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Issue
328
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12 November 2009 | TheMoodieReport.com – the website that never sleeps |
Reach, Reliability, Respect |
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The Moodie Report 7 Days – the week in travel retail – is a punchy one-stop PDF summary of all the week's key business developments. It is accompanied by our
e-Newsletter which links to all the big retail, data and brand stories of the week on TheMoodieReport.com, the website that never sleeps.
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 Main News: » Larnaka leads the way with stunning new offer » Dufry and Autogrill impress with resilient nine-month results » Valiram agrees short-term fashion extension at Changi Data Room: » Frankfurt Airport posts improved October traffic figures » New report quantifies US airports' commercial revenue market |
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Dufry hits 52-week high as nine-month results win investment sector approval Dufry's share price hit a 52-month high of CHF69.55 on Wednesday, as the stock market reacted favourably to the travel retailer's strong nine-month results below. Read __________________________________________ |
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‘The beginning of the recovery in our industry’ – Dufry protects profitability, generates cash and lowers debt "Despite the economic crisis, we have demonstrated in the past 12 months that we can navigate successfully through challenging times based on our strategy for 2009 to focus on cash generation and reduction of net debt." Dufry Group CEO Julián Díaz applauds the strong cash generation and retained profitability that characterised the first nine months. Read __________________________________________ |
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Nuance is upfront in its attitude to tobacco retailing at Geneva International Airport The Nuance Group says it has placed particular emphasis on innovation within the tobacco category at its new duty & tax free store opened recently at Geneva International Airport. For example it has placed the category right at the front of the store – a move that has caused controversy in some circles – and grouped cigarettes not by brand houses but by customer preferences. Read __________________________________________ |
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Autogrill posts slight rise in nine-month revenues; improves margins and cash flow Autogrill Group this week revealed consolidated nine-month revenues (to 30 September) of €4,265 million, up by +0.6% year-on-year, though down by -6% on a pro forma basis. Travel retail & duty free revenues were €1,150 million, up +11.3% on the same period in 2008. That increase was driven by the full consolidation of Aldeasa since 1 April 2008 and of World Duty Free Europe since 1 May 2008. Read __________________________________________ |
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‘A landmark day for Cyprus’ as new Larnaka Zenon International Airport is inaugurated The new Larnaka Zenon International Airport was officially opened last weekend amid scenes of intense national pride and excitement. President Demetris Christofias said: "Today constitutes a landmark, not just in the history of Cypriot tourism but also of the overall development of the country's infrastructure." The Moodie Report was on location for the big occasion and took an in-depth tour of the airport's impressive, diverse and surprisingly extensive commercial offer. Read __________________________________________ |
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Miles for Smiles fund-raising effort breaks the US$25,000 barrier as the race day nears With just nine days to go before the second 'Miles for Smiles' fun run in Dubai, organisers are heartened by a wave of sponsorship that is pouring in. But they have called for a final push from the industry to raise the overall fundraising total. Read __________________________________________ |
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Changi Airport calls major watch tender in T1 Changi Airport Group has called a major tender for two key watch concessions at Singapore Changi Airport Terminal 1. The larger 292sq m unit will be operated as a multi-brand store, and the second unit of 50sq m as a single brand-name boutique. Read __________________________________________ |
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US airport concessions revenue increased +6.4% in 2008 to US$7.5 billion, says ACI-North America in key new study Total non-aeronautical operating revenue at US commercial airports reached US$7.49 billion in 2008, a +6.4% increase year-on-year, according to new analysis by Airports Council International–North America. The data includes concession revenue from 521 airports, representing 100% of total passenger traffic. Read __________________________________________ |
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Your chance to win a collectors’ edition bottle of The John Walker via Diageo and DFS Scotch whisky aficionados have the chance to bid for one of the first six bottles of The John Walker, Diageo’s new ultra-premium Scotch whisky – and help out a deserving cause in the process. Read __________________________________________ |
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Nuance-Watson Singapore unveils new-look Changi Airport Terminal 1 megastore Nuance-Watson (Singapore) has unveiled its new-look Perfumes & Cosmetics megastore in Singapore Changi Airport Terminal 1, following two months of extensive construction and refurbishment. Spanning around 540sq m of retail space, the new megastore is about +26% larger than the previous outlet. Read __________________________________________ |
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Dubai Duty Free targets US$2 billion by 2013; expects rise in 2009 sales despite crisis Dubai Duty Free – which hit a record US$1.1 billion in sales in 2008 – is targeting US$2 billion by 2013, according to Managing Director Colm McLoughlin. Impressively, the company is forecasting +4% to +5% growth in 2009, despite the financial crisis, with a +10% rise projected for 2010. Read __________________________________________ |
