Travel Retail and Duty Free Business Intelligence    Tuesday 21 April 2015

COMMERCIAL SALES RESULTS

Westfield reports soaring sales at Chicago O’Hare Terminal 5

Source: ©The Moodie Report - 15/04/15

USA. The transformation of Chicago O’Hare’s International Terminal (T5) has delivered surging commercial sales growth, according to master developer Westfield.

DFS revenues hit by 'currency and geopolitical developments' in Q1

Source: ©The Moodie Report - 13/04/15

INTERNATIONAL. LVMH posted a +16% increase in reported Q1 2015 revenue, but DFS continued to be affected by "a complex situation in Asia".

Canadian duty free sales see positive growth in February 2015

Source: ©The Moodie Report - 01/04/15

CANADA. Both airport and land border duty free sales posted increases in February, growing by +13% and +1% respectively to exceed C$35 million in total.

Gebr Heinemann reveals annual sales, unveils €130 million investment plan

Source: ©The Moodie Report - 31/03/15

GERMANY. Gebr Heinemann has reaffirmed its desire to remain independent in a fast-consolidating travel retail sector, and plans to invest €130 million this year.

South Korean duty free surges +21.6% in 2014 on Chinese travel boom

Source: ©The Moodie Report - 31/03/15

SOUTH KOREA. Soaring Chinese arrivals and spending spurred a +21.6% increase in South Korean duty free sales last year to KW8.3 trillion (US$7.5 billion).

Fraport Group retail revenue per passenger dips sharply in 2014

Source: ©The Moodie Report - 19/03/15

GERMANY. Fraport Group has reported its annual results, with the key performance indicator of net retail revenue per passenger falling by -4.7% to €3.43.

Dufry turnover hits record high despite currency impact in key markets

Source: ©The Moodie Report - 11/03/15

INTERNATIONAL. Dufry Group turnover hit a new annual high in 2014, climbing +17.5% year-on-year, despite the impact of the strong Swiss Franc.

World Duty Free Group posts double-digit revenue rise in 2014

Source: ©The Moodie Report - 11/03/15

INTERNATIONAL. World Duty Free Group (WDFG) revenues climbed by +15.8% year-on-year to hit €2,406.6 million in 2014 (+13.7% at constant exchange rates).

Denver Airport sets revenue record for minority-owned concessions

Source: ©The Moodie Report - 09/03/15

USA. Minority- and women-owned concessions delivered record revenues in 2014 at Denver Airport, accounting for close to 40% of commercial sales.

Safilo Group revenues cross billion-Euro mark in 2014 financial year

Source: ©The Moodie Report - 06/03/15

The Italian eyewear company posted €1.18 billion in revenues in 2014, a growth of +5.1%, buoyed by the Americas market and sales of its Polaroid and Smith brands.

Retail delivers solid performance for Vienna Airport in 2014

Source: ©The Moodie Report - 03/03/15

AUSTRIA. Vienna Airport’s Retail & Properties division posted a +2.2% year-on-year rise in revenue in 2014, driven by the shopping and gastronomy business.

Sydney Airport posts robust growth in retail revenues for 2014

Source: ©The Moodie Report - 03/03/15

AUSTRALIA. Sydney Airport has revealed a +5.6% rise in retail revenue for 2014, to A$255.2 million (US$200 million), and high ambitions to drive Chinese traffic.

Copenhagen Airport Shopping Centre posts solid revenue rise in 2014

Source: ©The Moodie Report - 26/02/15

DENMARK. The increased revenue is a result of record passenger numbers as well as improved food & beverage offerings and speciality shop concepts.

Denver International posts all-time high concessions sales in 2014

Source: ©The Moodie Report - 25/02/15

USA. Denver Airport generated more than US$322.8 million in gross concessions revenue in 2014, marking the second consecutive year of record sales.

Heathrow Airport posts 1.5% rise in net retail income per passenger

Source: ©The Moodie Report - 23/02/15

UK. Heathrow Airport retail income climbed by +2.4% to £503 million in 2014. Income to the airport from duty and tax free operations climbed by +1.6%.

Abu Dhabi Duty Free breaks billion Dirham barrier with +10.5% revenue rise

Source: ©The Moodie Report - 22/02/15

UAE. Beauty up strongly (40,000 litres of fragrance sold), overall sales up by +10.5%. 2014 was a banner year for Abu Dhabi Airport Duty Free.

