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Retail

Average travel retail spend per passenger in 2022 dropped 29pc: Kearney

October 12, 2023

Twenty-three percent of respondents to the Kearney survey would increase their spend if shops were to enhance the in-store shopping experience. Source: Kearney Twenty-three percent of respondents to the Kearney survey would increase their spend if shops were to enhance the in-store shopping experience. Source: Kearney

 

By Staff reports

Slow recovery from the pandemic and the end of revenge buying has prompted a disconnect between price-centric models and new customer expectations, affecting traveler spending on retail.

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  4. Luxury fashion sector needs to reinvent amidst widespread global slowdown
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