Fast, Factual, Free    Saturday 31 July 2010

The Moodie Reportfolio Stock Watch 30 July - Daily move: Hellenic DFS: up +3.63%       Autogrill (Aldeasa, Alpha, HMSHost, World Duty Free): Close 9.50, Change -1.50%, 52-week High 10.61, 52-week Low 6.46       Dufry: Close 85.00, Change +0.24%, 52-week High 96.00; 52-week Low 37.20       Hellenic DFS: Close 4.71, Change +3.63%, 52-week High 7.01; 52-week Low 4.25       Japan Airport Terminal Co: Close 1,333 Change +1.91%, 52-week High 1,636; 52-week Low 1,024       Jordanian Duty Free Shops: Close 13.80, Change +2.60%, 52-week High 13.80; 52-week Low 9.20       Lagardère (Aelia; HDS Retail): Close 28.27, Change +1.67%, 52-week High 35.65; 52-week Low 24.08       Lotte Shopping Co: Close 360,000, Change +0.00%, 52-week High 379,000; 52-week Low 289,000       LVMH (DFS Group and Starboard Cruise Services): Close 93.62, Change +1.71%, 52-week High 96.96; 52-week Low 61.59       MISR Duty Free Shops: Close 4.64, Change +0.00%, 52-week High 5.19, 52-week Low 3.08       Stefanel (The Nuance Group): Close 0.64, Change +1.02%, 52-week High 6.28; 52-week Low 0.63      

TOP STORY

ITALY/INTERNATIONAL. International travel retail-to-catering giant Autogrill today posted a +5.4% increase in first-half consolidated revenues to €2,800.3 million (+4.2% at comparable rates). Consolidated EBITDA reached €265.7 million, +3.5% on the first half of 2009 (+2.3% at comparable rates). “In the first half we maintained our cash flow generation at consistent levels and recorded good sales growth in all our business segments, despite traffic trends which continue to be fairly volatile,” said Autogrill CEO Gianmario Tondato Da Ruos. “The summer is off to a good start and we expect to see a performance in line with our forecasts.”

US.Denver International Airport has unveiled plans for its South Terminal Redevelopment Programme. The US$900 million project, which includes a hotel, conference centre, downtown rail link, a signature rail bridge and a plaza, is scheduled for completion in 2016. Read on for details, images and a video of the new design.

BELGIUM. Brussels Airport retail revenues climbed by +2% year-on-year in the first half of 2010, to €22.3 million. Encouragingly, retail revenue per passenger rose by +4.8% in the half, reflecting the increasing proportion of non-EU traffic, as well as strong food & beverage revenues from a series of new airside concepts.

CLICK HERE FOR BRAND NEWS...

US (HAWAII). June was a boom month for Hawaiian tourism as visitor spending rose +16.1% over a depressed June 2009 and tourism numbers increased by +13.6%. The preliminary statistics, released this week by the Hawaii Tourism Authority, were highlighted by a +47.8% surge in Japanese visitors.

INTERNATIONAL. In this week's edition of The Moodie Report 7 Days, Dermot Davitt comments on a highly effective retailer-brand owner collaboration at London Heathrow T3, and on BAA’s strong first-half retail results. This edition also offers you a pithy executive insight into the major stories from the last week, together with up-to-the-minute traffic, travel and tourism information.

INTERNATIONAL. After a brief but spectacular tenure as Managing Director of Diageo Global Travel & Middle East (GTME), Phil Humphreys has passed the baton to his successor Jane Ewing before taking up a new senior role with Coca-Cola, based in Dubai. On the eve of his departure he reflected on the past two "rollercoaster" years in an interview with The Moodie Report Publisher Martin Moodie.

THAILAND. Thailand’s tourism industry performed strongly in the first six months of 2010, posting double-digit growth in international arrivals, according to the latest figures from Tourism Authority of Thailand (TAT). Arrivals from the Middle East led the way (+22.1%), followed by arrivals from South Asia (+16%), Europe (+15.9%), Asia (+12.3%) and the Pacific (+11.9%). Read on for details.

