38% of sales … Our duty-free duty free shop



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The tax-free duty-free shop becomes strong once again. In particular, Lotte, Shilla and Shinsegae lead the growth by forming a solid three-level system. According to the Korean customs service of May 21, total sales of duty free shops in the first half of this year amounted to KRW 9 trillion, 38% more than the same period last year. If the trend continues in the second half of this year, duty-free shop sales will reach 18 trillion won or more this year, up 30 percent from the previous year (14 648.4 billion of wons).

After the opening of Gangnam's Shinsegae duty-free store on the 18th, the Hyundai Gangnam store will open in November. In addition, Shinsegae will enter into service at Terminal 1 of Incheon International Airport (T1) in areas DF1 and 5, where Lotte Duty Free Shop has been withdrawn since the beginning of next month.

 [그래픽=김영옥 기자 yesok@joongang.co.kr]

[그래픽=김영옥 기자 [email protected]]

Shinsegae DFS (Shinsegae DFE) announced on the 20th that the average sales of 1.7 billion won a day (18 ~ 19 days) after the opening of the Gangnam store. Exceeding W1.0bn, which is an estimate. Ahn Joo-yeon, head of Shinsegae's public relations team DFE, said: "We were aiming for 180 billion pounds sterling by the end of the year and 500 billion pounds a year. year after opening. Once the start is good, "he said, and if the trend continues, Gangnam stores will likely have sales of 250 billion won this year, 90 percent of foreigners, and 36 percent of total number of foreign tourists and 64% of individual travelers were foreign tourists.This is due to the dice ball.It is said that he will receive a refund (point of return, return a certain amount if you buy something ) by signing a contract with a duty-free shop directly without going through a travel agency with a power of purchase as a weapon.

DF1 and 5 zones of Incheon International Airport Q1 will be operated by Shinsegae from next month and is expected to generate sales in the order of 300 billion won in August and December The T2 duty-free shop, which started operations earlier this year, is also expected to generate sales of 3 9, about 200 billion won. One head of Shinsegae's duty-free shop said, "Total sales, which was 1.8 trillion won last year, will be about 3 trillion won this year."

The Shinsegae occupied a corner in the "Three Kingdoms" of the duty-free shop. But I have increased the volume this year. The industry expects Shinsegae to go from 13% last year to 20% this year.

Shilla Duty Free Shop was short-lived in Shinsegae when calling last month's offers at Incheon International Airport Terminal 1, DF1 and 5 zones. However, it is also rated that it is better in terms of operating profit. The duty free shops of Incheon International Airport, Hong Kong and Singapore generate sales. In fact, 42.6% of 1Q's sales came from the airport's duty-free shop. Sales at the Shilla Duty Free Shop increased by 29 percent, from KRW 782.7 billion last year to KRW 1,137 billion, while operating profit increased by 181 percent over the previous year. KRW 47.6 billion.

Last year, Shilla DFS had about 4 trillion won of sales, of which 27% of its HDC Shilla Duty Free (representing 50% of the capital). It is expected to grow by more than 10% this year and have a similar market share as last year.

Lotte delivered two of the three T1 from Incheon Airport to Shinsegae this year, and there were no additional patents. The bleeding seems to be great, but there is also an aspect that has raised the breeding room. If the T1 was operated in 2020, which is the period of the contract, it would have been in deficit. The DF3 area of ​​tobacco, which is one of the three areas of T1, is still active.

According to officials at Lotte Duty Free Shop, sales of small duty-free shops in the city are expected to reach 4 trillion won this year. This is an increase of 30% over last year (3 161.9 billion won). Lotte, the second largest Duty Free Shop in Dufry, Switzerland, opened duty-free shops in Vietnam at the end of last month in its Najan Airport store and will participate in the call of D & # 039; 39 offers for T2 Taiwan duty free shop this month. It is also known that he is acquiring the Australian duty-free company JR Duty Free.

Last year, sales of the Lotte Duty Free Store rose to 620 billion won (150 billion won abroad), which accounted for 42% of the market. A Lotte Duty Free Shop official said: "This year we will record 7 trillion won, including 4 trillion wagon sales and 1 trillion won at World Tower." Operating profit will increase significantly this year 2.5 billion won.

Kim Young Joo [email protected]


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