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Global Fashion Duty Free Retailing: Market Dynamics and Forecasts, Retail Trends and Competitive Landscape

Global Fashion Duty Free Retailing: Market Dynamics and Forecasts, Retail Trends and Competitive Landscape

Summary

Duty free channel is attracting fashion retailers because of its growth opportunities. The large increase in international travelers, boosted by the growth of low cost airlines, and new air routes across the world, is being exploited by the expansion of more duty free retail space offering greater opportunities for travelers to spend.

Global fashion duty free sales grew at a CAGR of 3.2% during 2011-2016. Rising passenger traffic at major airports, more retail space, and more fashion brands expanding into the duty free channel will drive growth over the next five years. The global fashion duty free market is predicted to grow at a robust CAGR of 7.6% till 2021, adding US$4.4 billion in sales value.

Tourism growth is largely being boosted by increasing low cost airline options and increased air routes across the world, but also via cruise ships, which, with downtown duty free stores, is expanding access to duty free products. Moreover, fashion duty free stores are improving their retail environment by introducing more international brands, and affordable price points to attract all spending levels

Duty free sales in clothing are being driven as much by supply as demand. Clothing retailers and brands are looking for new ways to reach consumers and travel retail is ideal as it delivers a constantly changing supply of consumers who are often in the mood for spending as they are on holiday and looking for ways to kill time while waiting to travel. There are more mass market retailers opening stores in travel locations with a wider variety of price points to appeal to all budgets.

Similar to clothing duty free market, Asia-Pacific is the fastest growing region in the global footwear duty free sales as well. South Korea is the largest market, whereas India is expected to grow fastest followed by China, Japan, South Korea and Indonesia. Global footwear duty free sales are expected to reach $372 million by the end of 2021.

Jewelry, watches & accessories, with its high price points, is the largest category in the global fashion duty free market with Asia-Pacific again being the fastest-growing region.

The report Global Fashion Duty Free Retailing provides analysis of current and forecast market data for fashion duty retail sales across the globe.

In addition the report offer?

  • Current market sizes and forecasts to 2021 by country and category; covers 50 countries and 4 categories, including clothing, footwear, jewelry, watches and accessories, and luggage and leather goods
  • Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
  • International arrivals by country and top 10 source countries for international arrivals in top 20 countries
  • Fashion retail sales and fastest-growing markets for duty free channel
  • Category level retail sales and forecast growth rates for each country
  • Competitive landscape covering market share of major fashion duty free operators across the and their five year duty free sales and trading update analysis, recent key events.
Companies included within the analysis are: LVMH, Burberry, Hugo Boss, Victoria's Secret, Michael Kors, Ralph Lauren, Calvin Klein, Tommy Hilfiger

Scope
  • South Korea should remain the largest market for fashion duty free sales in 2021
  • Fashion duty free operators exploring new growth opportunities and entering new markets
  • Jewelry, watches and accessories is the largest category by spend in fashion duty free stores globally
  • Asia-Pacific is the fastest-growing region in fashion duty free sales
  • Chinese travelers to drive global duty free sales; however, growth to slow down amid economic uncertainty
  • Expansion of low cost airlines resulting in increased travel
  • Digital duty free gaining popularity among travelers
  • Cruise and inflight retail offer high growth potential for duty operators
  • Duty free growth in key markets is marred by terrorism, and economic and political instability
Reasons to buy

Get immediate access to -
  • Reliable fashion duty free retail sales data on 50 countries for 2016 with forecasts for 2021 with information on largest and fastest-growing markets to inform market expansion and to manage risk
  • Explore an in-depth analysis of fashion sub-category duty free retail sales data for major markets to identify target categories/ country, and develop growth plans
  • Learn from fashion duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape
  • Choose partners, understand the competition, with data and analysis of major fashion duty free retailers, including market shares, trading performance, locations, travel retail strategy for each


  • Executive Summary
  • Duty free fashion market
    • Global Fashion duty free retail sales 2011, 2016 & 2021
    • Global Fashion Duty free sales by region, 2011, 2016 & 2021
      • Table Asia-Pacific is the fastest-growing region in fashion duty free sales
    • Fashion category* development, 2011 vs 2016
      • Table Jewelry, watches and accessories is the largest contributor to fashion duty free sales
    • Global Fashion duty free retail - Drivers
    • Global clothing duty free retail sales 2011, 2016, &2021
    • Global clothing duty free sales by region, 2011, 2016 & 2021
      • Table Asia-Pacific is the fastest-growing region in clothing duty free sales
    • Global footwear duty free retail sales 2011, 2016, &2021
    • Global footwear duty free sales by region, 2011, 2016 & 2021
      • Table Asia-Pacific is the fastest-growing region in footwear duty free sales
    • Global jewelry, watches & accessories duty free retail sales, 2011, 2016, &2021
    • Global jewelry, watches & accessories duty free retail sales by region, 2011, 2016, &2021
      • Table Asia-Pacific is the fastest-growing region in jewelry, watches & accessories duty free sales
    • Global luggage and leather goods duty free retail sales, 2011, 2016, &2021
    • Global luggage and leather goods duty free retail by region sales, 2011, 2016, &2021
      • Table North America is the fastest-growing region in luggage and leather goods
    • Share of each category in global fashion duty free sales, 2011, 2016, and 2021
    • Top 10 markets for fashion duty free 2016 & 2021
    • Top 20 markets by growth 2016 & 2021
    • Top Five markets - Clothing
      • Table South Korea is the largest market in Global clothing duty free sales
    • Top Five markets - Footwear
      • Table UK will benefit from weaker pound and increasing tourism
    • Top Five markets - Jewelry, watches and accessories
      • Table Thailand will surpass UAE as the fourth largest market on the back of rising tourism from China and recovery in Russian travel
    • Top Five markets - Luggage and leather goods
      • Table South Korea will record highest value increase among top five luggage and leather goods duty free market
  • How travelers shop in duty free
    • What they buy in duty free retail
    • What they buy & average spend
    • How spending varies by region
      • Table APAC travelers spend the most on leather goods & accessories - suitable for gifts
    • Travellers buying intentions
    • Clothing & footwear brands - Top 10
    • Accessories brands - Top 10
  • Duty free fashion - Trends
    • Duty free retail - Trends
  • Duty free fashion - Innovations
    • Retail Innovations
  • Key fashion retailers
  • BURBERRY- overview 49
  • BURBERRY- fashion travel retail
  • BURBERRY- overall key statistics
  • HUGO BOSS - overview 52
  • HUGO BOSS - fashion travel retail
  • HUGO BOSS - overall key statistics
  • MICHAEL KORS - overview
  • MICHAEL KORS - fashion travel retail
  • MICHAEL KORS - overall key statistics
  • CALVIN KLEIN - overview
  • CALVIN KLEIN - fashion travel retail
  • CALVIN KLEIN - overall key statistics
  • RALPH LAUREN - overview
  • RALPH LAUREN - fashion travel retail
  • RALPH LAUREN- overall key statistics
  • TOMMY HILFIGER - overview
  • TOMMY HILFIGER - fashion travel retail
  • TOMMY HILFIGER - overall key statistics
  • LVMH - overview
  • LVMH - fashion travel retail
  • LVMH - overall key statistics
  • VICTORIA'S SECRET - overview
  • VICTORIA'S SECRET - fashion travel retail

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