South Korean conglomerate Lotte has won the tender.
South Korean conglomerate Lotte has won the tender for a duty-free store at Melbourne airport. Lotte Duty Free will officially open on June 1, 2023.
Lotte is investing in developing its duty-free business amid an expected recovery in tourist flows worldwide. The company predicts growth as countries open globally after the pandemic.
The 38,500-square-foot store will be open through May 2023. The company plans to expand its existing duty-free store at Melbourne Airport to 62,500 square feet.
The company expects to increase annual sales to $243.6 million. As of early 2023, Lotte operated 13 international duty-free stores, including in Sydney and Da Nang, Vietnam.
The U.S. lingerie giant disclosed plans on Wednesday to open the store in the Highpoint Shopping Centre.
If you’ve been inside a shopping mall recently, you’ve probably noticed QR codes popping up everywhere on posters, food court…
Retail media networks are reshaping global advertising.
The world’s biggest fast-food business and the K-pop phenomenon are joining up again – and it’s not just a meal,…
Japanese fashion brands have become global forces in the industry, each leaving an indelible mark.
A Bold New Take on the Future of Luxury Retail 📍 Emirates Palace, Abu Dhabi📅 January 27–29, 2026 If you’ve…
