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DFS to leave Changi Airport, offers up to 70 per cent off wines and spirits online


The_King

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SINGAPORE - Luxury travel retailer DFS has started to clear its stock before leaving Changi Airport next month.

After 35 years, Changi's biggest and oldest tenant will be making its exit from the airport's wines and spirits concession on June 8.

From now till the end of May, customers will be able to enjoy prices slashed up to 70 per cent for over 200 exclusive offerings of wines and spirits from DFS Singapore Changi Airport, sold online. The site offers Duty and Goods and Services Tax (GST) absorbed priced products.

Retailers at the airport have been hit hard in the last few months due to Covid-19, as flights decreased due to travel restrictions and passenger numbers dried up.

Changi Airport announced on Tuesday that it would suspend operations at Terminal 4 from Saturday (May 16) onward, following a suspension of services at Terminal 2 on May 1. The terminal's suspension includes the closure of all stores and restaurants.

The airport currently sees about 80 flights a week, down from the 7,400 flights per week before the Covid-19 pandemic, and only around 100 passengers arriving and 700 departing every day.

To combat the drop in shopper traffic, retailers, including DFS, have turned to e-commerce platforms and online promotions to attract customers.

In a press release on Thursday (May 14), DFS announced that e-commerce platform ishopchangiwines.com will offer flash deals daily at 9pm, on a first-come, first-served basis, while stocks last.

 

Until the end of May, Carlsberg, Suntory and Tiger beers can be purchased by the carton, as well as Somersby cider and craft beers.

 

From May 16 to May 22, complimentary delivery will be available to customers who spend a minimum of $150 instead of the usual required spend of $250.

DFS Group's managing director of Asia South Aymeric Lacroix, said: "As one of DFS' most esteemed allies for the last 35 years, we thank Changi Airport Group for their ongoing support and partnership. We will continue to serve our customers with the same passion for excellence that has distinguished us at Changi Airport until our official exit in June 2020."

South Korean operator Lotte Duty Free is set to take over the 18 liquor and tobacco concession stores at Changi Airport when DFS exits.

The contract awarded to Lotte is for six years starting June 9 this year and covers more than 8,000 sq m of retail space across Changi's four terminals.

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10 hours ago, aaur4man said:

 

Ya most online shops now waste of time only.  Just wait till CB over and buy from carousell

LJ Lang lai eh la DFS.

 

Don't know is cb or lucky, year to year earn like siao then this year pull out... Then tio cb... Don't know Heng or what 

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7 hours ago, stemcell said:

LJ Lang lai eh la DFS.

 

Don't know is cb or lucky, year to year earn like siao then this year pull out... Then tio cb... Don't know Heng or what 

 

the other day i was watching nat geo  promoting changi t4.

 

nb, officially opened less than 2 yrs have to temporary shut down.

 

worst is jewel, not even a yr and have to temporary shut down.

 

thx u penang cow and ah dou loong for bring sgp closer to the fate of the italian maritime republics.

 

wahahahahha

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15 minutes ago, socrates469bc said:

 

the other day i was watching nat geo  promoting changi t4.

 

nb, officially opened less than 2 yrs have to temporary shut down.

 

worst is jewel, not even a yr and have to temporary shut down.

 

thx u penang cow and ah dou loong for bring sgp closer to the fate of the italian maritime republics.

 

wahahahahha

 

How can u blame them, they didn't have the luxury of hindsight ok!

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14 minutes ago, aaur4man said:

 

How can u blame them, they didn't have the luxury of hindsight ok!

 

tiagong loong loong is paid 2m melange every yr while ah cow is paid 1.5m melange every yr.

 

that means they must have prescience like paul atreides, more sakti than hindsight!!!!!

Edited by socrates469bc
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16 minutes ago, The_King said:

DFS must thinking Heng ah, we get out at the perfect time.

No lost at all

 

6 minutes ago, aaur4man said:

Think DFS damn lucky

 

dfs didnt bid for the concession this time rd means the changi outlet is no longer as profitable as b4.

 

what was supposed to be a strategic realigning of dfs sgp ops turn out to be a blessing.

 

lotte might return the concession in 2 yrs' time since international air travel will take at least 4 yrs minimum to recover and lotte conglomerate itself might not be able to survive past 2 yrs due to its sizable debts in many of its subsidiaries.

 

https://www.fitchratings.com/research/corporate-finance/fitch-affirms-withdraws-lotte-shopping-ratings-05-11-2019

 

https://www.iata.org/en/pressroom/pr/2020-05-13-03/

 

wahahahahahha

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1 minute ago, socrates469bc said:

 

 

dfs didnt bid for the concession this time rd means the changi outlet is no longer as profitable as b4.

 

what was supposed to be a strategic realigning of dfs sgp ops turn out to be a blessing.

 

lotte might return the concession in 2 yrs' time since international air travel will take at least 4 yrs minimum to recover and lotte conglomerate itself might not be able to survive past 2 yrs due to its sizable debts in many of its subsidiaries.

 

https://www.fitchratings.com/research/corporate-finance/fitch-affirms-withdraws-lotte-shopping-ratings-05-11-2019

 

https://www.iata.org/en/pressroom/pr/2020-05-13-03/

 

wahahahahahha

 

Lotte group damn huge in SK also 

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1 minute ago, aaur4man said:

 

Lotte group damn huge in SK also 

 

the group's leisure operations r confirmed dead for the next 2 yrs and with its petchem ops having falling profitability in the past 2 yrs, whether it can service the debts at the group level is an open question.

 

this is like echoes of 1997 sounding again.

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1 hour ago, socrates469bc said:

 

 

dfs didnt bid for the concession this time rd means the changi outlet is no longer as profitable as b4.

 

what was supposed to be a strategic realigning of dfs sgp ops turn out to be a blessing.

 

lotte might return the concession in 2 yrs' time since international air travel will take at least 4 yrs minimum to recover and lotte conglomerate itself might not be able to survive past 2 yrs due to its sizable debts in many of its subsidiaries.

 

https://www.fitchratings.com/research/corporate-finance/fitch-affirms-withdraws-lotte-shopping-ratings-05-11-2019

 

https://www.iata.org/en/pressroom/pr/2020-05-13-03/

 

wahahahahahha

ya lo strategic realigning become their blessing. so lucky. it mean they are buy low sell high. not the famous buy high sell low 

 

 

if i am lotte, i just pay what is needed to cancel or break the contract. if cant i just do the bare min

 

 

there no way the international air travel can recovery ina  few yrs

Edited by The_King
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