Reach, Reliability, Respect    Friday 08 August 2008

The Moodie Reportfolio Stock Watch 8 August - Daily Move: Autogrill (Aldeasa, Alpha, HMSHost, World Duty Free): up +6.90%,       Autogrill (Aldeasa, Alpha, HMSHost, World Duty Free): Close 8.93, Change +6.90%, 52-week High 15.60, 52-week Low 6.83       Bahrain Duty Free: Close 1.01, Change +0.00%, 52-week High 1.06; 52-week Low 0.83       Dufry: Close 83.05, Change -0.48%, 52-week High 140.90; 52-week Low 67.25       Dufry (South America): Close 25.80, Change +0.78%, 52-week High 57.40; 52-week Low 21.00       Hellenic DFS: Close 10.53, Change -0.19%, 52-week High 13.43; 52-week Low 9.55       Japan Airport Terminal Co: Close 1,606, Change +0.38%, 52-week High 2,840; 52-week Low 1,363       Jordanian Duty Free Shops: Close 8.75, Change +4.79%, 52-week High 10.50; 52-week Low 6.99       Lagardère (Aelia; HDS Retail): Close 38.65, Change +3.48%, 52-week High 62.90; 52-week Low 30.06       Lotte Shopping Co: Close 297,500, Change -0.50%, 52-week High 451,500; 52-week Low 285,000       LVMH (DFS Group): Close 72.65, Change +2.01%, 52-week High 89.36; 52-week Low 59.49       MISR Duty Free Shops: Close 6.95, Change -1.00%, 52-week High 338.90, 52-week Low 6.92       Stefanel (The Nuance Group): Close 0.36, Change -1.69%, 52-week High 1.81; 52-week Low 0.30       Tourvest (Tourism Investment Corporation): Close 200.00, Change -0.50%, Year High 298.00, Year Low 164.00      

TOP STORY

EUROPE. Passengers travelling from Croatia can now take their duty free LAGs with them if transiting at an airport in the EU or European Economic Area; Croatia is only the second country to be approved under regulations that were adopted more than a year ago.

Running Miles for Smiles: Impetus builds for November's travel retail charity fun run in Dubai – 08/08/08

UAE. The Travel Retail Smile Train Fun Run being held at the Jumeirah Beach Hotel in Dubai on 22 November has already attracted major interest. Some 36 of the 50 available places are taken and sponsorship pledges are beginning to flow in - all in aid of the world’s leading cleft charity The Smile Train.

European airport passenger traffic posts solid rise in first half; growth slows in June compared to last year – 08/08/08

EUROPE. Passenger traffic at Europe’s airports climbs +3.9% in the first six months of the year; but growth slows in June as traffic rises just +1.6%.

Asia Pacific Breweries and EYE team up to promote TigerLive at Singapore Changi Airport T3 - 08/08/08

SINGAPORE. Media specialist EYE partners with leading beer company Asia Pacific Breweries for the first time to promote leading Singapore entertainment centre TigerLive at Singapore Changi Airport. The company aims to create awareness and entice visits to this leading Singapore attraction, hosted by Tiger Beer.

BAA Cleveland names Tina LaForte as Vice President – 08/08/08

US. In her new role, Tina LaForte will oversee the opening of BAA’s latest Airmall concept at Cleveland Hopkins International Airport; she was previously General Manager of BAA USA’s operations at Baltimore/Washington International Airport.

The Moodie Reportfolio sinks by -29.8% amid a challenging year for travel retail stocks – 08/08/08

INTERNATIONAL. The Moodie Reportfolio - a basket of travel retail-related shares in which we invested a hypothetical US$10,000 - shows heavy losses one year after its launch last August; LVMH proves the top performer in July following a strong set of first-half results.

Bahrain Duty Free goes into overdrive with car raffle - 08/08/08

BAHRAIN. Bahrain Duty Free has launched the Win & Choose car raffle, which allows the winner to choose one of four attractive prize options - each including a BMW car plus a motorbike or Mini Cooper. Just 1,200 tickets are being sold on the retailer's website and at its Bahrain Airport store.

