Changi Airport Group (CAG) it to extend its key duty-free liquor and beauty concessions. The stores will be held by DFS Venture Singapore and Shilla Travel Retail respectively for a two-year period each, effective from 2020, after the expiration of their current six-year concession.
Over the past four years, the airport’s two core-category concessions have delivered retail concepts including unique duplex stores, the world’s first airport integrated duty-free zone, the Raffles Hotel Long Bar and the luxurious Shilla Beauty Loft.
As consumer trends and expectations evolve, CAG aim to continue to work closely with its retailers and brands to deliver new shopping experiences for passengers. In its pursuit to become one of the best airports to shop and dine at, CAG has been working closely with the two anchor concessions to push the frontiers of retail at Changi.
DFS is to set up two exclusive brand boutiques to give travelers an opportunity to learn about the brands’ rich heritage and craftsmanship. It also plans to organize a wines and spirits event with a series of tastings and masterclasses.
For beauty, The Shilla Duty Free has plans to rejuvenate its existing beauty offerings. In addition to its range of perfumes and cosmetics, the beauty concession will bring in new brands and renovate one of its existing stores with a new retail concept. There will also be large-scale beauty events with interactive workshops and special deals.
Lim Peck Hoon, executive vice president of commercial at Changi Airport Group, said, “We are very pleased to continue our partnership with DFS and The Shilla Duty Free for another two years. Their passion for the travel retail industry continue to deliver new ideas and novel retail concepts at Changi Airport, and were instrumental in driving sales growth over the past four years.”
The extended tenancy terms for the liquor concession will commence from April 9, 2020, to April 8, 2022, covering 18 stores and spanning over 8,000m² (86,100ft²) of retail space in Terminals 1, 2, 3 and 4. For the beauty concession, the extended tenancy terms will begin from October 1, 2020, to September 30, 2022, covering 22 outlets and spanning over 7,400m² (79,650ft²) of retail space across Changi Airport’s four terminals.