Welcome to the TRBusiness 90 Second News update for 7 March 2024 – your weekly roundup of duty free and travel retail news, kindly sponsored by Coty.

Heathrow “deeply disappointed” in tax-free shopping pass in Spring Budget

The UK’s Spring Budget today revealed no movement on restoring a tax-free shopping scheme for tourists, prompting leading voices pressing the case for the policy change to share their disappointment over the ‘missed opportunity’… Read more…

Federal funds boost US airports; Summit preview

The International Association of Airport and Duty Free Stores (IAADFS) has highlighted the positive domino effect on duty free following a White House decision to channel almost $1 billion in federal funding into infrastructure upgrades at US airports… Read more…

Sun Princess retail spread ‘removes conventional shopping boundaries’

Guests onboard Princess Cruises’ Sun Princess – which set sail on its maiden voyage in the Mediterranean yesterday (28 February) – will encounter an expansive retail footprint with clear sightlines and plenty of surprise, according to concessionaire Harding+. Read more…

Lotte leverages MLB World Tour Seoul Series excitement with exclusive pop-up

Korean travel retailer Lotte Duty Free has launched a duty free exclusive pop-up at its Myeongdong downtown store, inspired by the Major League Baseball (MLB) World Tour Seoul Series 2024… Read more…

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