Travel Retail and Duty Free Business Intelligence    Wednesday 26 November 2014

COMMERCIAL SALES RESULTS

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.

WHSmith Travel sales climb by +7% in first ten weeks of financial year

Source: ©The Moodie Report - 12/11/14

UK. Sales at WHSmith’s Travel division climbed by +7% (+2% like-for-like) in the first ten weeks of the financial year, the group reported today in a trading update.

TAV Airports reveals record profits in first nine months of 2014

Source: ©The Moodie Report - 07/11/14

TURKEY. TAV Airports Holding has posted a +52% surge in net profit for the first nine months, with the duty free business recovering from a slow start to 2014.

Canadian airport duty free sales continue strong growth in September

Source: ©The Moodie Report - 06/11/14

CANADA. Airport duty free sales continued to grow strongly, rising +24% to C$30 million in September, while land border duty free sales fell -2.3% to C$12.5 million.

Frankfurt Airport retail performance dips sharply in first nine months

Source: ©The Moodie Report - 06/11/14

GERMANY. Fraport Group today reported a -2.7% dip in retail revenues for the first nine months of 2014 to €141 million, with per passenger spend also down.

Retail and F&B performance buoys Copenhagen Airport results

Source: ©The Moodie Report - 05/11/14

DENMARK. Healthy growth in retail and in particular food & beverage boosted Copenhagen Airports’ non-aeronautical performance in the first nine months.

Downtown sales surge drives Shilla to new quarterly record

Source: ©The Moodie Report - 04/11/14

SOUTH KOREA. The Shilla Duty Free’s sales soared by +14.5% for the three months ended 30 September to KW699.7 billion (US$0.65 billion) – an all-time record.

Dufry maintains revenue and EBITDA growth momentum in first nine months

Source: ©The Moodie Report - 03/11/14

INTERNATIONAL. Dufry Group’s turnover climbed by +9% year-on-year in the first nine months of 2014 (+12.4% at constant exchange rates) to CHF2,930.9 million (US$3 billion). The increase came through a combination of organic growth and the consolidation of Nuance since September. CEO Julián Díaz said: “2014 has been a year of many challenges and great achievements. Having executed well in many of the projects, we now focus our efforts on the integration and generation of synergies in the Nuance acquisition.”

Heathrow Airport posts solid increase in retail revenue in first nine months

Source: ©The Moodie Report - 29/10/14

UK. Heathrow Airport’s retail income climbed by +2.8% to £371 million in the nine months ended 30 September; duty free revenue was up by +3.3%.

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.