Travel Retail and Duty Free Business Intelligence    Thursday 17 April 2014

COMMERCIAL SALES RESULTS

Delhi Duty Free sales to grow by double digits in 2014, says ARI

Source: ©The Moodie Report - 17/04/14

INDIA. Sales at Delhi Duty Free are forecast to grow by at least +12% year-on-year in 2014 to “well in excess of €100 million”, according to ARI.

DFS starts year strongly in Hong Kong as LVMH posts solid revenue growth

Source: ©The Moodie Report - 09/04/14

INTERNATIONAL. LVMH hails an excellent start at DFS Group’s Hong Kong International Airport concessions but notes the impact of the weakened Japanese Yen on sales.

Dubai Duty Free sales grow by +10% in first quarter of 2014

Source: ©The Moodie Report - 02/04/14

UAE. Strong growth in the first three months of 2014 has put the retailer on track to reach its target of US$1.92 billion in sales this year.

Organic growth and new concessions spur The Nuance Group in 2013

Source: ©The Moodie Report - 01/04/14

SWITZERLAND. Nuance maintained EBITDA despite a fall in turnover, with organic growth and concession gains offsetting business lost in Hong Kong.

Budapest Airport spotlights Hungarian brands in SkyCourt retail drive

Source: ©The Moodie Report - 25/03/14

HUNGARY. The promotional campaigns for 2014 build on the success of last year’s promotions with Heinemann Duty Free, which saw sales increases of over +250%.

Offshore duty free drives Haikou Meilan Airport revenue growth in 2013

Source: ©The Moodie Report - 25/03/14

CHINA.The Hainan Island airport capitalised on strong passenger growth and retail expansion to post dramatically increased franchise and rental revenues.

Economic and political uncertainty hit Russian spend in the UK

Source: ©The Moodie Report - 24/03/14

RUSSIA. Tax free spend by Russian visitors to the UK fell by -17% in February as the country’s weakened economy dissuaded travel, Global Blue reports.

Patrón Spirits reports duty free sales surge; plots fresh innovation drive

Source: ©The Moodie Report - 24/03/14

Patrón Spirits has reported a +22% leap in duty free sales in 2013 year-on-year. Chief Operating Officer Dave Wilson outlines the company's recent progress.

Zürich Airport reports solid retail and F&B revenue growth on stable traffic

Source: ©The Moodie Report - 23/03/14

SWITZERLAND. Zürich Airport has reported a solid commercial performance in 2013, driven by healthy growth in retail and food & beverage operations.

Toronto Airport concession revenue boosted by retail and F&B moves

Source: ©The Moodie Report - 21/03/14

CANADA. Greater Toronto Airports Authority (GTAA) has reported a +3.6% rise in concession and rental revenues for the year ended 31 December 2013.

Changi business to drive transformation for Shilla Duty Free

Source: ©The Moodie Report - 17/03/14

SOUTH KOREA. Increased purchasing power and insulation against currency fluctuations will flow from Shilla’s Changi concession, says KDB Daewoo Securities.

Airport Commercial Revenues Study 2014 survey launched

Source: ©The Moodie Report - 13/03/14

INTERNATIONAL. Airports which submit data to the ACRS 2014, the industry's respected annual benchmarking survey, will receive a free copy of the report.

Autogrill sales slip in 2013 as Italian market and motorways suffer

Source: ©The Moodie Report - 13/03/14

ITALY. Autogrill has posted a -0.3% decrease in revenue for 2013, with a contraction in its home market of Italy offsetting growth in North America.

Dufry posts +7.8% rise in EBITDA for 2013; revenue increases by +13.3%

Source: ©The Moodie Report - 13/03/14

SWITZERLAND. Despite a heavy increase in Brazillian concession costs, Dufry maintains solid profits growth. Read on for full results.

Fraport reaches €4 retail revenue per passenger milestone in Q4 2013

Source: ©The Moodie Report - 07/03/14

GERMANY. A drive towards the €4-mark, reached in the last quarter but not the full year, was aided by recent retail investments at Frankfurt Airport.

Tallink Group shop and restaurant sales dip amid passenger decline

Source: ©The Moodie Report - 06/03/14

ESTONIA. Tallink Group retail and F&B sales dipped by -2% year-on-year in 2013, hitting €507.3 million, amid a fall in traffic on Finland-Sweden routes.

