Lesson #349

Duty-free industry is struggling after depressed international travel in 2020

Duty-free shopping is a strange loophole in the retail industry. You can buy expensive, luxury items without paying the usual hefty taxes, but only international travelers can take advantage. For this reason, duty-free shops are usually located in airports. Without international travel, the duty-free industry did not fare well – except in one place. Plus, learn “add up.”