11st-Shilla I'Park Duty Free, Massive Clearance of Duty-Free Stock Items

First Exclusive Sale on Open Market
Opens August 10 at 10 AM

[Asia Economy Reporter Cha Min-young] 11st announced on the 6th that it will exclusively sell duty-free products from Shilla I'Park Duty Free, the first open market to do so.

In accordance with the government's temporary policy allowing domestic sales of duty-free products, 11st will exclusively sell about 4,600 stock duty-free items from 24 popular brands housed in Shilla I'Park Duty Free, including Tumi, Etro, Mandarina Duck, Tory Burch, Bally, Tod's, Fendi, Kenzo, Jimmy Choo, Givenchy, and Chloe.

11st has prepared a special promotional page and will start selling the first batch of about 1,700 duty-free items on the 10th. Each week, it will showcase representative special-priced products from each brand, offering various items such as bags, wallets, and sunglasses at prices up to 59% lower than the duty-free store's regular prices. These prices are at the lowest online level, with additional exclusive 11st benefits such as credit card discounts, interest-free installments, and tier coupons. Subsequently, about 2,900 more items will be released sequentially.

Duty-free products ordered from 11st will go through customs clearance procedures and then be shipped collectively from 11st's logistics center using 11st's fulfillment service. It is expected to take approximately 9 to 11 days from purchasing the duty-free stock items to delivery at the customer's home. However, there may be variations depending on the customs schedule for each product.

11st stated, "The COVID-19 pandemic caused a significant slump in duty-free product sales, which was a major concern for the distribution industry. We expect that 11st's sale of online duty-free stock from Shilla I'Park Duty Free will provide a good shopping opportunity for consumers."

Shilla I'Park Duty Free is an urban duty-free store located in Yongsan, Seoul, where customers can find various brands including luxury fashion, watches, and cosmetics. It spans five floors within the complex shopping mall I'Park Mall and is directly connected to Yongsan Station, offering excellent accessibility.