Vienna Airport retail arm posts marginal growth in 'challenging' 2013

Source: ©The Moodie Report - 27/02/14

AUSTRIA. Vienna Airport’s Retail & Properties division delivered revenue growth of +1.4% year-on-year in 2013, as traffic numbers declined.

Sydney Airport attracts 11 Expressions of Interest in duty free tender

Source: ©The Moodie Report - 26/02/14

AUSTRALIA. Sydney Airport has attracted 11 responses to the company's call for Expressions of Interest in its duty free tender, announced earlier this month.

ASUR reports strong year as Cancún drives passenger growth

Source: ©The Moodie Report - 25/02/14

MEXICO. The airport group has posted solid commercial growth in 2013, driven by traffic increases and new openings across its portfolio of nine Mexican airports.

Copenhagen Airports’ concession revenues dip amid duty free revamp

Source: ©The Moodie Report - 25/02/14

DENMARK. Concession revenues from Copenhagen Airports’ Shopping Centre dipped by -1% in 2013, as a duty free refurbishment hit concession income.

Changing Heathrow traffic mix hits net retail income per passenger

Source: ©The Moodie Report - 24/02/14

UK. Heathrow Airport’s net retail income posted a solid increase in 2013, but growth slowed in the key figure of net retail income per passenger in the year.

Network Rail posts robust retail growth in three months to December

Source: ©The Moodie Report - 24/02/14

UK. Network Rail retail sales climbed by +7.8% in like-for-like terms from September to December 2013, led by King's Cross and Manchester Piccadilly stations.

Aéroports de Paris buoyed by growth in retail revenues and average spend

Source: ©The Moodie Report - 20/02/14

FRANCE. Aéroports de Paris (AdP) today reported healthy growth in retail revenue for 2013, driven by a leap in airside sales per passenger, especially in duty free.

Denver Airport sets concession revenue record despite traffic dip

Source: ©The Moodie Report - 20/02/14

USA. Sales across the Colorado gateway’s dynamic concession programme grew by +5.15% last year to US$294.8 million, despite a slight loss of traffic.

Auckland Airport retail income hit by Australian tobacco restrictions

Source: ©The Moodie Report - 19/02/14

NEW ZEALAND. Auckland Airport's retail income lags behind passenger growth, hindered by big reductions in Australia's duty free tobacco allowance.

Bahrain Duty Free delivers profits boost despite sales decline

Source: ©The Moodie Report - 18/02/14

BAHRAIN. Bahrain Duty Free Shop Complex has delivered US$17.1 million in profits for 2013, ahead of the 2012 figure of US$16.9 million, despite falling sales.

Airports of Thailand buoyed by sharp increase in Q1 concession revenues

Source: ©The Moodie Report - 17/02/14

THAILAND. Airports of Thailand has reported a +10.63% leap in Q1 non-aeronautical revenues, with increased duty free concession income contributing.

Duty free and food services divisions buoy LS travel retail growth in 2013

Source: ©The Moodie Report - 17/02/14

FRANCE/INTERNATIONAL. LS travel retail’s sales growth in 2013, first reported last week, was fuelled by strong growth in duty free and food services.

Pernod Ricard confident in travel retail amid challenging climate

Source: ©The Moodie Report - 17/02/14

The company described travel retail as a priority and outlined a developing shop-in-shop strategy in comments on its first-half results. UPDATED.

Weak consumer confidence hits average spend at Schiphol Airport

Source: ©The Moodie Report - 14/02/14

NETHERLANDS. Average retail spend per passenger dipped by -4.8% last year, but Schiphol Group still saw an increase in revenues from concessions.

Abu Dhabi Duty Free revenues surge to record high in 2013

Source: ©The Moodie Report - 11/02/14

UAE. Retail revenue at Abu Dhabi Duty Free reached a record AED912.7 million (US$248 million) in 2013, a +13% surge year-on-year, says Abu Dhabi Airports.

Lotte and Shilla post double-digit duty free sales growth in 2013

Source: Yonhap News Agency - 11/02/14

SOUTH KOREA. Lotte and Shilla each posted double-digit sales growth last year on the back of remarkable spending by Chinese tourists, reports local media.

LS travel retail posts fine performance in 2013 as sales grow +5%

Source: ©The Moodie Report - 11/02/14

FRANCE. The retailer has reported sales growth in all countries over the year, including a strong +29.5% increase in like-for-like sales in Asia.

