FashionCovid 19 blunts tremendous growth of footwear brand SkechersBurberry management take pay shave as luxury brand keeps staff on payrollMichael Kors launches design your own bag service MK KILLER KLOWNS MOVIE Cover Samsung Galaxy S10 Plus My WayVictoria’s Secret deal may be off as L Brands, Sycamore head to court’Revenge spending’ fuels luxury goods reboundSeoul department store to host online fashion show to help small brands
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Governments across Asia Pacific are being urged to protect more than 320,000 duty free and travel retail industry jobs at risk during the coronavirus pandemic.
The Asia Pacific Travel Retail Association claims that the jobs in the US$36 billion industry may be overlooked by politicians devising financial rescue measures to deal with the economic fallout of the pandemic. It is asking governments to support the industry along with airlines, airports and maritime businesses.
In a special report, the association outlines the industry’s almost $15 billion contribution to GDP across Asia Pacific.
“Airport retail and commercial services, including food and beverage, constitute a crucial business sector providing up to 60 per cent vital commercial income for airport owners, outpacing aeronautical revenue streams,” read a statement issued by the association.
“It is the most significant direct contributor to the investment in Asia Pacific aviation infrastructure and ongoing development of world class national gateways, the region hubs to the world.”..
