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Tag: LS travel retail

  • Asia driving ‘significant’ growth in airport retail

    Asia driving ‘significant’ growth in airport retail

    Asia is driving “significant growth” in the global airport retail market, according to a new report from Credence Research.

    This is based on the increasing disposable income of middle-class families in emerging countries coupled with affordable travel options, says the report, Airport Retail Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022.

    Emerging countries such as China and India are increasingly investing in new terminals and expanded retail areas.

    Widening budget options are boosting the number of travellers, particularly in Asia Pacific, says the report.

    Fashion and accessories is the largest product category in airport retail, accounting for more than half of revenue share. The segment can expect considerable growth, says the report.

    However, the fastest growth is expected in the F&B segment with rising sales for premium liquor products and the expansion of food chains.

    By store type the largest segment is the independent store and showroom. These are steadily growing in number with concessions being offered by airport authorities to local companies. The fastest growth is predicted in the duty-free stores segment, which is bolstered by more and more promotional activities.

    Asia Pacific is the largest regional market for airport retail, accounting for 40.5 per cent of revenue share last year. It is forecast to have the fastest growth, particularly in India, China, Australia and Southeast Asia countries.

    The report says the global airport retail industry is highly competitive with a strong multinational component. Major companies involved include Aer Rianta International, Autogrill, Dubai Duty Free, Dufry, Duty Free Shoppers, Heinemann, LS Travel Retail, Lotte Duty Free, Nuance Group, Shilla Duty Free and Stellar Partners.

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  • LS Journey Retail opens chocolate expertise in Changi

    LS Journey Retail opens chocolate expertise in Changi

    LS Journey Retail, says its new chocolate retail ideas at Singapore’s Changi Airport have confirmed so profitable, the mannequin is being tailored for New York.

    The corporate, a part of Lagardere Group, engaged Retail Entry to design 4 shops in Terminal 2.

    The necessities: the shops needed to accommodate a big model portfolio, introduce improvements into the confectionery purchasing expertise, improve shopper engagement and differentiate two of the 4 shops with totally different branding. In complete, Retail Entry Singapore needed to design greater than 470 sqm of retail area.

    “One of many primary challenges was to create a transparent and organised, but inviting in-store navigation,” the design workforce explains.

    “So Chocolate shops carry a large number of manufacturers, so Retail Entry Singapore labored on categorising the manufacturers and making them straightforward for buyers to seek out.

    “One other problem was the Journey Retail setting and the right way to appeal to the busy travellers of an airport by growing the in-store dwell time. There was additionally a retailer structural constraint as a result of the most important retailer was open-ceiling and with no partitions.

    With 4 shops in the identical terminal, Changi Airport administration needed two manufacturers to keep away from sameness of retail supply. So the second model The Chocolatier was developed and a totally totally different retailer design created.

    As a class administration answer, the company created emotional messaging for every model’s class utilizing distinctive colors: Liked by all, Best Moments, Twinkles of pleasure, Tasty bites and Style of Singapore.

    Retail Entry Singapore leveraged the yellow color of So Chocolate branding by designing a well-lit ribbon pelmet to tug shopper’s consideration. Retail-tainment options have been additionally proposed to extend dwell time, by means of the “So Chocolate Selfie nook”, personalised gifting concepts and enjoyable buying via “buckets of pleasure”.

    Since Lagardere’s chocolate shops additionally carry their very own merchandise underneath the model of Style of Singapore, the group designed market-specific fixtures leveraging native touristic cues such because the Merlion and Singapore Flyer.

    Because the shops opened, the brand new design is attracting extra travellers than anticipated, and the typical basket measurement per shopper is greater than forecast.

    In consequence, the Singapore So Chocolate idea created by Retail Entry Singapore is at present being tailored by the Open D Group workplace in New York for introduction into JFK Airport – and can possible be exported to extra nations the place Lagardere operates journey retailing.

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  • Second Longchamp boutique for Changi

    Second Longchamp boutique for Changi

    LS Travel Retail has won another luxury brand concession at Singapore’s Changi Airport.

    LS will open a 41 sqm Longchamp boutique in Terminal 3, located in the Southern section of the departure/transit lounge.

    It will be the second Longchamp boutique at Changi: LS Travel Retail has operated one in Terminal 1 since 2011.

    The new concession has a three year, six month term, commencing November 1, but without an automatic renewal option.

    Five operators bid for the concession, the defeated bidders being Bulgari (Luxury Ventures), Gassan, Nuance (for an Etro store) and Sideframe (for Anteprima Wirebag).

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