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<br /> - ESTABLISHED 1997 -<br /> HELPING THE INDUSTRY GROW<br /> JANUARY/FEBRUARY 2025<br /> A BLUEPRINT FOR DF&TR IN 2025<br /> Navigating price erosion, leveraging AI and embracing risk sharing?<br /> Your comprehensive state-of-the-industry report has landed… page 26<br /> ALSO INSIDE<br /> COTY SUSTAINABILITY UPDATE | CONFECTIONERY & FOOD REPORT | BUILDING THE BASKET<br /> WITH BISCUITS | PISTACHIO CHOCOLATE CRAZE | HARIBO | EXCLUSIVE CHINA TRAVEL<br /> INSIGHTS | LUNAR NEW YEAR ACTIVATIONS | A WORK DAY WITH JP AUCHER | NOW & THEN<br /> <br /> - �....1_ \�;::/t<br /> 'Vl'l<br /> WELCOME<br /> Welcome to the Jan/Feb issue<br /> Rewriting the playbook to boost SPP<br /> in challenging times<br /> W<br /> elcome to our first<br /> magazine of the year<br /> and an extended<br /> introductory note befitting this<br /> 170-page tome, which featu<a title="TRBusiness January/February 2025 page 1" href="https://secure.viewer.zmags.com/publication/4d660b62?page=1"> - ESTABLISHED 1997 - HELPING THE INDUSTRY GROW JA</a> <a title="TRBusiness January/February 2025 page 2" href="https://secure.viewer.zmags.com/publication/4d660b62?page=2"> </a> <a title="TRBusiness January/February 2025 page 3" href="https://secure.viewer.zmags.com/publication/4d660b62?page=3"> - �....1_ \�;::/t 'Vl'l</a> <a title="TRBusiness January/February 2025 page 4" href="https://secure.viewer.zmags.com/publication/4d660b62?page=4"> WELCOME Welcome to the Jan/Feb issue Rewriting</a> <a title="TRBusiness January/February 2025 page 5" href="https://secure.viewer.zmags.com/publication/4d660b62?page=5"> WELCOME is outpacing retail sales, meaning the </a> <a title="TRBusiness January/February 2025 page 6" href="https://secure.viewer.zmags.com/publication/4d660b62?page=6"> Contents TRBusiness Volume 28, Issue 01 January/F</a> <a title="TRBusiness January/February 2025 page 7" href="https://secure.viewer.zmags.com/publication/4d660b62?page=7"> Lotte Duty Free.................... 66 US ele</a> <a title="TRBusiness January/February 2025 page 8" href="https://secure.viewer.zmags.com/publication/4d660b62?page=8"> NEWS ROUND UP Heinemann wins duty free concessi</a> <a title="TRBusiness January/February 2025 page 9" href="https://secure.viewer.zmags.com/publication/4d660b62?page=9"> NEWS ROUND UP Share of millennial duty free sho</a> <a title="TRBusiness January/February 2025 page 10" href="https://secure.viewer.zmags.com/publication/4d660b62?page=10"> WINNING THE CONSUMER VOTE TRAVEL RETAIL AWARDS</a> <a title="TRBusiness January/February 2025 page 11" href="https://secure.viewer.zmags.com/publication/4d660b62?page=11"> Experiential retail among new session topics at S</a> <a title="TRBusiness January/February 2025 page 12" href="https://secure.viewer.zmags.com/publication/4d660b62?page=12"> NEWS ROUND UP 33 rroobboottss iinn ttrraavveell r</a> <a title="TRBusiness January/February 2025 page 13" href="https://secure.viewer.zmags.com/publication/4d660b62?page=13"> China Tourism Group profits down in 2024 </a> <a title="TRBusiness January/February 2025 page 14" href="https://secure.viewer.zmags.com/publication/4d660b62?page=14"> THE BIG PICTURE 14 TRBUSINESS </a> <a title="TRBusiness January/February 2025 page 15" href="https://secure.viewer.zmags.com/publication/4d660b62?page=15"> Rémy Martin x Huang Yuxing Lunar New Year collabo</a> <a title="TRBusiness January/February 2025 page 16" href="https://secure.viewer.zmags.com/publication/4d660b62?page=16"> TRAV EL RETAIL NEXT GENE RATION</a> <a title="TRBusiness January/February 2025 page 17" href="https://secure.viewer.zmags.com/publication/4d660b62?page=17"> TR