* CHINA – CDFG is set to do their trail opening today, Sept 1 for the world’s largest Duty Free store in Haitang Bay on Sanya island. Taking up 45,000 sqf of the 70,000 sqf mall the expectations for sales are high. For more information please follow this link.
*JAPAN – Japan Duty Free Fasola Mitsukoshi Isetan plan to open the first downtown Duty Free story in Japan late next year in the Ginza Shopping district. This joint venture will settle on the eigth floor of the Mitsukoshi Isetan department store and cover roughtly 3,300 sqf. For more information please follow this link.
*SOUTH KOREA – The Duty Free allowance for travelers headed into Korea will be raised on Sept. 5th from $400 usd to $600 usd. This will allow for Korean shoppers in downtown DF or Online stores to purchase more when traveling through the airports. For more information please follow this link.
*SOUTH KOREA – Chinese passenger travel has surged by +45% to 3,363,654 in the first seven months of 2014 representing 42.1% of all arrivals compared to Japanese arrivals of only 16.7%. For more information please follow this link.