Duty free Retailing Market Continues to Expand as Major Industry Leader Dubai Duty - 0 views
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sachin_cmi on 17 Dec 20Free Inaugurates a new a new fashion pop-up shop at Dubai International Airport Duty free shops are retail outlets whose goods are exempt from the payment of local or national taxes. Duty free retailing refers to the labeling of products with specific "duty" names as an alternative to displaying the brand name at full price. Duty free or discount retailing has grown very rapidly since its inception in the early 1950s and continues to be a highly competitive segment in the retail sector. Duty-free, also known as discount retailing, offers consumers products at low prices without any obligation to pay duty upon receipt. Increasing construction of new airports in both developed and emerging economies is expected to drive growth of the global duty free retailing market during the forecast period. For instance, the Government of Indian plans to inaugurate 100 new airports in five years (2019-2024) as a part of a plant to revive the economic growth of the third-largest economy in Asia. Furthermore, in September 2020, the Government of India inaugurated a new airport at Pakyong, Sikkim. Such increasing construction of airports has led to increase in the establishment of new duty free retailing stores. Read more @ https://coherentmarketinsights-blog.blogspot.com/2020/12/duty-free-retailing-market-continues-to.html