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Operators stand firm as pricing pressures intensifyOperators stand firm as pricing pressures intensify
5-Sep-2002
SOUTH AMERICA. Duty-free retailers in Argentina and Uruguay are resisting strong pressure to reduce prices at leading airports and border stores as domestic market prices fluctuate wildly amid currency devaluations. Although the value of the Argentinian peso has been reduced nearly fourfold in recent months, domestic market prices of imported goods such as fragrances and liquor have not risen to reflect the changes. This means some local prices are lower than in duty-free, eroding duty-free price savings.
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By Dermot Davitt
SOUTH AMERICA. Duty-free retailers in Argentina and Uruguay are resisting strong pressure to reduce prices at leading airports and border stores as domestic market prices fluctuate wildly
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