• Travel Retail Flies High

    One year ago - By WWD

    CANNES, France - The travel-retail industry is flying high again, despite great challenges still buffeting the business.
    “The picture has picked up,” said Erik Juul-Mortensen, president of the Tax Free World Association, during the opening talk at the annual convention here.
    He noted that the 2.7 percent year-over-year sales decline for the overall activity in 2015 reversed to a 2.4 percent gain in 2016, to $63.5 billion. Of that, fragrance and cosmetics made up the lion's share, generating $21.59 billion, a 9.2 percent increase, according to Generation Research.
    That upward trend has...
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