The Moodie Report

Travel Retail and Duty Free Business Intelligence    Saturday 02 August 2014

The Moodie Report Stock Watch 01 August: Hotel Shilla Co Ltd, +4.55%       World Duty Free Group: Close 8.20, Change -3.81% 52-week High 11.07; 52-week Low 6.80       Dufry: Close 156.10, Change -3.82%, 52-week High 168.00; 52-week Low 117.70       China International Travel Services (CDFG): Close CNY33.49, Change -0.80%, 52-week High CNY44.29; 52-week Low CNY30.10       Japan Airport Terminal Co: Close ¥3,445, Change -2.68%, 52-week High ¥3,555; 52-week Low ¥1,739       Hotel Shilla Co Ltd (The Shilla Duty Free): Close ₩115,000 Change +4.55%, 52-week High ₩115,500; 52-week Low ₩55,500       Lagardère (Aelia, LS travel retail, Relay ): Close €21.75, Change -2.27% 52-week High €26.58; 52-week Low €17.90       LVMH (DFS Group, Starboard Cruise Services): Close €128.25, Change -0.27%, 52-week High €150.05; 52-week Low €121.00       MISR Duty Free Shops: Close 3.73, Change +1.09%, 52-week High 3.96, 52-week Low 2.70      

World Duty Free Group revenues climb but EBITDA falls in H1 2014

INTERNATIONAL. World Duty Free Group today reported a solid rise in first-half revenues but a dip in EBITDA for the period. UK revenues showed a solid performance even with the strong appreciation of the Pound Sterling. Sales in Spanish airports reported growth despite a weak performance in Madrid. EBITDA was hit by higher rents paid for new contracts in Spain and Germany, and by the dilutive effect of the newly integrated US retail business. UPDATED STORY.

LS travel retail performance lifts Lagardère Services in first half

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.

Dreamstore 2014: How the brands rate the world's top travel retailers

INTERNATIONAL. DFS, Nuance, Dubai Duty Free, King Power (Thailand) and Schiphol Airport Retail earned the major plaudits in this year's 'Dreamstore' survey conducted by The Moodie Report.

Healthy commercial growth buoys Malaysia Airports in first half

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.

DFS launches first organic Chinese cigarette at Changi Airport stores

DFS has partnered China International Duty Free to launch Yuxi Manor, made from organic tobacco leaves grown in China’s Yunnan province, at its Changi stores.

The Moodie Report e-Zine: Lotte’s grand ambition on display at Guam opening

INTERNATIONAL. This week we publish the first trade interview with new Lotte Duty Free CEO Hong-Kyun Lee, as the retailer officially opens its new operation in Guam.

Isetan Mitsukoshi, JATCo and Narita Airport confirm downtown duty free deal

JAPAN. Isetan Mitsukoshi Holdings, Narita International Airport Corporation and JATCo have confirmed a deal to open a downtown duty free operation in Tokyo.

Autogrill reveals solid first half as major markets improve

ITALY. The food & beverage operator drives post-tax profit up, while revenues suffer from unfavourable comparisons with the previous period.

The Moodie Blog: Catching carabao, Seoul searching, sleeping with angels

Sometimes you’ve just got to take the bull by the horns. Or in this case the water buffalo – in fact, called a carabao in Guam.

BRAND NEWS

Boux Avenue expansion accelerates with first airport store at Manchester

Fast-growing British lingerie retailer Boux Avenue is poised to open its first airport store next week in Departures at Manchester Airport Terminal 1.

DFS launches first organic Chinese cigarette at Changi Airport stores

DFS has partnered China International Duty Free to launch Yuxi Manor, made from organic tobacco leaves grown in China’s Yunnan province, at its Changi stores.

Mars ITR appoints Tom Manktelow to develop inflight business

Tom Manktelow has been named Business Development Manager - Inflight, responsible for growing the company's inflight business and its customer network.

Furla opens corner at Duty Free City's new U.S.-Mexico border store

Furla has unveiled a 15sq m personalised corner in the new 14,000sq ft Duty Free City border store which opened in San Ysidro earlier this week.

MAC’s Novel Romance invites travellers on an amorous adventure

MAC Cosmetics aims to fan the flames of desire with its new racy make-up range. A Novel Romance will be available in travel retail worldwide from September.

Longchamp welcomes new store at Madrid Barajas Airport Terminal 4

The new 102sq m space, offering a range of bags and accessories, is the fifth Longchamp store in Spain and the first airport store operated by the brand itself.

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