SUSTAINABILITY HUB Coty expands the scope of</a> <a title="TRBusiness January/February 2025 page 18" href="https://secure.viewer.zmags.com/publication/4d660b62?page=18"> FOOD FOR THOUGHT: HARIBO Haribo drives NPD and </a> <a title="TRBusiness January/February 2025 page 19" href="https://secure.viewer.zmags.com/publication/4d660b62?page=19"> FOOD FOR THOUGHT: HARIBO choice-related, free-fr</a> <a title="TRBusiness January/February 2025 page 20" href="https://secure.viewer.zmags.com/publication/4d660b62?page=20"> 2-4 JUNE 2025 REGISTER YOUR INTEREST PLATINUM</a> <a title="TRBusiness January/February 2025 page 21" href="https://secure.viewer.zmags.com/publication/4d660b62?page=21"> TRCF TR Consumer Forum set to return in June T</a> <a title="TRBusiness January/February 2025 page 22" href="https://secure.viewer.zmags.com/publication/4d660b62?page=22"> Watch online March 2025 Streaming on TRB</a> <a title="TRBusiness January/February 2025 page 23" href="https://secure.viewer.zmags.com/publication/4d660b62?page=23"> TRAVEL RETAIL AWARDS Congratulations to the Asi</a> <a title="TRBusiness January/February 2025 page 24" href="https://secure.viewer.zmags.com/publication/4d660b62?page=24"> Hôtel Martinez, </a> <a title="TRBusiness January/February 2025 page 25" href="https://secure.viewer.zmags.com/publication/4d660b62?page=25"> TRAVEL RETAIL AWARDS Get set to submit your entr</a> <a title="TRBusiness January/February 2025 page 26" href="https://secure.viewer.zmags.com/publication/4d660b62?page=26"> Above: How would you assess Avolta </a> <a title="TRBusiness January/February 2025 page 27" href="https://secure.viewer.zmags.com/publication/4d660b62?page=27"> customers. Our strategy includes offering more per</a> <a title="TRBusiness January/February 2025 page 28" href="https://secure.viewer.zmags.com/publication/4d660b62?page=28"> Avolta's Presentedby store concept is set to debu</a> <a title="TRBusiness January/February 2025 page 29" href="https://secure.viewer.zmags.com/publication/4d660b62?page=29"> </a> <a title="TRBusiness January/February 2025 page 30" href="https://secure.viewer.zmags.com/publication/4d660b62?page=30"> EMPOWERING POSSIBILITIES Extraordinary experience</a> <a title="TRBusiness January/February 2025 page 31" href="https://secure.viewer.zmags.com/publication/4d660b62?page=31"> </a> <a title="TRBusiness January/February 2025 page 32" href="https://secure.viewer.zmags.com/publication/4d660b62?page=32"> </a> <a title="TRBusiness January/February 2025 page 33" href="https://secure.viewer.zmags.com/publication/4d660b62?page=33"> SURVEY 2025: GEBR. HEINEMANN Spend per passenge</a> <a title="TRBusiness January/February 2025 page 34" href="https://secure.viewer.zmags.com/publication/4d660b62?page=34"> We also strengthened our cruise business, bec</a> <a title="TRBusiness January/February 2025 page 35" href="https://secure.viewer.zmags.com/publication/4d660b62?page=35"> The new administration in the US will also ha</a> <a title="TRBusiness January/February 2025 page 36" href="https://secure.viewer.zmags.com/publication/4d660b62?page=36"> Above: Heinemann o cially opened the doors to it</a> <a title="TRBusiness January/February 2025 page 37" href="https://secure.viewer.zmags.com/publication/4d660b62?page=37"> ATELIER DES FLEURS CEDRUS INTENSE</a> <a title="TRBusiness January/February 2025 page 38" href="https://secure.viewer.zmags.com/publication/4d660b62?page=38"> </a> <a title="TRBusiness January/February 2025 page 39" href="https://secure.viewer.zmags.com/publication/4d660b62?page=39"> SURVEY 2025: LAGARDÈRE TRAVEL RETAIL Enhancing </a> <a title="TRBusiness January/February 2025 page 