TAV Airports posts rise in revenues and surge in net profits for 2014

Source: ©The Moodie Report - 19/02/15

TURKEY. TAV Airports has reported a +9% jump in revenue for 2014, with net profits surging by +64%, but duty free spend per passenger dipped in the year.

Strong Swiss Franc hits Zürich Airport commercial performance in January

Source: ©The Moodie Report - 18/02/15

SWITZERLAND. The impact of the surging Swiss Franc against the Euro continues to hit sales to consumers at Zürich Airport, as the latest commercial figures show.

Bahrain Duty Free posts record profits of US$22.7 million in 2014

Source: ©The Moodie Report - 17/02/15

BAHRAIN. Bahrain Duty Free has announced record net profit of US$22.7 million for the year ended 31 December 2014, with sales rising by +7.8%.

Pernod Ricard first-half sales hampered by later Chinese New Year

Source: ©The Moodie Report - 12/02/15

H1 sales are up +1% year-on-year (+2% when restated for Chinese New Year), driven by a strong travel retail performance and a "gradual" improvement in China.

Duty free division shines in Hotel Shilla fourth quarter results

Source: ©The Moodie Report - 11/02/15

SOUTH KOREA. Duty free sales surged by +27.1% year-on-year to KRW659 billion (US$0.6 billion), boosted by +39% growth in downtown revenues.

Strong travel retail sales performance buoys Lagardère Services in 2014

Source: ©The Moodie Report - 10/02/15

FRANCE. A strong performance from travel retail helped lift Lagardère Services’ net sales by +1.8% in 2014, with the figure hitting €3.81 billion. UPDATED.

Canadian airport duty free sales see strong growth in 2014

Source: ©The Moodie Report - 05/02/15

CANADA. Canadian airport duty free sales increased by a solid +18% to hit C$322 million (US$257 million) in 2014, while land border sales fell -1.61% during the year.

Luxottica posts net sales of over €7.6 billion in 2014; names new co-CEOs

Source: ©The Moodie Report - 05/02/15

Luxottica Group SpA has closed 2014 with net sales growth of +5.3% as it announces Adil Khan as CEO Markets and Massimo Vian as CEO Product & Operations.

Currency impact and geopolitics dampen DFS performance in 2014

Source: ©The Moodie Report - 03/02/15

INTERNATIONAL. The LVMH Selective Retailing division, which includes DFS Group, has reported a +7% rise in revenues but a -3% dip in profits in 2014.

Seattle-Tacoma Airport duty free sales climb to US$21 million in 2014

Source: ©The Moodie Report - 03/02/15

USA. Duty free sales at Seattle-Tacoma Airport climbed by +27% year-on-year to a record US$21 million in 2014, amid a strong overall commercial performance.

‘A high price island’: Zürich Airport adapts to strong Swiss Franc

Source: ©The Moodie Report - 26/01/15

SWITZERLAND. Zürich Airport posts an impressive commercial performance in 2014 but it faces huge challenges as the result of the rebased Swiss Franc.

Rémy Cointreau reports uptick in Rémy Martin sales in third quarter

Source: ©The Moodie Report - 23/01/15

Organic sales decline in Asia Pacific has eased markedly over the past few months, with total 3Q sales reaching €269.1 million and sales of Rémy Martin up +0.4%.

Richemont third-quarter sales hit by weak demand in Asia Pacific

Source: ©The Moodie Report - 19/01/15

INTERNATIONAL. Richemont has posted third-quarter sales of €3.05 billion, with growth in Europe and the Americas offset by a significant decline in Asia Pacific.

World Duty Free Group outlines three-year plan; targets €3 billion in sales by 2017

Source: ©The Moodie Report - 16/01/15

INTERNATIONAL. World Duty Free Group has outlined a three-year plan based on maximising its existing portfolio, improving profits in Spain and expanding in the USA.

Iraq Duty Free posts double-digit sales growth in 2014 despite conflict

Source: ©The Moodie Report - 11/01/15

IRAQ. Iraq Duty Free has reported a +16% climb in sales in 2014, despite conflict that forced the operation’s closure at Baghdad Airport for several months. Iraq Duty Free is upbeat about prospects for 2015 and is targeting a sales uplift of +25% to +30% due to "increased passenger figures, a growing middle class and new routes agreed by Iraqi Airways".

Canadian airport duty free sales surge in November; land border sales fall

Source: ©The Moodie Report - 05/01/15

CANADA. Duty free sales at Canadian airports surged by +21% year-on-year in November, while land border sales posted a decline of -5.75% in the month.