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Cadbury rejects lastest Kraft bid Cadbury has bluntly rejected Kraft Food's unsolicited takeover bid, announced this week. Chairman Roger Carr said: "Kraft's offer does not come remotely close to reflecting the true value of our company." Read __________________________________________ |
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Valiram & Changi Airport Group to extend T2 fashion contract after DFS JV bid rejected Valiram Group is set to accept a short-term extension to its fashionwear concession at Singapore Changi Airport Terminal 2. This follows Changi Airport Group's unexpected rejection of the equally unexpected joint-venture bid for the contract by long-time rivals Valiram and DFS. Read __________________________________________ |
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Onboard Retail Solutions extends Thomson Airways contract with US$2 million deal "Thomson Airways are pioneers in next generation inflight retail opportunities and we are delighted that they have chosen Onboard to partner them in their future development both inflight and on the ground." Onboard Retail Solutions CEO Thomas Drohan lauds a big new contract with leading UK airline Thomson Airways. Read |
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Qatar Airways Business Class named best in world at the 16th World Travel Awards Qatar Airways continued its award-winning streak as the carrier was named World's Leading Airline – Business Class for the second year running at the 16th World Travel Awards, held in London. Read |
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Areas USA and BannaStrow’s team up Areas USA, a leading provider of food & beverage and retail services in the travel industry, has partnered with one of South Florida’s local franchise concepts, BannaStrow’s, to open two outlets along Florida's Turnpike. With a menu of crepes, waffles, salads and wreps (wrapped crepes) the concept has proven to be a great success with the Turnpike’s customers. Read |
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CLICK BELOW TO DOWNLOAD THE LATEST EPISODES: Episode 217 - Martin Moodie assesses a unique success story in Cyprus Episode 216 - John Sutcliffe on ARI-ME's great investmentEpisode 215 - Marios Loucaides salutes spirit of innovation in LarnakaEpisode 214 - Danny Galvin on Larnaka's great transformation Episode 213 - ADAC on the power of partnership Episode 212 - Phil Humphreys talks Trinity in Abu DhabiEpisode 211 - Ed Brennan on why differentiation and partnership matter |
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Luxottica brings sunglasses out of the shade; says category can double in five years Sales of sunglasses in travel retail could double in the next five years under ambitious plans set out at a recent workshop hosted by Italian eyewear group Luxottica. We report on the thinking behind the company's ambitions and some of the findings to emerge at the Cannes workshop. Read |
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Shiseido previews Bio-Performance addition Shiseido presented a number of novelties across its skincare, make-up and fragrance portfolio at last month's TFWA World Exhibition in Cannes. Among them was the latest addition to the brand's flagship Bio-Performance franchise, Bio-Performance Super Corrective Serum, which will be rolled out in travel retail from February 2010. Read |
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Kraft Foods brings forward launch of
Toblerone Tobelle Kraft Foods World Travel Retail has reported an "excellent response" to its 2010 novelties at the TFWA World Exhibition in Cannes last month, particularly Toblerone Tobelle, which offers thin and refined pieces of Toblerone Swiss milk chocolate in a gift box. Feedback was so positive that Kraft is bringing forward the launch date of Toblerone Tobelle, the company said. Read |
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Guerlain blooms anew with Cherry Blossom Guerlain has unveiled a new Cherry Blossom Collection, which will be launched in spring 2010. The make-up look, devised by Creative Director Oliver Echaudemaison, is described as fresh, luminous and tender – 'la vie en rose' with an Asian twist. The collection also includes a limited-edition version of the brand's Insolence feminine fragrance. Read |
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Nestlé drives purchases with 'perfect store' Nestlé International Travel Retail revealed its product line-up for 2010 and some major strategic initiatives – including its new 'perfect store' concept – at the TFWA World Exhibition last month. The concept, born from years of extensive shopper and consumer research, is designed to achieve one simple vision for the confectionery category: "to drive confectionery into every basket, every time". Read |
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Bobbi Brown prepares to party with limited-edition Holiday make-up collection Bobbi Brown has unveiled its new Holiday collection, which features a number of limited-edition palettes for eyes, lips and cheeks. The line is available now in international travel retail. Read |
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Havana Club Máximo |
Zoobug Market entry |
Dewar's Gold rush |
Anthon Berg Growth aim |
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Lancôme Tendre Voyage |
Sif Jakobs Jewellery debut |
Pashma Airport shop |
Pilgrim Smooth path |
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| The Moodie View | ||||
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| CLICK BELOW TO VIEW THE LATEST EPISODES: |
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| People News | ||||