40" href="https://secure.viewer.zmags.com/publication/4d660b62?page=40"> Above: Bread & Co. is a bakery and co ee counter-</a> <a title="TRBusiness January/February 2025 page 41" href="https://secure.viewer.zmags.com/publication/4d660b62?page=41"> SURVEY 2025: LAGARDÈRE TRAVEL RETAIL visually en</a> <a title="TRBusiness January/February 2025 page 42" href="https://secure.viewer.zmags.com/publication/4d660b62?page=42"> Above: How would you assess Dublin </a> <a title="TRBusiness January/February 2025 page 43" href="https://secure.viewer.zmags.com/publication/4d660b62?page=43"> unlocking growth in 2025 and beyond. What are yo</a> <a title="TRBusiness January/February 2025 page 44" href="https://secure.viewer.zmags.com/publication/4d660b62?page=44"> Above: are mindful of, with an Preloved </a> <a title="TRBusiness January/February 2025 page 45" href="https://secure.viewer.zmags.com/publication/4d660b62?page=45"> </a> <a title="TRBusiness January/February 2025 page 46" href="https://secure.viewer.zmags.com/publication/4d660b62?page=46"> SURVEY 2025: FRAPORT Service excellence will be</a> <a title="TRBusiness January/February 2025 page 47" href="https://secure.viewer.zmags.com/publication/4d660b62?page=47"> and our tenants will have to put a lot of effort i</a> <a title="TRBusiness January/February 2025 page 48" href="https://secure.viewer.zmags.com/publication/4d660b62?page=48"> WWW.COEUR.DE</a> <a title="TRBusiness January/February 2025 page 49" href="https://secure.viewer.zmags.com/publication/4d660b62?page=49"> SURVEY 2025: TALLINK Increasing spending per pa</a> <a title="TRBusiness January/February 2025 page 50" href="https://secure.viewer.zmags.com/publication/4d660b62?page=50"> Above: Data can unlock personalised product recom</a> <a title="TRBusiness January/February 2025 page 51" href="https://secure.viewer.zmags.com/publication/4d660b62?page=51"> And what do you expect will be the biggest opport</a> <a title="TRBusiness January/February 2025 page 52" href="https://secure.viewer.zmags.com/publication/4d660b62?page=52"> P OF </a> <a title="TRBusiness January/February 2025 page 53" href="https://secure.viewer.zmags.com/publication/4d660b62?page=53"> SURVEY 2025: DFWC `We cannot rely solely on pro</a> <a title="TRBusiness January/February 2025 page 54" href="https://secure.viewer.zmags.com/publication/4d660b62?page=54"> Above: Sarah Branquinho on stage at MEADFA 2024. </a> <a title="TRBusiness January/February 2025 page 55" href="https://secure.viewer.zmags.com/publication/4d660b62?page=55"> Health Organization has sought to ban sales of du</a> <a title="TRBusiness January/February 2025 page 56" href="https://secure.viewer.zmags.com/publication/4d660b62?page=56"> A WORLD OF OIL-INFUSED BEAUTY Moroccanoil.com</a> <a title="TRBusiness January/February 2025 page 57" href="https://secure.viewer.zmags.com/publication/4d660b62?page=57"> SURVEY 2025: DUBAI DUTY FREE Dampening luxury s</a> <a title="TRBusiness January/February 2025 page 58" href="https://secure.viewer.zmags.com/publication/4d660b62?page=58"> The biggest opportunities will be from the growth</a> <a title="TRBusiness January/February 2025 page 59" href="https://secure.viewer.zmags.com/publication/4d660b62?page=59"> SURVEY 2025: ACI AFRICA Airport retail optimisa</a> <a title="TRBusiness January/February 2025 page 60" href="https://secure.viewer.zmags.com/publication/4d660b62?page=60"> compete more effectively with larger airports. It </a> <a title="TRBusiness January/February 2025 page 61" href="https://secure.viewer.zmags.com/publication/4d660b62?page=61"> 2021 SURVEY 2025: AEROPORT NICE COTE D'AZUR “Ta</a> <a title="TRBusiness January/February 2025 