.
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