Incheon Airport hits US$2 billion world record duty free sales

Source: ©The Moodie Report - 05/01/15

SOUTH KOREA. With its mega duty free tender just 25 days from closing, Incheon International Airport announces annual duty free sales of US$2 billion in 2014.

Higher & higher: Dubai Duty Free posts record US$1.9 billion 2014 sales

Source: ©The Moodie Report - 04/01/15

UAE. Dubai Duty Free has announced record sales of US$1.917 billion (AED6.99 billion) for 2014, representing a leap of more than +7% over 2013.

25% discount prompts US$51.7 million Dubai Duty Free shopping spree

Source: ©The Moodie Report - 22/12/14

UAE. Over a three-day period Dubai Duty Free recorded 405,407 sales transactions, issued 3,812 pallets of merchandise and sold US$51.74 million of duty free items.

Haikou Meilan Duty Free sales hit US$129 million in first 11 months

Source: ©The Moodie Report China - 22/12/14

CHINA. Haikou Meilan Airport Duty Free Co sales surged by +47% year-on-year in the first 11 months of 2014, driven by store expansion and a wider range of brands.

Tender interest rises as Incheon Airport hits all-time duty free sales high

Source: ©The Moodie Report - 17/12/14

SOUTH KOREA. Incheon International Airport is on course to race past the US$2 billion mark in duty free sales in 2014 after reaching an all-time annual high.

UK tax free spend shrinks to November as top spenders maintain growth

Source: ©The Moodie Report - 12/12/14

UK. Shopping spend by international visitors declined by -4% in the first 11 months of the year, based on tax refund calculations by Global Blue.

Manchester Airports Group reports robust growth in half-year results

Source: ©The Moodie Report - 09/12/14

UK. Manchester Airports Group has reported a solid financial performance for the six months to 30 September, aided by passenger traffic and commercial growth.

Airports of Thailand profits slump -25% but duty free performs well

Source: ©The Moodie Report - 28/11/14

THAILAND. A healthy non-aeronautical revenues showing, particularly from King Power International Group's duty free stores, helped alleviate difficult conditions.

Retail and advertising revenues buoy Airport Authority Hong Kong

Source: ©The Moodie Report - 26/11/14

HONG KONG. Strong growth in commercial concessions revenue buoyed Airport Authority Hong Kong’s performance in the six months to 30 September.

World Duty Free Group shares rebound amid merger speculation

Source: ©The Moodie Report - 25/11/14

SPAIN. The retailer’s share prices has surged by more than +14% over the past ten days, with media speculation prompting a sharp hike late last week.

UK tax free spend down in October as Russian turmoil hits sales

Source: ©The Moodie Report - 21/11/14

UK. Russian visitors are no longer among the ten biggest tax free shopping nationalities in the UK, according to tax refund company Global Blue.

Gatwick Airport retail improvements boost spend as traffic surges

Source: ©The Moodie Report - 20/11/14

UK. Passenger traffic grew by +8.0% in the six months to 30 September as recent investments across both terminals drove income per passenger higher.

Network Rail retail and F&B sales buck UK trend in third quarter

Source: ©The Moodie Report - 18/11/14

UK. Sales at the company’s 18 rail stations grew by +6.23% like-for-like between July and September as high street sales in the UK fell by -0.05%.

LS travel retail stands out for Lagardère over first nine months

Source: ©The Moodie Report - 14/11/14

FRANCE. Travel retail turned in a strong performance for French media-to-retail group Lagardère for the first nine months, helping offset difficult conditions elsewhere.

Aéroports de Paris posts solid retail revenue growth in first nine months

Source: ©The Moodie Report - 13/11/14

FRANCE. Aéroports de Paris’ retail revenue climbed by +3.2% year-on-year in the first nine months, with a strong performance from duty paid activities.

Autogrill Group posts marginal decline in nine-month revenue and EBITDA

Source: ©The Moodie Report - 13/11/14

INTERNATIONAL. Autogrill Group consolidated revenues for the first nine months of 2014 hit €2,868.6 million, down by -0.9% year-on-year.

Emirates heads off unprecedented challenges to deliver growth

Source: ©The Moodie Report - 12/11/14

UAE. The Dubai-based airline’s profit increased by +8%, and passenger traffic by +8.4%, despite external difficulties in the first half of the fiscal year.

Traffic spur drives strong nine-month sales at Bahrain Duty Free

Source: ©The Moodie Report - 12/11/14

BAHRAIN. A +10.83% passenger traffic gain at Bahrain International Airport has driven +8.6% growth in sales for Bahrain Duty Free, reaching US$54.9 million for the nine months.