|
|
Article: Duty-free stores seeking classier image.
- Article from:
- WWD
- Article date:
- October 18, 1985
- Author:
CopyrightCOPYRIGHT 1985 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NICE, France (FNS) -- The Tax-Free World Exhibition held here recently had fragrance executives pondering ways to stop diversion and discussing the duty-free stores' attempt to polish their low-price image.
Long regarded as second-class citizens in the retail fragrance business, duty-free operators are also trying to fight off discounters and gain concessions from major suppliers.
Fragrance executives agree on one thing: the 1,200 duty-free sotres worldwide are big business. Last year, the top 500 stores rang up sales of $2,652,000,000 and fragrances and cosmetics generated $577,300,000, according to Frontier, a trade publication based in London.
...