Travel Retail and Duty Free Business Intelligence    Tuesday 02 September 2014

COMMERCIAL SALES RESULTS

Amsterdam Airport Schiphol average retail spend falls sharply in first half

Source: ©The Moodie Report - 29/08/14

NETHERLANDS. Schiphol Group announced first-half results today, with the key figure of average retail spend per departing passenger airside falling sharply.

Meilan Airport sales surge as Hainan Airlines launches pre-order service

Source: ©The Moodie Report - 29/08/14

CHINA. Meilan Airport Offshore Duty Free Shop sales grew +58.6% in the first half of the year, while a new pre-order partnership is set to boost business in the second half.

Distell posts double-digit revenue growth as sales volumes grow +3.1%

Source: ©The Moodie Report - 26/08/14

Revenue for 2014 rose by +12.8% to R17.7 billion (US$1.65 billion) in “a climate of persistently tough trading conditions”, said the South African drinks producer.

Tallink Group posts dip in retail and restaurant sales in H1 2014

Source: ©The Moodie Report - 25/08/14

NORDIC REGION. Tallink Group, the world’s largest maritime travel retailer, posted a -1% dip in retail and restaurant sales in the six months to June 2014.

International traffic recovery boosts Beijing Airport retail revenues

Source: ©The Moodie Report - 22/08/14

CHINA. Beijing Capital International Airport posts a +3.0% revenue rise from retail concessions as international passenger traffic growth accelerates by +5.4%.

Catering and retail revenues slip at gategroup in first half of 2014

Source: ©The Moodie Report - 21/08/14

INTERNATIONAL. Catering and retail revenues at inflight specialist gategroup dipped by -2.9% to CHF743.7 million (US$814 million) in the first half.

Thai airports buoyed by concession revenue gains amid weak traffic growth

Source: ©The Moodie Report - 20/08/14

THAILAND. Airports of Thailand has delivered a detailed breakdown of its nine-month results, offering an insight into passenger traffic and revenue trends.

Strong sales growth for Andrew Peller Ltd as Peller Estates sweeps awards

Source: ©The Moodie Report - 19/08/14

The company has reported strong sales performance for the first quarter of the 2015 fiscal year, as it celebrates several award wins for Peller Estates Icewines.

Vienna Airport profit grows as currency weakness hits Russian and Turkish spend

Source: ©The Moodie Report - 19/08/14

AUSTRIA. Slower spending from key passenger groups dented retail and food & beverage revenues at Vienna Airport, up by just €0.4 million.

Chinese shoppers buck the trend in Q2 with +9% rise in total tax free spend

Source: ©The Moodie Report - 15/08/14

INTERNATIONAL. China was the only leading outbound tourist nation not to record a drop in total tax free spending during the second quarter of 2014.

Airports of Thailand buoyed by Q3 non-aeronautical revenue growth

Source: ©The Moodie Report - 13/08/14

THAILAND. Total revenues at Airports of Thailand fell -6.37% in Q3 2014, but non-aeronautical revenues surged ahead with +6.7% growth in the period.

Copenhagen Airports buoyed by commercial performance in first half

Source: ©The Moodie Report - 12/08/14

DENMARK. Copenhagen Airports has reported a +5.6% surge in H1 Shopping Centre concession revenue, buoyed by healthy retail and F&B results.

Bahrain Duty Free sales surge in first half; profits fall marginally

Source: ©The Moodie Report - 11/08/14

BAHRAIN. Bahrain Duty Free Shop Complex has reported a +10.6% year-on-year sales surge in H1 2014, to US$36.5 million, though profits dipped by -1.7%.

TAV Airports’ retail revenues hit by renovations and currency impact

Source: ©The Moodie Report - 08/08/14

TURKEY. Leading airports group TAV reported a surge in first-half profits, though retail revenues were held back by the impact of shop renovations and currency.

Canadian airport duty free sales continue uptrend in June 2014

Source: ©The Moodie Report - 07/08/14

CANADA. Airport duty free sales in Canada rose +14.0% to C$27.0 million in June, while land border duty free sales were down -0.68% to C$13.3 million.

Fraport retail revenue dips in first half; group hails benefits of Airmall deal

Source: ©The Moodie Report - 07/08/14

GERMANY. Frankfurt Airport owner Fraport today reported a -4.4% slide in revenue from its Retail & Real Estate segment to €218.7 million in H1 2014.

Healthy commercial growth buoys Malaysia Airports in first half

Source: ©The Moodie Report - 01/08/14

MALAYSIA. Malaysia Airports' non-aeronautical revenue grew by +7.2% for the six months ended 30 June 2014, driven by higher commercial and retail revenue.

LS travel retail performance lifts Lagardère Services in first half

Source: ©The Moodie Report - 01/08/14

FRANCE. LS travel retail sales climbed by +8.1% on a reported basis, and +4.3% like-for-like in the first half of 2014, parent group Lagardère has reported.

World Duty Free Group revenues climb but EBITDA falls in H1 2014

Source: ©The Moodie Report - 01/08/14

INTERNATIONAL. World Duty Free Group today reported a solid rise in first-half revenues but a dip in EBITDA for the period. UPDATED STORY.

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 posts a solid sales rise for the first half, driven by organic growth, including the opening of 16,200sq m of retail space in the period.

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.