TOP 10 OPERATORS 4: CHINA DUTY FREE GROUP
It also said the re-opening of the store has created a new ‘window’ to showcase Dalian duty free and tax free to the world. Later on in August, the company
made an announcement of another milestone achievement as it opened its first downtown shop in Hong Kong. The 1,000sq m cdf Beauty outlet, is located in the new extension of Citygate outlets at Lantau, near Hong Kong International Airport. CDFG insists that the number of
Hong Kong’s outbound business and leisure travellers has been steadily increasing. “Under the leadership of parent company China Travel Group, CDFG has been keen to open up the market and continuously meet the consumption needs of outbound passengers,” it said.
Committed to Shanghai It is likely that this statement is not referring to the summer period of this year in Hong Kong, during which anti-government protests caused widespread disruption across the city and dislocated Hong Kong International Airport’s operations for two consecutive days. The company was also keen to
reaffirm its commitment – and investments – in the thriving tourism hub of Shanghai at the end of August, when it announced the opening of its fifth mainland China downtown duty free shop. The new store, which is located
at S2 Shangshu, Shangyue West Plaza, No. 12-2 Jimo Road, Pudong New Area, joins CDFG’s downtown
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presence in Qingdao, Xiamen, Dalian and Beijing in mainland China. In a statement, CDFG says it
was ‘imperative’ to open duty free operations in a city often described as a key Chinese gateway and major financial, economic, trade and technology centre. Spanning 874.4sq m over two
floors, the shop sells perfumes & cosmetics, sunglasses, watches, fashion and other duty free items, including many international brands. Additional services include
click-and-collect and a function for overseas visitors leaving the country to pick up goods from the airport on departure. Heightened demand for
infrastructure investment to meet rising tourism numbers matched with China’s ambitious ‘One Belt, One Road’ initiative also influenced the decision to open. Backed by parent company China
Official Partner
International Travel Service (CITS), CDFG says it ‘actively responds to the
China’s DF sales top $5.9bn as domestic tourists soar
The number of domestic tourists in China continued to grow in double digits last year, supported by various Chinese Government initiatives, including major
“The duty free shops in Shanghai will focus on enhancing the commercial image of Shanghai’s duty free business and setting a new benchmark for tax free retailing in international metropolises.”
CDFG
call of the country to accelerate the upgrading of tourism consumption’. “The duty free shops in Shanghai
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will focus on enhancing the commercial image of Shanghai’s duty free business and setting a new benchmark for tax free retailing in international metropolises,” said CDFG. “In the future, CDFG will continue
to leverage its resource advantages with its parent company, China Travel Group, to continuously strengthen its core capabilities and upgrade the operation of the tax free sector to a new level.” «
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duty free developments which are making it more convenient for shoppers to access their favourite luxury brands without leaving the country. China’s duty free sales reached RMB
For more information contact:
Janice@trbusiness.com
Charles Chen doesn’t believe the slowdown in Chinese spend has been too significant so far. Image source: Close Shoot.
OCTOBER 2019
39.49bn ($5.9bn) in 2018, according to China Duty Free Group President, Charles Chen, which was an increase of 27.3% year-on-year, with offshore duty free shops – such as those in Hainan – becoming increasingly popular among the Chinese. The growth of DF&TR sales in China
far outpaces that of the rest of Asia and indeed the rest of the world at 9.5% in
Above: The beauty floor at CDFG's Haitang Bay store was the busiest by far when TRBusiness paid a visit in March.
2017 (the latest full year statistic available through Generation Research). As reported, Chen confirmed to
TRBusiness at the recent TFWA China’s Century Conference that Hainan’s duty free sales rose to RMB10bn ($1.5bn) in 2018 of which CDFG’s Haitang Bay, Sanya store contributed $
1.1.bn. During this year’s Spring Festival
Golden Week holiday period, Hainan’s duty free sales tipped RMB100m ($14.7m) on two consecutive days (8-9 February), with income at shops in Haikou and Sanya rising by 26.3% to RMB558.27m ($83m).
TOP 10 OPERATORS 37
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