Lesson #349

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

Duty-free shops struggled in 2020
March 25, 2021:

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.”

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