page 62" href="https://secure.viewer.zmags.com/publication/4d660b62?page=62"> Above: What are your Hazel </a> <a title="TRBusiness January/February 2025 page 63" href="https://secure.viewer.zmags.com/publication/4d660b62?page=63"> the luxury goods market. It has been struggling g</a> <a title="TRBusiness January/February 2025 page 64" href="https://secure.viewer.zmags.com/publication/4d660b62?page=64"> Above and How would you assess opposite: </a> <a title="TRBusiness January/February 2025 page 65" href="https://secure.viewer.zmags.com/publication/4d660b62?page=65"> and other components of the service industry. </a> <a title="TRBusiness January/February 2025 page 66" href="https://secure.viewer.zmags.com/publication/4d660b62?page=66"> Above: How would you assess Lotte Duty</a> <a title="TRBusiness January/February 2025 page 67" href="https://secure.viewer.zmags.com/publication/4d660b62?page=67"> promotions, the launch of pop-up stores, and VIP </a> <a title="TRBusiness January/February 2025 page 68" href="https://secure.viewer.zmags.com/publication/4d660b62?page=68"> T he regional trading </a> <a title="TRBusiness January/February 2025 page 69" href="https://secure.viewer.zmags.com/publication/4d660b62?page=69"> powers, it could complicate trading conditions. U</a> <a title="TRBusiness January/February 2025 page 70" href="https://secure.viewer.zmags.com/publication/4d660b62?page=70"> Thank you to our 2024 Sponsors HEADLIN</a> <a title="TRBusiness January/February 2025 page 71" href="https://secure.viewer.zmags.com/publication/4d660b62?page=71"> TRSW24 REVIEW Spotlighting the collaborations &</a> <a title="TRBusiness January/February 2025 page 72" href="https://secure.viewer.zmags.com/publication/4d660b62?page=72"> TRSW24 REVIEW we think', saw our panel of speake</a> <a title="TRBusiness January/February 2025 page 73" href="https://secure.viewer.zmags.com/publication/4d660b62?page=73"> TRSW24 REVIEW Operations, Fulfilment (inc HCC), S</a> <a title="TRBusiness January/February 2025 page 74" href="https://secure.viewer.zmags.com/publication/4d660b62?page=74"> TRSW24 PARTNER CONTENT Suntory shares update on</a> <a title="TRBusiness January/February 2025 page 75" href="https://secure.viewer.zmags.com/publication/4d660b62?page=75"> TRSW24 PARTNER CONTENT employee-led employee imp</a> <a title="TRBusiness January/February 2025 page 76" href="https://secure.viewer.zmags.com/publication/4d660b62?page=76"> TRSW24 PARTNER CONTENT Ferrero continues to bl</a> <a title="TRBusiness January/February 2025 page 77" href="https://secure.viewer.zmags.com/publication/4d660b62?page=77"> TRSW24 PARTNER CONTENT Industry recognition Thes</a> <a title="TRBusiness January/February 2025 page 78" href="https://secure.viewer.zmags.com/publication/4d660b62?page=78"> UNCOVER MORE FUN with</a> <a title="TRBusiness January/February 2025 page 79" href="https://secure.viewer.zmags.com/publication/4d660b62?page=79"> CONFECTIONERY INSIGHTS Avolta and Heinemann top</a> <a title="TRBusiness January/February 2025 page 80" href="https://secure.viewer.zmags.com/publication/4d660b62?page=80"> CONFECTIONERY INSIGHTS Top 5 Airside Confectione</a> <a title="TRBusiness January/February 2025 page 81" href="https://secure.viewer.zmags.com/publication/4d660b62?page=81"> CONFECTIONERY INSIGHTS were the most likely to b</a> <a title="TRBusiness January/February 2025 page 82" href="https://secure.viewer.zmags.com/publication/4d660b62?page=82"> NO SHELLS. YES PROFITS. The</a> <a title="TRBusiness January/February 2025 page 83" href="https://secure.viewer.zmags.com/publication/4d660b62?page=83"> CONFECTIONERY & FOOD REPORT Consumer feel-good </a> <a title="TRBusiness