The Moodie Report

Travel Retail and Duty Free Business Intelligence    Tuesday 01 September 2015

The Moodie Report Stock Watch 28 August: China International Travel Services (CDFG): up +4.67%        China International Travel Services (CDFG): Close CNY54.29, Change +4.67%, 52-week High CNY78.40; 52-week Low CNY35.48       Dufry: Close 127.30, Change +0.08%, 52-week High 154.60; 52-week Low 118.13       Hotel Shilla Co Ltd (The Shilla Duty Free): Close ₩126,000 Change +0.80%, 52-week High ₩143,000; 52-week Low ₩83,600       Japan Airport Terminal Co: Close ¥5,570, Change +1.64%, 52-week High ¥8,320; 52-week Low ¥3,580       Lagardère (Aelia, LS travel retail, Relay): Close €24.41, Change -0.08%, 52-week High €30.23; 52-week Low €17.83       LVMH (DFS Group, Starboard Cruise Services): Close €150.95, Change -0.12% 52-week High €176.60; 52-week Low €109.41       MISR Duty Free Shops: Close 3.46, Change +1.16%, 52-week High 4.39, 52-week Low 3.09      

JR/Duty Free extends duty free contract at Christchurch Airport until mid-2023

NEW ZEALAND. Christchurch International Airport Limited (CIAL) and JR/Duty Free have extended their duty free partnership for a further five years to mid-2023, with the companies saying the new contract reflected a "shared focus" on improving the passenger experience.

Dubai confirmed as world’s busiest airports by international traffic

INTERNATIONAL. ACI's latest World Traffic Report confirms Dubai as the world's busiest airport for international traffic in 2014, followed by Heathrow and Hong Kong.

Shinsegae Duty Free to relocate flagship Busan store & open Incheon

SOUTH KOREA. Momentous days for Shinsegae Duty Free as it prepares a stunning new location in Busan and begins its new Incheon Airport concessions.

Sydney Airport moves to phase three of its Terminal 1 transformation

AUSTRALIA. Phase includes the first stage opening of a huge Heinemann duty free store in Departures as well as the company's Arrivals B duty free store.

Elior appoints Pedro Fontana as Global CEO of concessions division

SPAIN. Elior has appointed highly experienced industry executive Pedro Fontana to be the Global CEO of its Elior Concessions division.

Qatar Duty Free unveils RED Restaurant at Hamad International Airport

QATAR. Qatar Duty Free is serving up a celebration of world culinary cultures with the new restaurant RED in Hamad International’s North Node.

World Duty Free Group launches ‘Style Goes Live’ campaign across network

UK. World Duty Free Group is to host a series of events under its ‘Style Goes Live’ campaign during September, with support from leading brand owners.

First-half duty free income flat for Norwegian airports group Avinor

NORWAY. Airport group Avinor has reported that sales and rental income from duty free sales climbed marginally in the first half of 2015, compared to H1 2014.

The Moodie Blog: Remembering that even golden eggs can crack

The reality is that those chaebols, Lotte and Shilla, have done an extraordinary job in creating the world’s biggest duty free market and in driving Chinese tourism.

BRAND NEWS

Nuance claims global exclusive with Kairos smartwatch launch in Hong Kong

HONG KONG. The mechanical smartwatch is available for the first time in travel retail at Dufry-owned Nuance’s Sound & Vision stores at Hong Kong Airport.

Paris Hilton brand poised to make debut in global travel retail

The Paris Hilton brand will be represented in travel retail by Unique Luxury Goods in the western hemisphere and International Brands Group (IBG) globally.

Scorpio Worldwide updates Pierre Cardin jewellery for Cannes

Scorpio says its revamped collection will present classic and contemporary designs and offer quality and value for money for travelling shoppers.

YSL Beauté targets Chinese travellers with DFS T Galleria Hong Kong counter

YSL Beauté Travel Retail Asia Pacific opened its latest counter at DFS T Galleria Hong Kong, Causeway Bay, on 23 August, targeting young Chinese travellers.

Tommy Hilfiger serves an ace with tennis icon Rafael Nadal

USA. The brand’s Founder Tommy Hilfiger says: “Rafael embodies an effortless sense of style that exemplifies and reflects our brand spirit – he’s confident, fun and cool.”

Pernod Ricard reports drop in full-year profits while sales rebound

FRANCE. Pernod Ricard posts a -15% slide in full-year net profit after being hit by a write-down on Absolut vodka; sales grew by +8% after a 2014 decline.

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Features

The Shilla Duty Free prepares big openings in Seoul, Incheon and Changi – but no Chanel beauty for Incheon

SOUTH KOREA. As its Korean business recovers from the MERS crisis and the Changi Airport perfumes & cosmetics concession shows a welcome upturn, The Shilla Duty Free is in increasingly optimistic mood about the future. Senior Executive Vice President and Head of The Shilla Duty Free, Jeong-Ho (Jason) Cha talked to The Moodie Report Chairman Martin Moodie in Seoul yesterday.