Your guide to the baffling world of duty-free shopping
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Duty-free stores are known for indulgences: alcohol and cigarettes, pricey face serums and chocolate bars that can feed a family of six. But these uncertain times of tariffs could cast the global retail outlets in a new light. No longer just an airport diversion, could they help keep your bathroom vanity, armoire and snack drawer well-stocked?
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'People associate them with perfumes, chocolates and alcohol, but there are many other things available in duty free that could be a good deal,' said Becky Blaine, a travel editor with The Points Guy, which in 2019 compared the prices of 13 items in 50 duty-free shops.
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The first airport duty-free store was a 'gimmick,' said Scott Laird, a travel writer who has covered duty-free shopping. An Irish visionary named Brendan O'Regan hatched an idea to sell tax-free items to passengers stuck at Shannon Airport while their transatlantic planes refuelled. The kiosk, which opened in 1947, sold Irish whiskey and other local souvenirs.
Article content
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'They got an exception from the Irish authorities on local taxes on various products,' Laird said. 'So they were able to sell more by offering those products cheaper because they didn't have the local taxes. And that has taken off.'
Article content
Duty-free retail is now a global juggernaut, worth $86 billion in 2019, according to the most recent publicly available data from the Duty Free World Council, an industry advocacy group. Airport stores around the world, from Detroit to Dubai, stock their shelves with international brands, plus a sprinkling of homegrown companies.
Article content
Despite their universality, they can still be confusing, especially when you start doing the math. So here's a smart shopper's guide to duty-free stores.
Article content
Article content
What is duty-free shopping?
Article content
Duty-free shops carry products that are exempt from taxes and duties, including local, state and value-added taxes (VAT) and import duties. What you see is what you pay.
Article content
The stores typically occupy 'stateless' places, such as border areas, airport terminals (post-security) and cruise ships; onboard shops are generally tax- and duty-free in international waters and closed while in port. Travellers can also find a few stand-alone stores, such as the sprawling complex in China's Hainan province.
Article content
As part of the arrangement, travellers avoid paying taxes on goods in exchange for not consuming them on-site. To ensure the shopper is departing the country, they will have to present a boarding pass and passport at checkout. Their purchases will be sealed and delivered to the boarding gate, reducing any temptation to crack open that bottle of Fireball or Tom Ford fragrance.
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Cision Canada
22-05-2025
- Cision Canada
First Nordic Strengthens Board and Provides AGM Notice
TORONTO, May 22, 2025 /CNW/ - First Nordic Metals Corp. (" First Nordic" or the " Company") (TSXV: FNM) (OTCQB: FNMCF) (FNSE: FNMC SDB) (FRA: HEG0) announces that its Annual General and Special Meeting will be held at the office of the Company at Suite 300, 1055 West Hastings Street, Vancouver, BC V6E 2E9 on Wednesday, June 25, 2025, at 10:30 a.m. Pacific Time. In conjunction with the meeting, the Company is pleased to announce the nomination of Brendan Cahill to its Board of Directors. Mr. Cahill brings over two decades of executive leadership and board experience in the mining sector, including a decade as President and CEO of Excellon Resources Inc. ("Excellon"), where he led an operational turnaround and expanded the company's portfolio across North America and Europe. He currently serves as President of Energold Minerals Inc., a strategic investor in global mineral projects, and Seanchaidh Consulting, which provides corporate strategy, financing and governance advice to mining and exploration companies. He remains a director of Excellon and is a director of Group Eleven Resources Corp., an Irish zinc explorer. He holds an LL.B. from the University of Western Ontario and began his career as a corporate finance and M&A lawyer at Davies Ward Phillips & Vineberg LLP. " Brendan's track record in operational leadership, strategic M&A, and investor engagement in the global mining sector makes him a tremendous asset to First Nordic Metals as we advance our gold exploration strategy across the Nordics," says Taj Singh, CEO of First Nordic Metals. Meeting Agenda: To receive and consider the audited financial statements of the Company for the year ended December 31, 2024, together with the auditor's report thereon. To appoint the auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors; To fix the number of directors at seven (7); To elect the directors for the ensuing year; and To consider, and if thought advisable, to approve an ordinary resolution authorizing, ratifying and confirming the Company's 10% rolling stock option plan. As of May 13, 2025, shareholders of record are eligible to participate in the upcoming Annual Meeting. Meeting documents, including the Notice of Meeting and Management Proxy Circular, are available for review on the Company's SEDAR+ profile at and on the Company's website at How to vote if your shares trade on the Nasdaq First North Growth Market The information in this section is of significance to shareholders who hold their securities through Euroclear Sweden AB ("Euroclear Registered Securities"), which trade on the Nasdaq First North Growth Market. Shareholders who hold Euroclear Registered Securities are not considered registered shareholders for the purpose of voting at the Meeting. These securities are held in the name of CDS & Co., the nominee of the Canadian Depository for Securities. As a result, shareholders will receive a Form of Proxy (the "Swedish Proxy") by mail from Computershare AB ("Computershare Sweden"). This Swedish Proxy cannot be used to vote directly at the Meeting. To ensure their vote is submitted, shareholders must complete and return the Swedish Proxy to Computershare Sweden in accordance with the instructions and deadlines provided with the form. Certified Adviser Augment Partners AB is the Company's Certified Adviser on Nasdaq First North Growth Market. Phone: +46 8-604 22 55 Email: [email protected] ABOUT FIRST NORDIC METALS First Nordic Metals Corp. is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, First Nordic is 100%-owner of a district-scale license position comprised of two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, First Nordic is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. This information was submitted for publication, through the agency of the contact person set out below, on May 22, 2025, at 10:30 a.m. Eastern Time. ON BEHALF OF THE BOARD OF DIRECTORS, Taj Singh, CPA CEO & Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
