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  Synopsis Global duty-free industry analysis How Chinese consumers buy duty-free products Duty-free shop’s struggle in 2020 & 2021 Digital transformation, the new Bible of duty-free shops     The wonderful concept of duty-free shopping began in 1947, when the first airport duty free shop opened at Shannon Airport, Ireland. After more than 70 years development, the duty-free industry has formed a unique tourism consumption market. There are currently three common duty-free shops in the world: airport duty-free shops, city duty-free shops and outlying island duty-free shops. The economic benefit of collecting taxes or duties is not justifiable in terms of the effort required to collect a small amount of tax from each arriving travelers though many countries have established limits on the dollar value of these exemptions, commonly known as ‘customs allowances.’ Consequently, international travellers have the opportunity to benefit from sensational deal...

  As a world economic power, Japan ‘ s retail industry has been extremely developed. Since the World War II, Japan’s retail industry has rebuilt, developed, prospered and matured amid the rapid economic rise in the last half century. As an important part of Japan's industrial economy, the evolution of the retail industry is still very representative. The history of Japan's retail industry The start of modern retail in Japan can be traced back to the post-World War II. After the Second World War, the development of the Japanese retail industry can be roughly divided into five stages. The first period was the economic recovery and rapid growth period in Japan. After the war, the department store resumed. Although the government launched the "Department Store Law" to protect the interests of small and medium retail owners, the department store is still blooming in a more rapid way. The second period is the heyday of rapid economic growth. During this period, the large-sc...

T he Coronavirus (COVID-19) outbreak has brought considerable human suffering and has become one of the biggest threats to the global economy. Cities and even countries are in lockdown  from time to time all over the world, the tourism industry, film and television industry and catering industry were directly destroyed, causing bankrupt of numerous companies. Nearly a quarter of companies closed either temporarily or permanently in March and April last year, according to a study published by American National Bureau of Economic Research. Situations in Europe and Asia are the same. Even now, the affect and the aftereffect of the pandemic is still there as the coronavirus cases are still on the rise. Not only small-business owners are concerned about their survive, so are the Century-Old Business owners, especially the chain retailers. Debenham, once a lynchpin of the UK retail landscape, announced its closing last May, and permanently closed on May 15, 2021, leaving this 242-ye...