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Bacardi Global Travel Retail Division appoints Trent Russell to key Global Marketing post Bacardi Global Travel Retail Division has appointed Trent Russell as Global Marketing Director. The Australian, who replaces Gary Chau, was formerly Marketing Director for Bacardi China. Read |
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Estée Lauder signs up Tom Pecheux The Estée Lauder brand is charting a new course for its colour business by signing top make-up artist Tom Pecheux to the post of Creative Makeup Director. "Tom will add a new energy, style and fashion edge to Estée Lauder make-up," promised Global Brand President Jane Hertzmark Hudis. Read |
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Shiseido names new Area Sales Manager for Latin America and the Caribbean Shiseido has named Jose Antonio Paez as Area Sales Manager for Latin America and the Caribbean, with immediate effect. Read |
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Lars Johansson memorial service to be held in Miami, Florida on 17 November A memorial service for Lars Johansson, the much-loved industry figure who died suddenly during TFWA World Exhibition in Cannes last month, will be held in Miami, Florida next week. Read on for full details. Read |
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Lagardère Services posts -3.7% fall in nine-month sales; slump in air travel hits Aelia Lagardère Services, parent company of Aelia, Lagardère Services Asia Pacific and HDS Retail North America and owner of the Relay brand, posted a -3.7% fall in nine-month sales year-on-year. Aelia’s business has been hit by falling air travel, a trend that accelerated in Q3, the group noted. Read |
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Japan Airport Terminal Co and Dufry shares are top performers in October The value of The Moodie Reportfolio, our basket of hypothetical shares in travel retail-related companies, grew by +1.5% in October 2009 as global stock markets continued to rally. The Reportfolio's top performing stocks in the month were Japan Airport Terminal Co and Dufry. Read |
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Frankfurt posts -1.9% dip in October traffic; robust growth on Asian and African routes Frankfurt Airport handled 4.6 million passengers in October, down by -1.9% on the same month last year; but the performance continued the recovery of recent months, and was buoyed by strong growth on Asian and Central African routes. Of the majority-owned Fraport Group airports, Lima and Antalya both posted healthy growth figures in the month. Read |
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BAA passenger traffic down -1.4% in October BAA's seven UK airports handled a total of 12.3 million passengers in October, a drop of -1.4% on the same month last year. Crucially from a travel retail perspective, long-haul traffic rose by +4.6%, with double-digit growth on Middle East and India routes. Read |
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Passenger traffic volumes at ASUR slide by -7.2% year-on-year in October Grupo Aeroportuario del Sureste last week reported a -7.2% slide in passenger traffic volumes for October, compared to the same month last year; international traffic at Cancún International Airport, the major gateway to the southeast of Mexico, fell by -9.6%. Read |
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Traffic Monitor — the latest airport and airline passenger trends Need to have the latest traffic statistics at your fingertips? Simple. Just click onto The Moodie Report.com Traffic Monitor PDF, updated every two weeks. Read |
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| The Moodie BLOG — Sponsored by M&M's | ||||
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Miles (and miles and miles) for Smiles All around the travel retail world, I suspect, there are some very sore people. I am one of them. The problem (but also the reward) with volunteering to compete in something like ‘Miles for Smiles’, this month's charity run in Dubai, is that you really have to give it your best shot. And that means not only helping to raise a lot of money for the nominated charity – The Smile Train – but completing the distance. Read |
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Mark Riches unveils World of Whiskery Our recent report on Brian Collie's newly hirsute look in the cause of charity has brought forth news of a similar growth initiative by another leading industry figure. Brian is being joined by Mark Riches, CEO of WDF, who is giving the campaign added MOmentum by letting his facial hair flourish for the month. Read |
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Larnaka’s travel retail template I've seen all but one (Cairo) of Aer Rianta International-Middle East's airport retail offers, so I was expecting something pretty good when I arrived in Cyprus for last weekend's opening of the new terminal in Larnaka. Read |
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Front of store, front of mind – but for WHO? Where, in an acutely sensitive regulatory environment, should the tobacco category be positioned in a duty free store? When The Nuance Group opened its splendid new 650sq m tax & duty free store at Geneva International Airport earlier this month, it opted to place the entire tobacco category at the entrance of the store – displayed in what Nuance called a “breathtaking black and white setting”. Read |
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Bringing Brazil to Cannes |
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| Jobs | |
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Paton's requires Business Manager Asia Paton's seeks a Business Manager Asia, based in either Singapore, Malaysia or Hong Kong. Working within the sales team the successful candidate will develop, implement and deliver on growth programmes in various international regions. Previous experience with international sales in the retailing of confectionery or other FMCG area will be highly regarded, as would exposure to the travel retail channel. Read |
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