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 vendors and deployments behind shopping advice, store navigation and retail operations, with a closer look at what it takes…
Miss A, Rowan and HEYTEA are on US mall opening lists in fall 2026. Their public records show what each…
Gross margins and selected profit metrics for Coach, Pop Mart, lululemon, Miniso, Five Below, TJX and Costco, plus where each…
NikeSKIMS, Birkenstock and Starbucks Reserve chose HKRI Taikoo Hui for major China debuts. Why the Shanghai complex keeps winning new…
Bluewater opens its first new anchor since 1999. Next takes the former House of Fraser space with about 132,000 square…
Opening in IMAX 70mm on July 17, 2026: Christopher Nolan's The Odyssey. Select shows went on sale one year in…
