THE WHAT? Korea’s top duty free companies have all seen a strong Q1, thanks to more countries opening borders to visitors post-COVID, according to a report by Pulse News.
THE DETAILS The key players are reported to have seen sales increase as much as ninefold, with sources reporting that Lotte Duty Free saw sales from domestic customers rise 400 percent YOY in the quarter, Shinsegae Duty Free increased 680 percent and Hyundai Department Store Duty Free Co. climbed 854 percent.
Luxe fashion brands saw a particularly robust quarter, with Lotte reporting a 290 percent increase in the top 20 fashion brands, while Shinsegae’s Incheon International Airport outlet likewise saw sales of luxury fashion brands increase month on month in the quarter.
However, it was cosmetics and perfumes that made up the highest proportion of sales, accounting for 80 percent of Hyundai Department Store Duty Free.
THE WHY? It seems that the rebound of international travel is spelling success for the luxury travel retail market.
An official from Shinsegae said: “The number of domestic customers has increased to 60 percent of 2019 levels.
“Sales from Southeast Asian consumers, including Vietnamese and Thais, are growing rapidly, filling the void left by the drop in Chinese visitors. Sales from Southeast Asian group tourists increased by 20 percent in the first week of April from a week ago.”
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
-
Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
-
Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
-
Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
-
Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
-
Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
-
Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
-
Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
-
Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
