Airports have become fertile sales ground for retailers around the world.
Sales at airport stores are up 20% the past five years making such stores immune from e-commerce competition that has been weakening results from brick-and-mortar locations.
Qz.com reports three key reasons for the success of airport retail:
- Falling fares have increased the number of people flying
- Travelers have time on their hands to shop while waiting for take-off or connecting flights
- International travelers are cashing in on the duty-free advantage at airports.