Travel Retail and Duty Free Business Intelligence    Thursday 02 July 2015

COMMERCIAL SALES RESULTS

Retail and advertising performance buoys Hong Kong International Airport

Source: ©The Moodie Report - 24/06/15

HONG KONG. Hong Kong International Airport (HKIA) retail licences and advertising revenue climbed by +10.8% year-on-year in the 12 months to 31 March.

Strong Swiss Franc continues to hit spend at Zürich Airport

Source: ©The Moodie Report - 12/06/15

SWITZERLAND. Zürich Airport commercial turnover climbed by +4% year-on-year in May, but spend per passenger remains down due to the strong Swiss Franc.

Network Rail retail sales growth outstrips UK High Street

Source: ©The Moodie Report - 05/06/15

UK. Network Rail’s retail sales climbed by +6.16% year-on-year in the 12 months to March 2015, once again outstripping UK High Street retail growth.

Zürich Airport commercial turnover dips on strong Swiss Franc effect

Source: ©The Moodie Report - 22/05/15

SWITZERLAND. Zürich Airport commercial turnover (net sales to consumers in retail and F&B) hit CHF44.5 million in April, down by -1.5% year-on-year.

Asia Pacific airlines decline in profitability in competitive market

Source: ©The Moodie Report - 21/05/15

ASIA PACIFIC. Asia Pacific carriers have reported a net loss of US$50 million in 2014 as a result of stiff competition, excess capacity and the Asian currency volatility.

Airports of Thailand non-aeronautical revenues up almost +10% in first half

Source: ©The Moodie Report - 20/05/15

THAILAND. Non-aeronautical revenues, up +9.67% to THB8,855 million (US$263 million), were buoyed by a +12.3% rise in concession revenues during 1H2015.

Bahrain Duty Free announces +28.5% surge in Q1 profits

Source: ©The Moodie Report - 13/05/15

BAHRAIN. Bahrain Duty Free Shop Complex Managing Director Abdulla Buhindi extols a solid early 2015 performance, with profits rising sharply despite a modest increase in revenues.

Shopping Centre revenues aid growth at Copenhagen Airports in Q1

Source: ©The Moodie Report - 08/05/15

DENMARK. Shopping Centre revenue (including duty free, other retail and food & beverage) at Copenhagen Airport climbed by +8.9% year-on-year in Q1 2015.

Fraport Group retail spend per passenger rebounds in Q1 2015

Source: ©The Moodie Report - 07/05/15

GERMANY. Frankfurt Airport owner Fraport’s Retail & Real Estate division generated revenues of €113.4 million in Q1 2015, an increase of +6.5% year-on-year.

Aéroports de Paris reports surging duty free sales in Q1 2015

Source: ©The Moodie Report - 06/05/15

FRANCE. Strong growth in the duty free business helped Aéroports de Paris report a surge in retail sales per passenger in the first quarter of 2015.

Dufry battles emerging market currency issues in first quarter

Source: ©The Moodie Report - 05/05/15

INTERNATIONAL. Dufry turnover jumped by +31.5% in Q1 2015, but the like-for-like figure was down -2.1%, influenced by the devaluation of emerging market currencies.

ARI ‘ahead of schedule’ to double profits, says CEO Jack MacGowan

Source: ©The Moodie Report - 30/04/15

IRELAND. Aer Rianta International (ARI) and parent DAA have revealed annual results, with ARI profits falling from €29.4 million to €18.1 million year-on-year.

Canadian airports post +39% surge in duty free sales in March

Source: ©The Moodie Report - 30/04/15

CANADA. Airport duty free sales in Canada rose by a solid +39% to hit C$35 million in March 2015, while land border duty free sales fell marginally by -0.3%.

Shilla turns in strong results as Changi losses ease

Source: ©The Moodie Report - 27/04/15

SOUTH KOREA. The Shilla Duty Free posted a +44% increase in consolidated revenues for Q1 with operating profits up by +45.3% despite heavy (though easing) losses at Changi Airport.

Heathrow Airport reports robust Q1 rise in retail revenue

Source: ©The Moodie Report - 24/04/15

UK. Heathrow Airport has reported healthy rises in retail income and net retail income per passenger for Q1 2015, aided by growth in the luxury business.

Pernod Ricard third-quarter sales see uplift from Chinese New Year

Source: ©The Moodie Report - 23/04/15

INTERNATIONAL. Sales grew organically by +7% in 3Q 2014/15 (+2% for the nine months), buoyed by a stable performance in China during the Chinese New Year.

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.