January/February 2025 page 84" href="https://secure.viewer.zmags.com/publication/4d660b62?page=84"> CONFECTIONERY & FOOD REPORT “Strong premium bra</a> <a title="TRBusiness January/February 2025 page 85" href="https://secure.viewer.zmags.com/publication/4d660b62?page=85"> CONFECTIONERY & FOOD REPORT [us] reach an all-ti</a> <a title="TRBusiness January/February 2025 page 86" href="https://secure.viewer.zmags.com/publication/4d660b62?page=86"> </a> <a title="TRBusiness January/February 2025 page 87" href="https://secure.viewer.zmags.com/publication/4d660b62?page=87"> CONFECTIONERY & FOOD REPORT available in Europe,</a> <a title="TRBusiness January/February 2025 page 88" href="https://secure.viewer.zmags.com/publication/4d660b62?page=88"> START YOUR LOVE AFFAIR WITH THE SQUAR</a> <a title="TRBusiness January/February 2025 page 89" href="https://secure.viewer.zmags.com/publication/4d660b62?page=89"> CONFECTIONERY & FOOD REPORT “For instance, Chine</a> <a title="TRBusiness January/February 2025 page 90" href="https://secure.viewer.zmags.com/publication/4d660b62?page=90"> CONFECTIONERY & FOOD REPORT “We, as an industry</a> <a title="TRBusiness January/February 2025 page 91" href="https://secure.viewer.zmags.com/publication/4d660b62?page=91"> </a> <a title="TRBusiness January/February 2025 page 92" href="https://secure.viewer.zmags.com/publication/4d660b62?page=92"> 25 LOLLIPOPS NEW SHARING BAG</a> <a title="TRBusiness January/February 2025 page 93" href="https://secure.viewer.zmags.com/publication/4d660b62?page=93"> CONFECTIONERY & FOOD REPORT prices with product </a> <a title="TRBusiness January/February 2025 page 94" href="https://secure.viewer.zmags.com/publication/4d660b62?page=94"> </a> <a title="TRBusiness January/February 2025 page 95" href="https://secure.viewer.zmags.com/publication/4d660b62?page=95"> CONFECTIONERY & FOOD REPORT adjustments designed</a> <a title="TRBusiness January/February 2025 page 96" href="https://secure.viewer.zmags.com/publication/4d660b62?page=96"> </a> <a title="TRBusiness January/February 2025 page 97" href="https://secure.viewer.zmags.com/publication/4d660b62?page=97"> CONFECTIONERY & FOOD: BISCUITS </a> <a title="TRBusiness January/February 2025 page 98" href="https://secure.viewer.zmags.com/publication/4d660b62?page=98"> CONFECTIONERY & FOOD: BISCUITS “While reallocat</a> <a title="TRBusiness January/February 2025 page 99" href="https://secure.viewer.zmags.com/publication/4d660b62?page=99"> CONFECTIONERY & FOOD: BISCUITS biscuits category</a> <a title="TRBusiness January/February 2025 page 100" href="https://secure.viewer.zmags.com/publication/4d660b62?page=100"> CONFECTIONERY & FOOD: BISCUITS </a> <a title="TRBusiness January/February 2025 page 101" href="https://secure.viewer.zmags.com/publication/4d660b62?page=101"> CONFECTIONERY & FOOD: BISCUITS global travel ret</a> <a title="TRBusiness January/February 2025 page 102" href="https://secure.viewer.zmags.com/publication/4d660b62?page=102"> CONFECTIONERY & FOOD: BISCUITS </a> <a title="TRBusiness January/February 2025 page 103" href="https://secure.viewer.zmags.com/publication/4d660b62?page=103"> CONFECTIONERY & FOOD: BISCUITS in t</a> <a title="TRBusiness January/February 2025 page 104" href="https://secure.viewer.zmags.com/publication/4d660b62?page=104"> CONFECTIONERY & FOOD: TRENDS Pistachio chocola</a> <a title="TRBusiness January/February 2025 page 105" href="https://secure.viewer.zmags.com/publication/4d660b62?page=105"> CONFECTIONERY & FOOD: TRENDS pistachio – for so </a> <a title="TRBusiness January/February 2025 page 106" href="https://secure.viewer.zmags.com/publication/4d660b62?page=106"> CONFECTIONERY & FOOD: TRENDS “Consumers fell fo</a> <a title="TRBusiness January/February 2025 page 107" href="https://secure.viewer.zmags.com/publication/4d660b62?page=107"> CONFECTIONERY & FOOD: TRENDS still carving out i</a> <a title="TRBusiness January/February 2025 page 108" href="https://secure.viewer.zmags.com/publication/4d660b62?page=108"> Global charming. MOZART KOO</a> <a title="TRBusiness January/February 2025 page 109" href="https://secure.viewer.zmags.com/publication/4d660b62?page=109"> CONFECTIONERY & FOOD: TRENDS ingredients in any </a> <a title="TRBusiness January/February 2025 page 110" href="https://secure.viewer.zmags.com/publication/4d660b62?page=110"> CONFECTIONERY & FOOD: TRENDS “It's not really a</a> <a title="TRBusiness January/February 2025 page 111" href="https://secure.viewer.zmags.com/publication/4d660b62?page=111"> </a> <a title="TRBusiness January/February 2025 page 112" href="https://secure.viewer.zmags.com/publication/4d660b62?page=112"> INTERVIEW: NESTLÉ ITR Food category brimming wi</a> <a title="TRBusiness January/February 2025 page 113" href="https://secure.viewer.zmags.com/publication/4d660b62?page=113"> INTERVIEW: NESTLÉ ITR between suppliers and reta</a> <a title="TRBusiness January/February 2025 page 114" href="https://secure.viewer.zmags.com/publication/4d660b62?page=114"> ADVERTISEMENT FEATURE Building a brighter passe</a> <a title="TRBusiness January/February 2025 page 115" href="https://secure.viewer.zmags.com/publication/4d660b62?page=115"> E�perience �he �hrill LEGO, the LEGO logo and th</a> <a title="TRBusiness January/February 2025 page 116" href="https://secure.viewer.zmags.com/publication/4d660b62?page=116"> </a> <a title="TRBusiness January/February 2025 page 117" href="https://secure.viewer.zmags.com/publication/4d660b62?page=117"> CHINA INSIGHTS Chinese intl. air traffic to hit </a> <a title="TRBusiness January/February 2025 page 118" href="https://secure.viewer.zmags.com/publication/4d660b62?page=118"> CHINA INSIGHTS m1nd-set is forecasting 90 milli</a> <a title="TRBusiness January/February 2025 page 119" href="https://secure.viewer.zmags.com/publication/4d660b62?page=119"> CHINA INSIGHTS Chinese international air traffic </a> <a title="TRBusiness January/February 2025 page 120" href="https://secure.viewer.zmags.com/publication/4d660b62?page=120"> CHINESE FAMILY TRAVEL Tapping into the high-sp</a> <a title="TRBusiness January/February 2025 page 121" href="https://secure.viewer.zmags.com/publication/4d660b62?page=121"> CHINESE FAMILY TRAVEL Furthermore, a Ctrip r</a> <a title="TRBusiness January/February 2025 page 122" href="https://secure.viewer.zmags.com/publication/4d660b62?page=122"> CHINESE FAMILY TRAVEL and flows of the busy seaso</a> <a title="TRBusiness January/February 2025 page 123" href="https://secure.viewer.zmags.com/publication/4d660b62?page=123"> CHINESE FAMILY TRAVEL Above:</a> <a title="TRBusiness January/February 2025 page 124" href="https://secure.viewer.zmags.com/publication/4d660b62?page=124"> OVER TO YOU Social media drives shopping habits</a> <a title="TRBusiness January/February 2025 page 125" href="https://secure.viewer.zmags.com/publication/4d660b62?page=125"> CHINA: LUNAR NEW YEAR Leveraging gifting, limit</a> <a title="TRBusiness January/February 2025 page 126" href="https://secure.viewer.zmags.com/publication/4d660b62?page=126"> CHINA: LUNAR NEW YEAR “Our collaboration with A</a> <a title="TRBusiness January/February 2025 page 127" href="https://secure.viewer.zmags.com/publication/4d660b62?page=127"> CHINA: LUNAR NEW YEAR for differentiation in the </a> <a title="TRBusiness January/February 2025 page 