This Week: Fashion’s Travel Retail Bet Pays Off ...Middle East

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The post-pandemic travel boom is showing no sign of letting up. In the US, the Department of Transportation has reported a series of all-time highs for daily travellers passing through its airport security checkpoints, and July 4 saw Americans hit the road in record numbers. Chinese tourists also appear to be taking international trips in numbers that are starting to approach pre-Covid levels — outbound trips reached 89 percent of 2019′s total during Golden Week in May, according to Jing Daily. Fashion and beauty retailers have mostly benefitted from the tourism surge, though a rapid and seemingly permanent shift in how and where travellers spend their money has thrown some brands for a lo

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