Haikou Meilan Airport Duty-free Store has reported a 50% increase in year-on-year sales in 2014, reaching 900 million yuan.
Cosmetics, watches and bags rank as the top three best-selling categories, and their combined sales account for about 70% of the revenue at the Haikou Meilan Airport Duty-free Store.
The sharp revenue increase is the result of shop upgrading in 2014. The new iteration of the Hailou Meilan Airport Duty-free Store has been expanded to nearly 5,000sqm of commercial space with 214 different brands now on sale.
During the 2015 New Year holiday, the duty-free store saw a business boom. The store’s duty-free sales turnover during the period reached 13 million yuan generated from a total of 6,700 customers who purchased nearly 20,000 products.