128" href="https://secure.viewer.zmags.com/publication/4d660b62?page=128"> CHINA: LUNAR NEW YEAR Above: The</a> <a title="TRBusiness January/February 2025 page 129" href="https://secure.viewer.zmags.com/publication/4d660b62?page=129"> CHINA: LUNAR NEW YEAR symbolises good fortune, a</a> <a title="TRBusiness January/February 2025 page 130" href="https://secure.viewer.zmags.com/publication/4d660b62?page=130"> CHINA: YEAR OF THE SNAKE Shopping for the Year</a> <a title="TRBusiness January/February 2025 page 131" href="https://secure.viewer.zmags.com/publication/4d660b62?page=131"> CHINA: YEAR OF THE SNAKE Visitors to the tra</a> <a title="TRBusiness January/February 2025 page 132" href="https://secure.viewer.zmags.com/publication/4d660b62?page=132"> CHINA: YEAR OF THE SNAKE </a> <a title="TRBusiness January/February 2025 page 133" href="https://secure.viewer.zmags.com/publication/4d660b62?page=133"> CHINA: YEAR OF THE SNAKE Above: </a> <a title="TRBusiness January/February 2025 page 134" href="https://secure.viewer.zmags.com/publication/4d660b62?page=134"> CHINA: CULTURAL IQ Boosting cultural IQ to eng</a> <a title="TRBusiness January/February 2025 page 135" href="https://secure.viewer.zmags.com/publication/4d660b62?page=135"> CHINA: CULTURAL IQ which quickly began to target</a> <a title="TRBusiness January/February 2025 page 136" href="https://secure.viewer.zmags.com/publication/4d660b62?page=136"> CHINA: CULTURAL IQ Gearing up for the RFP at Bris</a> <a title="TRBusiness January/February 2025 page 137" href="https://secure.viewer.zmags.com/publication/4d660b62?page=137"> CHINA: CULTURAL IQ expectations; practical skill</a> <a title="TRBusiness January/February 2025 page 138" href="https://secure.viewer.zmags.com/publication/4d660b62?page=138"> CHINA: CULTURAL IQ Above: Trevor a</a> <a title="TRBusiness January/February 2025 page 139" href="https://secure.viewer.zmags.com/publication/4d660b62?page=139"> 2025 Summit of the Americas </a> <a title="TRBusiness January/February 2025 page 140" href="https://secure.viewer.zmags.com/publication/4d660b62?page=140"> SIMON ROFFE Business Development Director PENDERY</a> <a title="TRBusiness January/February 2025 page 141" href="https://secure.viewer.zmags.com/publication/4d660b62?page=141"> GARRY MAXWELL Director GMAX TRAVEL RETAIL It is o</a> <a title="TRBusiness January/February 2025 page 142" href="https://secure.viewer.zmags.com/publication/4d660b62?page=142"> recovering. While we have seen much progress, the</a> <a title="TRBusiness January/February 2025 page 143" href="https://secure.viewer.zmags.com/publication/4d660b62?page=143"> is intensifying, and retailers must focus on crea</a> <a title="TRBusiness January/February 2025 page 144" href="https://secure.viewer.zmags.com/publication/4d660b62?page=144"> which have also presented various challenges in t</a> <a title="TRBusiness January/February 2025 page 145" href="https://secure.viewer.zmags.com/publication/4d660b62?page=145"> in air traffic numbers. However, 2021 the industry </a> <a title="TRBusiness January/February 2025 page 146" href="https://secure.viewer.zmags.com/publication/4d660b62?page=146"> is the erosion of price advantage in duty free co</a> <a title="TRBusiness January/February 2025 page 147" href="https://secure.viewer.zmags.com/publication/4d660b62?page=147"> consumers are more resistant to economic challeng</a> <a title="TRBusiness January/February 2025 page 148" href="https://secure.viewer.zmags.com/publication/4d660b62?page=148"> reality – is on the rise, driving greater interac</a> <a title="TRBusiness January/February 2025 page 149" href="https://secure.viewer.zmags.com/publication/4d660b62?page=149"> a single container, has