Travel Retail and Duty Free Business Intelligence    Thursday 31 July 2014


Aéroports de Paris retail revenue shows solid increase in first half

Source: ©The Moodie Report - 31/07/14

FRANCE. Aéroports de Paris retail revenue rose by +3% in first-half 2014, with duty paid activities and new shops in Terminal 2F making a strong contribution.

Dufry accelerates organic growth as turnover rises +6.7% in first half

Source: ©The Moodie Report - 30/07/14

SWITZERLAND. The retailer has posted strong turnover for the first six months of the year, driven by organic growth, including the opening of 16,200sq m of retail space in the period. Having executed several key expansion projects, the group’s attention now turns to closing and integrating its “transformational” acquisition of The Nuance Group, says Dufry CEO Julián Díaz.

Heathrow posts marginal retail growth amid T5 luxury investment

Source: ©The Moodie Report - 25/07/14

UK. The strong Sterling and investment in a luxury extension at Terminal 5 suppressed retail income growth at London Heathrow Airport in the first half.

Sales rise but weak Yen and heavy investment costs hit DFS profits

Source: ©The Moodie Report - 25/07/14

INTERNATIONAL. LVMH's Selective Retailing division, which includes DFS Group, posted a -3% fall in profits for the first half of 2014 to €398 million.

Shilla turns in stellar Q2 results as Chinese boom continues

Source: ©The Moodie Report; KB Daewoo Securities - 25/07/14

SOUTH KOREA. Hotel Shilla, parent company of The Shilla Duty Free, turns in a fine 2Q performance amid a sustained rise in Chinese tourism and travel shopping.

Macau Airport completes tender evaluation as H1 revenue grows +18%

Source: ©The Moodie Report - 22/07/14

CHINA (MACAU). Macau Airport has finished evaluating bids for its recent duty free tender, it announced this week as it releases figures for the first half of 2014.

Canadian airports post double-digit duty free sales growth in May

Source: ©The Moodie Report - 21/07/14

CANADA. Canadian duty free airport sales surged by +20% to C$24.0 million (US$22.35 million), while land border sales were down -1.5% to C$12.3 million.

Rémy Cointreau posts quarterly sales decline as Asian sales slow

Source: ©The Moodie Report - 18/07/14

The Cognac and spirits supplier has pointed to continued destocking in Asia as the prime reason behind a -15.3% decrease in sales of Rémy Martin.

Delhi Duty Free posts record June as sales cross US$11 million mark

Source: ©The Moodie Report - 11/07/14

INDIA. Delhi Duty Free has posted a record US$11.66 million in sales for the month of June, thanks to a host of customer-centric promotions.

Travel retail and Chinese demand to drive Ferragamo in second half

Source: ©The Moodie Report - 27/06/14

Salvatore Ferragamo CEO Michele Norsa expects group results to improve in the second half of 2014 on the back of strong demand in China and in global travel retail.

Gatwick Airport posts +9.7% growth in retail income amid record traffic

Source: ©The Moodie Report - 26/06/14

UK. London Gatwick Airport turns in a strong performance for the year ended 31 March 2014, as retail income and per-passenger spending rise sharply.

New licences and sales surge boost Hong Kong Airport results

Source: ©The Moodie Report - 25/06/14

HONG KONG. Retail and advertising revenue surged by +23.2% at Hong Kong International Airport in the latest financial year, hitting US$794 million.

Travel retail shines in record fiscal year for Oettinger Davidoff Group

Source: ©The Moodie Report - 23/06/14

Despite a slight downturn in sales caused by divestment in the non-core business, Oettinger Davidoff posts strong global sales growth for its Davidoff brand in 2013.

Travel food specialist SSP posts surge in operating profit in first half

Source: ©The Moodie Report - 09/06/14

INTERNATIONAL. SSP has posted a +16.6% surge in operating profit (+28.2% at constant exchange rates) for the six months to 31 March.

Network Rail outperforms high street with +5.6% quarterly sales growth

Source: ©The Moodie Report - 05/06/14

UK. Network Rail has reported +5.6% sales growth across its 16 stations in the quarter ended March 2014, exceeding high street growth of +0.5% during the same period.

Dufry CEO hails Nuance acquisition as a global powerhouse is born

Source: ©The Moodie Report - 04/06/14

INTERNATIONAL. Dufry CEO Julián Díaz talks about the impact of the Nuance acquisition, the integration plan and the company's ambitions for category growth.

LS travel retail forecasts +5-10% annual sales growth to 2016

Source: ©The Moodie Report - 29/05/14

INTERNATIONAL. LS travel retail is forecasting sales growth of +5-10% a year to 2016, and plans to lift EBITDA margin by one percentage point.

