Benny Klepach: Companies Coming to Depend on Duty-Free Shopping

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A new report finds that businesses of all kinds are embracing the benefits of the duty-free retail experience—a finding that has won the attention of Benny Klepach.

Many travelers enjoy taking advantage of the myriad benefits offered by duty-free stores, located in airports across the globe. The duty-free store provides an opportunity for the consumer to obtain gifts, trinkets, luxury items, and souvenirs, all at affordable rates. However, the duty-free retail experience is not just beneficial for shoppers; it also offers many advantages to businesses. A recent news report notes that all kinds of businesses are “making an aggressive beeline” for duty-free shops located in Indian airports—one example among many of businesses seeking to capitalize on the allure of airport shopping. The new report has won the attention of Benny Klepach.

The new report, from New Delhi, notes that the months between October and February are typically the biggest retail shopping months of the year, in large part due to the festive nature of this season. This trend is true not just broadly, but specifically in airport retail locations. As such, many businesses are seeking to get their products sold in duty-free retail locations, banking on the high volume of holiday travelers and seasonal shoppers. Some of the specific industries mentioned in the article include makers of perfumes and cosmetics, alcohol and tobacco products, and clothing and watches.

The article notes that, for these kinds of products, the duty-free price is as much as 30 to 50 percent below the regular retail rate, an alluring discount for many consumers.

The report has captured the attention of Benny Klepach, who serves as Chief Executive Officer for the DFASS Group. Klepach founded the company in 1987, and now it stands as one of the world’s premier duty-free retail companies, and the oldest business of its kind. Benny Klepach has issued a new press statement, affirming the trends noted in the new report.

“The numbers speak for themselves,” Benny Klepach notes. “Indian airports have approximately three percent of global passenger traffic, yet only about one percent of global sales; India airport duty free has enormous upside potential.”

Indian officials say that, last year, the value of the country’s duty-free retail industry totaled more than $215 million. This year, the number is expected to be even greater, with the liquor industry emerging as the leading duty free category in the nation’s airports.

According to the article, marketers are “stepping on the accelerator” and increasing their spend in duty-free locations, noting that “travel retail is a key channel” for the premium alcohol industry, as well as some of these other retail categories.

Benny Klepach proudly leads DFASS Group, which serves roughly 400 million airline passengers each and every year, and has employees spread across five continents.

ABOUT:

Benny Klepach holds the position of Chief Executive Officer with DFASS Group. Having founded the company in 1987, he now holds the distinction of running the largest company of its kind on the planet. DFASS Group provides duty-free retail experiences to customers around the world. DFASS Group services approximately 400 million air passengers each year. DFASS Group boasts 600 employees across five continents, and runs 74 fulfillment centers worldwide.

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Michael Johnston
PR Management Inc.
484-362-9658
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