shown significant success,</a> <a title="TRBusiness January/February 2025 page 150" href="https://secure.viewer.zmags.com/publication/4d660b62?page=150"> SURVEY 2025: INDUSTRY Q&A PIER GIUSEPPE</a> <a title="TRBusiness January/February 2025 page 151" href="https://secure.viewer.zmags.com/publication/4d660b62?page=151"> passengers reasons to engage and buy. We must not</a> <a title="TRBusiness January/February 2025 page 152" href="https://secure.viewer.zmags.com/publication/4d660b62?page=152"> JANA STROOP Global Travel Retail Manager CLOETTA </a> <a title="TRBusiness January/February 2025 page 153" href="https://secure.viewer.zmags.com/publication/4d660b62?page=153"> slow economic recovery in key markets, threat of </a> <a title="TRBusiness January/February 2025 page 154" href="https://secure.viewer.zmags.com/publication/4d660b62?page=154"> SURVEY 2025: INDUSTRY Q&A SIMON ROFFE B</a> <a title="TRBusiness January/February 2025 page 155" href="https://secure.viewer.zmags.com/publication/4d660b62?page=155"> platforms with physical stores can enhance the sh</a> <a title="TRBusiness January/February 2025 page 156" href="https://secure.viewer.zmags.com/publication/4d660b62?page=156"> Gloria Dix Garry Stoner Head of GTR & Fragrance T</a> <a title="TRBusiness January/February 2025 page 157" href="https://secure.viewer.zmags.com/publication/4d660b62?page=157"> SURVEY 2025: INDUSTRY Q&A 5 </a> <a title="TRBusiness January/February 2025 page 158" href="https://secure.viewer.zmags.com/publication/4d660b62?page=158"> SURVEY 2025: INDUSTRY Q&A clusive </a> <a title="TRBusiness January/February 2025 page 159" href="https://secure.viewer.zmags.com/publication/4d660b62?page=159"> 2021 more of a challenge for certain Not m</a> <a title="TRBusiness January/February 2025 page 160" href="https://secure.viewer.zmags.com/publication/4d660b62?page=160"> PIER GIUSEPPE TORRESANI Export and Travel Retail </a> <a title="TRBusiness January/February 2025 page 161" href="https://secure.viewer.zmags.com/publication/4d660b62?page=161"> competition from virtual alternatives, and ethica</a> <a title="TRBusiness January/February 2025 page 162" href="https://secure.viewer.zmags.com/publication/4d660b62?page=162"> past 10 years. GTR needs to recruit at all levels</a> <a title="TRBusiness January/February 2025 page 163" href="https://secure.viewer.zmags.com/publication/4d660b62?page=163"> AI to connect brands with our customers, ensuring</a> <a title="TRBusiness January/February 2025 page 164" href="https://secure.viewer.zmags.com/publication/4d660b62?page=164"> SURVEY 2025: INDUSTRY Q&A SIMON ROFFE</a> <a title="TRBusiness January/February 2025 page 165" href="https://secure.viewer.zmags.com/publication/4d660b62?page=165"> Profit-sharing agreements and flexible guarantees a</a> <a title="TRBusiness January/February 2025 page 166" href="https://secure.viewer.zmags.com/publication/4d660b62?page=166"> BRANDS ZONE Supercharge your shelf appeal To kic</a> <a title="TRBusiness January/February 2025 page 167" href="https://secure.viewer.zmags.com/publication/4d660b62?page=167"> WORK LIFE Spend a workday with... Jean-Philippe A</a> <a title="TRBusiness January/February 2025 page 168" href="https://secure.viewer.zmags.com/publication/4d660b62?page=168"> COMMENT Now and Then... The most important temp</a> <a title="TRBusiness January/February 2025 page 169" href="https://secure.viewer.zmags.com/publication/4d660b62?page=169"> Global Industry Survey 2025 NEW E-Z SCHEDULE</a> <a title="TRBusiness January/February 2025 page 170" href="https://secure.viewer.zmags.com/publication/4d660b62?page=170"> MEADFA heralds “critical time” in defence of DF&T</a>