UK. It is with regret that we report the death of well-known and respected industry figure Michael Wynne, who passed away on Saturday, following an accident at his home. Wynne was owner of UK travel retail agency Pinemesh Management.

UK. Sunglasses brand Police is using WDF’s Contentainment digital media concept to engage with passengers this summer. To celebrate the launch of the movie ‘The Expendables’, bespoke digital content is being streamed on WDF’s Contentainment video walls in its stores at Heathrow T5, Gatwick South, Manchester, Glasgow, Jersey, Edinburgh, Birmingham and Bristol from 14 July to 24 August. And sales of the brand have already risen sharply two weeks into the campaign, says WDF.

US. Brown-Forman Travel Retail has announced two major changes for its French black raspberry liqueur brand Chambord, including a considerable revamp of the signature orb-shaped bottle. A new flavoured vodka will also be introduced in January 2011, designed to compete in the high-end segment.

INTERNATIONAL. International passenger demand among the world’s airlines climbed by +11.9% year-on-year in June, the International Air Transport Association (IATA) has reported. “There is no indication that the recovery will stall soon,” said IATA CEO Giovanni Bisignani. “But, with government stimulus packages tailing off and restocking largely completed, we expect some slowing over the months ahead.”

HONG KONG. The tobacco sector takes another blow as Hong Kong Customs & Excise spells out tough new duty free limits on tobacco for inbound travellers, effective 1 August. This follows the government’s budget, announced in February, in which Financial Secretary John Tsang revealed the measures on public health grounds. The new limits affect all travel retailers selling to Hong Kong-bound travellers, including Arrivals shops.

UK. Puig Travel Retail and WDF have aunched the world’s first Paco Rabanne cross-category pop-up shop at Heathrow Airport T3. The store will open for an initial three months, coinciding with the summer season. The 32sq m Paco Rabanne ‘universe’ houses fragrances, watches and sunglasses from the brand’s portfolio. WDF Commercial Director Jo O’Connor hails the project, saying it has delivered “great theatre”.

MORE NEWS...

AIRLINE NEWS

INTERNATIONAL. International passenger demand among the world’s airlines climbed by +11.9% year-on-year in June, the International Air Transport Association (IATA) has reported. “There is no indication that the recovery will stall soon,” said IATA CEO Giovanni Bisignani. “But, with government stimulus packages tailing off and restocking largely completed, we expect some slowing over the months ahead.”

INTERNATIONAL. International airline revenues jumped +43% to €11 billion (US$13.5 billion) in 2009, according to analysis from IdeaWorks, the airline ancillary revenues consultancy, and Amadeus, a leading travel technology partner and transaction processor. The findings show that United, American, Delta, Qantas and Ryanair were top ancillary revenue earners for 2009.

ASIA PACIFIC. June traffic figures released by the Association of Asia Pacific Airlines underline the economic recovery, the organisation said. Asia Pacific-based airlines carried 15.1 million international passengers in June, a +25.2% gain compared to the depressed volumes seen in June 2009.

MORE AIRLINE NEWS...

FOOD & BEVERAGE TOP STORY

ITALY/INTERNATIONAL. International travel retail-to-catering giant Autogrill today posted a +5.4% increase in first-half consolidated revenues to €2,800.3 million (+4.2% at comparable rates). Consolidated EBITDA reached €265.7 million, +3.5% on the first half of 2009 (+2.3% at comparable rates). “In the first half we maintained our cash flow generation at consistent levels and recorded good sales growth in all our business segments, despite traffic trends which continue to be fairly volatile,” said Autogrill CEO Gianmario Tondato Da Ruos. “The summer is off to a good start and we expect to see a performance in line with our forecasts.”

UK. BAA (SP), owner of Heathrow and Stansted airports, today announced a strong retail performance for the first six months. Net retail income rose by +10.2% despite the severe impact of the volcanic ash crisis and industrial action by BA cabin crew. BAA Chief Executive Colin Matthews said: "Heathrow is performing particularly well and achieved its highest-ever passenger satisfaction ratings."

MORE F&B...