Middle Eastern shoppers boost UK tax free sales; Russian spend plummets

Source: ©The Moodie Report - 28/05/14

UK. Visitors from Qatar, Kuwait and the UAE grew spend strongly in April, reinforcing their positions in Global Blue's top five global shopper nations.

ADP posts sound Q1 retail showing as sales per passenger increase

Source: ©The Moodie Report - 22/05/14

FRANCE. Duty paid sales per passenger rose by +6.4% in the quarter for Aéroports de Paris but duty free sales, hit by unfavourable currency rates, were flat.

Armani posts record results for 2013 as revenues exceed €2 billion

Source: ©The Moodie Report - 21/05/14

ITALY. Consolidated revenues grew by +4.5% to €2.186 billion, with retail playing a key role: the channel grew by +6.9% and retail turnover totalled €7.754 billion.

Airports of Thailand profits drop as instability chokes traffic growth

Source: ©The Moodie Report - 14/05/14

THAILAND. Non-aeronautical revenue growth in Q1 could not offset falling aeronautical revenue and lower currency gains as traffic growth slowed.

World Duty Free Group sales grow as higher rents and demerger debt hit profit

Source: ©The Moodie Report - 14/05/14

ITALY. WDFG sales grew by +10.2% in Q1, outstripping traffic growth in its core markets. But higher rent payments and the dilutive effect of World Duty Free Group’s new US retail business hit EBITDA.

Currency effect slows LS travel retail momentum in challenging quarter

Source: ©The Moodie Report - 13/05/14

FRANCE. The retailer’s business performed strongly at constant exchange rates, but a ‘very unfavourable’ currency effect hindered the result.

TAV net profits soar +28% despite pressure on Atatürk retail revenues

Source: ©The Moodie Report - 12/05/14

TURKEY. Shop renovations at Istanbul Atatürk Airport and currency weakness hit retail revenues as the airport group posts a strong Q1 result.

Long-haul passenger decline hits Fraport retail spends in Q1

Source: ©The Moodie Report - 08/05/14

GERMANY. Fraport Group’s retail revenues and average spend per passenger were hit by a dip in intercontinental traffic in Q1 2014.

ARI overseas profits hit €29.4 million; Dublin and Cork stores flourish

Source: ©The Moodie Report - 07/05/14

IRELAND/INTERNATIONAL. ARI's offshore operations post €29.4 million profit in 2013, boosted by €11.3 million in exceptional items, mainly from the disposal of its share in Aerofirst.

Bahrain Duty Free Shop profits and sales surge in first quarter

Source: ©The Moodie Report - 07/05/14

BAHRAIN. The company attributed a +9% increase in sales to marketing projects and shop upgrades in the first three months of the year.

Dufry posts solid turnover and EBITDA growth in first quarter of 2014

Source: ©The Moodie Report - 06/05/14

INTERNATIONAL. Dufry’s turnover grew by +9.0% at constant exchange rates in Q1 2014, though there was a strong currency impact in key markets.

Lotte posts +14% rise in Q1; gets set to open revamped Guam stores

Source: ©The Moodie Report - 06/05/14

SOUTH KOREA. Lotte Duty Free posted a +14% rise in Q1 sales, as its Guam Airport offer is nearing completion and its Lotte World Tower project is being finalised.

Retail and food & beverage sales help drive Tampa International revenues

Source: ©The Moodie Report - 02/05/14

USA. Tampa International Airport posted solid revenue growth in the first half of its financial year, with retail and food & beverage making a strong contribution.

Crimea crisis hits Russian and Ukrainian tax free spend in Q1 2014

Source: ©The Moodie Report - 29/04/14

RUSSIA/UKRAINE. Tax refund company Global Blue reveals that the regional crisis is having a big impact on overseas spend by the countries’ travellers.

Heathrow Airport shows flat retail performance in first quarter

Source: ©The Moodie Report - 28/04/14

UK. Heathrow Airport’s retail income increased +0.9% to £108 million in the three months ended 31 March 2014, the company reported today.

Shilla hits all-time first quarter high as Chinese spend boosts market

Source: ©The Moodie Report - 28/04/14

SOUTH KOREA. The Shilla Duty Free has posted an all-time sales high in 1Q2014, as Chinese visitor numbers and spending offset declining Japanese figures.

Eraman delivers double-digit sales growth; revenue per passenger dips

Source: ©The Moodie Report - 25/04/14

MALAYSIA. Malaysia Airports’ retail division Eraman delivered +11.2% revenue growth in Q1 2014, as revenue per passenger fell to MYR11.33 (US$3.45).

Sharp Chinese slowdown hits Pernod Ricard sales in first nine months

Source: ©The Moodie Report - 25/04/14

A -7% net sales dip in the first nine months of FY2013/14, impacted primarily by the luxury-related slump in China (-21%), is partially offset by India and travel retail.

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.