Commercial revenue outpaces passenger growth at Macau Airport

Source: ©The Moodie Report - 10/02/14

MACAU. Non-aeronautical revenue climbed +15% in 2013 as traffic increased by +12% to 5.02 million passengers, with new Chinese routes fuelling the growth.

Gebr Heinemann reveals €3.2 billion revenues, details global vision

Source: ©The Moodie Report - 06/02/14

GERMANY. At a landmark media briefing in Hamburg this week, Heinemann outlined its global ambitions, financial break-down and heavy investment strategy.

Middle East travel retail sales shine in Diageo first-half results

Source: ©The Moodie Report - 04/02/14

The drinks company saw double-digit growth in the Middle East travel retail market driven by growing tourism and super/ultra-premium offerings.

Ryanair makes Q3 loss despite strong ancillary revenue growth

Source: ©The Moodie Report - 04/02/14

IRELAND. The low-cost carrier blamed its third-quarter loss on a fall in the average price of fares and the weakness of the Pound against the Euro.

Strong DFS Group performance buoys LVMH Selective Retailing in 2013

Source: ©The Moodie Report - 30/01/14

INTERNATIONAL. Strong sales at DFS Group made a key contribution to double-digit revenue growth at LVMH’s Selective Retailing business in 2013.

Changi Airport posts S$2 billion in retail sales as traffic hits record high

Source: ©The Moodie Report - 28/01/14

SINGAPORE. Retail sales at Changi Airport grew +9% to over S$2 billion (US$1.57 billion) in 2013, with an average of 120,000 transactions recorded per day.

Major refurbishments drive retail growth for Manchester Airports Group

Source: ©The Moodie Report - 22/01/14

UK. Manchester Airports Group unveils strong retail performances for Manchester and East Midlands as Stansted numbers are released for the first time.

Rémy Cointreau sees continued slowdown in sales in Chinese market

Source: ©The Moodie Report - 21/01/14

Sales for the first nine months of the financial year declined organically by -9.4%, due to a significant slowdown in the third quarter in the Chinese market.

Strong growth for Canadian airport duty free sales in 2013

Source: ©The Moodie Report - 20/01/14

CANADA. Airport duty free sales in Canada hit C$273 million (US$249.6 million) in 2013, up +9% on the previous year; land border sales rose marginally.

Travel F&B group SSP posts solid rise in sales, strong growth in EBITDA

Source: ©The Foodie Report - 17/01/14

UK.Travel F&B specialist SSP Group posts strong EBITDA growth for the year ended 30 September 2013. UPDATED story with comments from CEO Kate Swann.

Hainan Province offshore duty free sales surge by +40% in 2013

Source: Xinhuanet; The Moodie Report China - 15/01/14

CHINA. Sales from offshore duty free shopping in Hainan Province surged by +40% in 2013, with total sales reaching CNY3.3 billion (US$545 million).

Strong value drives Duty Free International third quarter revenues

Source: ©The Moodie Report - 14/01/14

MALAYSIA. The ZON Duty Free's parent company recorded a +15.7% increase in revenues, although profit growth was hit by increased rental costs.

Dubai Duty Free posts record US$1.8 billion in sales in 2013

Source: ©The Moodie Report - 02/01/14

UAE. Dubai Duty Free set a new sales record of US$1.8 billion in 2013, a surge of +11.4% over 2012. The year ended with a monthly sales record in December.

Korean Air set to post inflight duty free sales of US$194 million in 2013

Source: ©The Moodie Report - 24/12/13

SOUTH KOREA. Driven by strong sales of cosmetics and liquor, Korean Air is on track to post inflight duty free sales of US$194 million in 2013.

Dubai Duty Free set for all-time daily sales record on 30th anniversary

Source: ©The Moodie Report - 20/12/13

UAE. Dubai Duty Free sales on its 30th anniversary (today) hit AED83.5 million (US$23.2 million) by 6pm – smashing the all-time full day record of US$21 million.

Dubai Duty Free aims to pass US$21 million in anniversary day sales

Source: ©The Moodie Report - 17/12/13

UAE. Dubai Duty Free is aiming to exceed last year’s anniversary day sales of US$21 million on Friday 20 December, when the retailer turn 30 years old.

Canadian airport duty free sales see double-digit growth in October

Source: ©The Moodie Report - 04/12/13

CANADA. Airport duty free sales in Canada rose +12.0% to C$23 million in October, while land border duty free sales were up +3.6% to C$13 million.