PICTURE GALLERY

NORTHERN IRELAND. HMSHost has unveiled a striking new food & beverage offer at Belfast City Airport – with a strong Sense of Place in its Harvest Market and Bushmills Bar concepts, plus a first Irish outlet for Espression by Lavazza. The Moodie Report Deputy Publisher Dermot Davitt attended the launch on Tuesday to bring you comment, reaction and a photo gallery of the new areas.

MORE...

LATEST BRAND NEWS

UK. To celebrate the 40th anniversary of Black Tot Day, Speciality Drinks Ltd this week launched Black Tot Last Consignment rum onboard HMS Belfast, the last remaining stocks of the original Royal Naval rum from 1970. “Black Tot has a true sense of heritage that we feel will appeal to travellers in duty free. It has over 300 years of British Naval history behind it adding to the allure for the consumer,” said Speciality Drinks Ltd Founder Sukhinder Singh.

INTERNATIONAL. After a brief but spectacular tenure as Managing Director of Diageo Global Travel & Middle East (GTME), Phil Humphreys has passed the baton to his successor Jane Ewing before taking up a new senior role with Coca-Cola, based in Dubai. On the eve of his departure he reflected on the past two "rollercoaster" years in an interview with The Moodie Report Publisher Martin Moodie.

US. Elizabeth Arden is poised to introduce the new feminine fragrance from singer Britney Spears, called Radiance, from August. Described as a brilliant white floral, Radiance Britney Spears is said to embody the artist's “confident and alluring persona”.

UK. Anti-ageing skincare brand Transformulas is targeting the inflight market with its newly repackaged range for the summer season, which includes LipVolume, Professional White ‘Stain-Less’, EyeLifting gel, Eye-Lightening Serum, Hydration Gold and Face Control.

INTERNATIONAL. Japan Tobacco International (JTI), the international arm of Japan Tobacco, has reported a +9.2% rise in core net sales year-on-year (excluding tax) to US$4,970 million. The group’s Global Flagship Brands posted a +2.2% rise in net sales at constant exchange rates, though volume sales declined.

US. Brown-Forman Travel Retail has announced two major changes for its French black raspberry liqueur brand Chambord, including a considerable revamp of the signature orb-shaped bottle. A new flavoured vodka will also be introduced in January 2011, designed to compete in the high-end segment.

INTERNATIONAL. Coty Prestige will introduce a new men’s fragrance from Davidoff, called Davidoff Champion, into worldwide travel retail this autumn. The sport-inspired scent aims to help men tap into their “deep, fundamental instinct for victory and power”, according to the brand.

FRANCE. Clarins has unveiled a new lipstick line called Rouge Prodige. It will be available in travel retail from September. The long-lasting formula is said to offer rich colour, stunning shine and a comfortable hold.

FRANCE. Beauté Prestige International (BPI) has unveiled a new version of its Le Male men’s fragrance from designer Jean Paul Gaultier. Le Male Terrible will be available in travel retail from September. The scent is said to be the olfactory embodiment of the perennially attractive “bad boy”, complete with bare torso and tattoos.

INTERNATIONAL. Coty has unveiled a new men’s fragrance from designer Marc Jacobs – his first masculine scent in almost a decade. Marc Jacobs Bang will begin its worldwide roll-out this autumn. The fragrance concept is described as a dynamic balance of modern sophistication and Jacobs’ trademark irony and irreverence.

JOBS AND OTHER NOTICES

The Moodie Report's hugely popular Jobs section highlights executive vacancies or positions sought. Latest notices: William Grant & Sons seeks Director Travel Retail – North America and Trade Marketing Manager Travel Retail - Americas; Ferrero seeks Product Manager based in Luxembourg; Moët Hennessy Deutschland requires Key Account Director Travel Retail - German Customers; Ferrero seeks Junior Product Manager; Moët Hennessy Deutschland requires Sales Development Manager Travel Retail; Dufry seeks a Shanghai-based Accounting Manager; Ferrero requires Travel Market Sales Manager.

