Friday, January 19, 2018

Travel retail market reaches new heights

Chain Store Age

Travel retail sales are poised to exceed $1 billion with five years amid surging growth in fragrances and beauty.

The global travel retail market, valued at $69.5 billion in 2016, is projected to reach $125.1 billion by 2023, growing at a compound annual growth rate of 8.9%, according to a report by Allied Market. The largest segment of the market is perfumes and cosmetics, which enjoys a strong customer base.. . . more