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Travel boom spurs sales of suitcases and cosmetics

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As more people resume travel and plan vacations, retailers and consumer product companies including US discount chain Target and cosmetics maker Coty are benefiting from a jump in luggage sales and increased spending at airports.

Duty-free shops and makers of travel-related items, such as suitcases, saw sales stall during Covid-19 lockdowns across the world, but travel-related business is taking off again.

Samsonite International, which also makes bags under Tumi and American Tourister brands, last week said its quarterly sales rose 75% from a year earlier. Swiss duty-free retailer Dufry said today its organic sales more than doubled in the first quarter as travel in Europe rebounded.

 

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