At a CAGR of 8.56%, Global Duty-Free Retailing Market to Rise over 2017-2021 - Dufry, Lagardre, Lotte Shopping, LVMH
Duty-free retailers are those who are exempted from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on such goods once the buyer reaches their country of destination or when the value or quantity of those goods exceeds certain limits. Such retailers operate at international airports, border towns, seaports, train stations, and onboard aircraft and ships. These retailers offer products like perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, and accessories.
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