National Post
15-05-2025
- National Post
Your guide to the baffling world of duty-free shopping
Duty-free stores are known for indulgences: alcohol and cigarettes, pricey face serums and chocolate bars that can feed a family of six. But these uncertain times of tariffs could cast the global retail outlets in a new light. No longer just an airport diversion, could they help keep your bathroom vanity, armoire and snack drawer well-stocked? Article content Article content 'People associate them with perfumes, chocolates and alcohol, but there are many other things available in duty free that could be a good deal,' said Becky Blaine, a travel editor with The Points Guy, which in 2019 compared the prices of 13 items in 50 duty-free shops. Article content Article content The first airport duty-free store was a 'gimmick,' said Scott Laird, a travel writer who has covered duty-free shopping. An Irish visionary named Brendan O'Regan hatched an idea to sell tax-free items to passengers stuck at Shannon Airport while their transatlantic planes refuelled. The kiosk, which opened in 1947, sold Irish whiskey and other local souvenirs. Article content Article content 'They got an exception from the Irish authorities on local taxes on various products,' Laird said. 'So they were able to sell more by offering those products cheaper because they didn't have the local taxes. And that has taken off.' Article content Duty-free retail is now a global juggernaut, worth $86 billion in 2019, according to the most recent publicly available data from the Duty Free World Council, an industry advocacy group. Airport stores around the world, from Detroit to Dubai, stock their shelves with international brands, plus a sprinkling of homegrown companies. Article content Despite their universality, they can still be confusing, especially when you start doing the math. So here's a smart shopper's guide to duty-free stores. Article content What is duty-free shopping? Article content Duty-free shops carry products that are exempt from taxes and duties, including local, state and value-added taxes (VAT) and import duties. What you see is what you pay. Article content The stores typically occupy 'stateless' places, such as border areas, airport terminals (post-security) and cruise ships; onboard shops are generally tax- and duty-free in international waters and closed while in port. Travellers can also find a few stand-alone stores, such as the sprawling complex in China's Hainan province. Article content 'When you're leaving the country, you're in this weird nontaxable area,' Laird said. Article content As part of the arrangement, travellers avoid paying taxes on goods in exchange for not consuming them on-site. To ensure the shopper is departing the country, they will have to present a boarding pass and passport at checkout. Their purchases will be sealed and delivered to the boarding gate, reducing any temptation to crack open that bottle of Fireball or Tom Ford fragrance. Article content Travellers with a layover in the same country as their departure — such as a flight from New York to Los Angeles to Tokyo — can only shop at the last airport before they exit the country. Laird also warns of some 'extraordinary situations.'
Calgary Herald
15-05-2025
- Calgary Herald
Your guide to the baffling world of duty-free shopping
Article content Duty-free stores are known for indulgences: alcohol and cigarettes, pricey face serums and chocolate bars that can feed a family of six. But these uncertain times of tariffs could cast the global retail outlets in a new light. No longer just an airport diversion, could they help keep your bathroom vanity, armoire and snack drawer well-stocked? Article content Article content 'People associate them with perfumes, chocolates and alcohol, but there are many other things available in duty free that could be a good deal,' said Becky Blaine, a travel editor with The Points Guy, which in 2019 compared the prices of 13 items in 50 duty-free shops. Article content Article content The first airport duty-free store was a 'gimmick,' said Scott Laird, a travel writer who has covered duty-free shopping. An Irish visionary named Brendan O'Regan hatched an idea to sell tax-free items to passengers stuck at Shannon Airport while their transatlantic planes refuelled. The kiosk, which opened in 1947, sold Irish whiskey and other local souvenirs. Article content Article content 'They got an exception from the Irish authorities on local taxes on various products,' Laird said. 'So they were able to sell more by offering those products cheaper because they didn't have the local taxes. And that has taken off.' Article content Duty-free retail is now a global juggernaut, worth $86 billion in 2019, according to the most recent publicly available data from the Duty Free World Council, an industry advocacy group. Airport stores around the world, from Detroit to Dubai, stock their shelves with international brands, plus a sprinkling of homegrown companies. Article content Despite their universality, they can still be confusing, especially when you start doing the math. So here's a smart shopper's guide to duty-free stores. Article content Article content What is duty-free shopping? Article content Duty-free shops carry products that are exempt from taxes and duties, including local, state and value-added taxes (VAT) and import duties. What you see is what you pay. Article content The stores typically occupy 'stateless' places, such as border areas, airport terminals (post-security) and cruise ships; onboard shops are generally tax- and duty-free in international waters and closed while in port. Travellers can also find a few stand-alone stores, such as the sprawling complex in China's Hainan province. Article content As part of the arrangement, travellers avoid paying taxes on goods in exchange for not consuming them on-site. To ensure the shopper is departing the country, they will have to present a boarding pass and passport at checkout. Their purchases will be sealed and delivered to the boarding gate, reducing any temptation to crack open that bottle of Fireball or Tom Ford fragrance.
