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The Duty Free market is a retail sector that offers goods to customers without the imposition of taxes or duties. Duty Free stores are typically located in airports, cruise ships, and border crossings, and offer a wide range of products such as cosmetics, fragrances, liquor, tobacco, confectionery, and electronics.
The Duty Free market has been around for decades, and has grown to become a major global industry. It is estimated that Duty Free sales account for around 10% of the global travel retail market.
The Duty Free market is highly competitive, with many companies vying for customers. Major players in the market include Dufry, Lotte Duty Free, Gebr Heinemann, and The Shilla Duty Free. These companies operate Duty Free stores in airports, cruise ships, and border crossings around the world.
In recent years, the Duty Free market has seen a surge in online sales, with many companies offering customers the ability to purchase Duty Free goods online. This has allowed customers to shop for Duty Free goods from the comfort of their own homes. Show Less Read more