LATEST FEATURES

UK. Puig Travel Retail and WDF have aunched the world’s first Paco Rabanne cross-category pop-up shop at Heathrow Airport T3. The store will open for an initial three months, coinciding with the summer season. The 32sq m Paco Rabanne ‘universe’ houses fragrances, watches and sunglasses from the brand’s portfolio. WDF Commercial Director Jo O’Connor hails the project, saying it has delivered “great theatre”.

AUSTRALIA. Welcome to Delivering the Dream – a special publication from The Moodie Report dedicated to the transformation of Sydney Airport’s International Terminal. Martin Moodie reports from the New South Wales capital after the culmination of this ambitious A$500 million project, completed just last month. He speaks to Sydney Airport Corporation Limited, plus many of the airport company's key commercial partners, about the achievement.

HONG KONG. The Moodie Report is proud to publish more images of Hong Kong International Airport’s stunning ‘Tasting Hong Kong’ community art campaign, which showcases visual artworks from local talents. It presents a range of innovative ideas on local Hong Kong taste through different mediums, including painting, sculpture, multi-media and photography.

INTERNATIONAL. Sydney Airport General Manager, Retail Derek Larsen has been named The Moodie Report Personality of the Month for June, in association with The Dalmore Single Malt Scotch Whisky. Larsen was the driving force behind the stunning commercial transformation of Sydney Airport’s new-look International Terminal, which recently celebrated the completion of its phased opening.

INTERNATIONAL. Need to have the latest traffic statistics at your fingertips? Simple. All you have to do from now on is click onto The Moodie Report.com Traffic Monitor PDF, updated every two weeks on this website. Read on for details.

INTERNATIONAL. The Moodie Report.com is pleased to promote all new retail, food & beverage and other non-aeronautical revenue tenders free of charge to airport authorities and other landlords. Click here for details plus the latest tenders to be awarded or issued.

LATEST DATA ROOM

ITALY/INTERNATIONAL. International travel retail-to-catering giant Autogrill today posted a +5.4% increase in first-half consolidated revenues to €2,800.3 million (+4.2% at comparable rates). Consolidated EBITDA reached €265.7 million, +3.5% on the first half of 2009 (+2.3% at comparable rates). “In the first half we maintained our cash flow generation at consistent levels and recorded good sales growth in all our business segments, despite traffic trends which continue to be fairly volatile,” said Autogrill CEO Gianmario Tondato Da Ruos. “The summer is off to a good start and we expect to see a performance in line with our forecasts.”

BELGIUM. Brussels Airport retail revenues climbed by +2% year-on-year in the first half of 2010, to €22.3 million. Encouragingly, retail revenue per passenger rose by +4.8% in the half, reflecting the increasing proportion of non-EU traffic, as well as strong food & beverage revenues from a series of new airside concepts.

US (HAWAII). June was a boom month for Hawaiian tourism as visitor spending rose +16.1% over a depressed June 2009 and tourism numbers increased by +13.6%. The preliminary statistics, released this week by the Hawaii Tourism Authority, were highlighted by a +47.8% surge in Japanese visitors.

THAILAND. Thailand’s tourism industry performed strongly in the first six months of 2010, posting double-digit growth in international arrivals, according to the latest figures from Tourism Authority of Thailand (TAT). Arrivals from the Middle East led the way (+22.1%), followed by arrivals from South Asia (+16%), Europe (+15.9%), Asia (+12.3%) and the Pacific (+11.9%). Read on for details.

INTERNATIONAL. Japan Tobacco International (JTI), the international arm of Japan Tobacco, has reported a +9.2% rise in core net sales year-on-year (excluding tax) to US$4,970 million. The group’s Global Flagship Brands posted a +2.2% rise in net sales at constant exchange rates, though volume sales declined.

INTERNATIONAL. International passenger demand among the world’s airlines climbed by +11.9% year-on-year in June, the International Air Transport Association (IATA) has reported. “There is no indication that the recovery will stall soon,” said IATA CEO Giovanni Bisignani. “But, with government stimulus packages tailing off and restocking largely completed, we expect some slowing over the months ahead.”