Travel Retail and Duty Free Business Intelligence    Saturday 25 October 2014

COMMERCIAL SALES RESULTS

Chinese and Hong Kong tax free spend in UK surges in September

Source: ©The Moodie Report - 20/10/14

UK. The start of the academic year has provided a boost for retailers as families accompany international students to the UK, according to Global Blue.

New outlets and improved store design drive profit growth at WHSmith

Source: ©The Moodie Report - 17/10/14

UK. The convenience, books and gifts retailer has reported a +11% increase in trading profit for its Travel division for the year ended 31 August.

Dubai Duty Free reclaims title as world’s biggest airport retail operation

Source: ©The Moodie Report - 16/10/14

UAE. The retailer cites Generation Research’s latest numbers as Dubai International claims the top position among the world's airports for a fourth time.

Maxxium Travel Retail hails solid performance of whisky portfolio in 2013

Source: ©The Moodie Report - 16/10/14

Maxxium Travel Retail reports a successful 2013, with stellar performances particularly from its whisky brands contributing to an overall volume sales growth of +2%.

Rémy Cointreau first-half sales maintain downward trend in Asia

Source: ©The Moodie Report - 16/10/14

Rémy Martin sales fell -13.4% in the first half of the fiscal year due to continued destocking in Asia, contributing to overall sales decline of -5.6% to €471.8 million.

Canadian airport duty free sales rise +22% as land border sales dip slightly

Source: ©The Moodie Report - 30/09/14

CANADA. Airport duty free sales in Canada rose +22.0% year-on-year to C$32 million in August, while land border duty free sales fell -0.44% to C$19.7 million.

Vietnamese airport services and retail company SASCO privatised

Source: ©The Moodie Report - 24/09/14

VIETNAM. The operator of stores at Tan Son Nhat International Airport has floated 23.6% of its shares, while three Imex Pan Pacific companies share a strategic stake.

Strong rail border business offsets airport loss for Sky Connection

Source: ©The Moodie Report - 23/09/14

HONG KONG. NWS Holdings has reported lower revenue and operating profit for its business division including Sky Connection in fiscal year 2014.

Network Rail delivers +6.1% retail growth in latest quarter

Source: ©The Moodie Report - 05/09/14

UK. Network Rail station retail sales rose +6.1% year-on-year in the latest quarter, with King's Cross and Liverpool Lime Street the strongest performing locations.

Tampa Airport projected to hit record high revenues in 2015 budget

Source: ©The Moodie Report - 05/09/14

USA. Tampa International Airport is on track to exceed US$200 million in operating revenues during FY2015 – a +3.3% rise over revenues budgeted for FY14.

Abu Dhabi Duty Free revenues near AED500 million in first half of 2014

Source: ©The Moodie Report - 03/09/14

UAE. Several store openings in the first six months, including luxury concept Fragrances by DFS, have driven sales at Abu Dhabi International Airport.

Canadian airport duty free sales surge in July; land border sales up over +1%

Source: ©The Moodie Report - 03/09/14

CANADA. Canadian duty free sales saw positive growth in July, with airports posting sales growth of +20% and land border stores seeing sales increases of +1.09%.

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.