For 70 years the science of travel retail was built around a concept that one retail Einstein once described as the ”Travel Retail Black Hole Theory’. The behaviours, laws and forces that constitute this theory have been used to define and programme travel retail spaces for decades.
However, analysis of newly discovered retail forces have undermined the credibility of this much cherished theory. A new theory using these latest discoveries is gaining traction with a new generation of retail eggheads.
The phenomenon of the Travel Retail Black Hole was first observed at Shannon Airport in 1947. It gave proof that airports could behave as the theoretically predicted ‘Retail Event Horizon’ – a threshold where airports become a separation point between the different domains and laws of domestic retail and travel retail.