Dubai Duty Free Shergar Cup extends its international reach; Ascot prepares for record-breaking event – 07/08/08

UK. The prestigious Dubai Duty Free Shergar Cup at Ascot is gearing up for a remarkable match-up as two of the Americas' leading jockeys go head-to-head for the first time. Four teams representing Great Britain, Ireland, Europe and the Rest of the World will compete for the coveted trophy on 9 August.

Perth Airport welcomes new retailers and brands as ambitious terminal redevelopment takes shape – 07/08/08

AUSTRALIA. International surf brand Rip Curl and Melbourne coffee company Hudsons Coffee are among the new names arriving at Perth Airport, as the redevelopment of its terminals takes shape. And a range of other new brands will join the mix shortly, reveals General Manager Business Development Scott Norris.

Sydney Airport issues RFP for ‘Australiana’ destination merchandise business – 07/08/08

AUSTRALIA. Sydney Airport, Australia’s leading gateway, offers “a unique opportunity to secure this prime position in the international terminal’s highly anticipated new shopping precinct”; it’s the latest in a series of RFPs at Sydney’s redeveloped, upscale Terminal 1.

EA Games drives sales with EYE’s brand experience zone at Manchester Airport Terminal 1 – 07/08/2008

UK. EA Games, the world's leading independent developer and publisher of interactive entertainment software, aims to develop its business using EYE's brand experience zone at Manchester Airport's Terminal 1. Travellers can sample 11 games such as FIFA 08, My Sims and The Simpsons in an interactive zone.

MORE NEWS...

AIRLINE NEWS

Singapore and Malta sign Open Skies Agreement – 08/08/08

SINGAPORE/MALTA. Signed 23 July and fully effective on 1 December 2010, the agreement will allow for full flexibility on air services operated by carriers of both countries.

MORE...

FOOD & BEVERAGE TOP STORY

HMSHost Corp to open Maui airport restaurant with Rock and Roll Hall of Famer Sammy Hagar – 08/08/08

US (HAWAII). Sammy’s Beach Bar & Grill, the signature restaurant of American rock artist and Van Halen frontman Sammy Hagar, will make its airport debut next week at Maui’s Kahului Airport. The 4,000sq ft island-style café will dedicate profits to various children’s charities.

New dining brands land at Sacramento International – 01/08/08

US. HMSHost has announced the opening of new restaurants and beverage outlets, enhancing variety and options for on-the-go dining at Sacramento International Airport. Lemon Grass, Quiznos, Saladworks and Zia are a few new names to look out for.

MORE F&B...

RETAIL PICTURE GALLERY

DFS Galleria delivers on ‘luxury only’ pledge with verve and style in new Macau venture – 31/07/08

MACAU. “Okinawa changed how the industry saw us; Macau will change the way the consumer sees us.” A proud DFS Group President, Worldwide Store Operations, Michael Schriver took The Moodie Report on a tour of the remarkable new DFS Galleria Macao earlier today. This outstanding store combines exceptional, sometimes unique product, with an extraordinary level of architecture. Travel retail has seen nothing like it before.

MORE...

WEBSITE OF THE WEEK

Website of the week: Skyservice Duty Free – 07/08/08

CANADA. This week we visit Canadian commercial charter airline Skyservice’s online duty free catalogue. We found the site to be user-friendly and straight to the point. Read on to find out more about how it fared.

SKYHIGH SALES - INFLIGHT BROCHURE REVIEW

Inflight Brochure Monitor: Tunisair Inflight Shopping – 30/07/08

TUNISIA. The new spring edition of Tunisian national carrier Tunisair's inflight shopping magazine is an impressive, well-styled example of an inflight brochure. The Hamila Duty Free-operated publication provides a strong stable of brands and presents them in an unfussy and engaging manner.

LATEST BRAND NEWS

MCM opens shop-in-shop with DFS in Hawaii – 08/08/08

US (HAWAII). The luxury leather goods company has unveiled its first personalised shop-in-shop at DFS Galleria in Waikiki Hawaii. Opened on 28 July, the 40sq m space is already exceeding expectations in terms on sales, says MCM Global Travel Retail Director Gerry Munday.

Major promotion for Stephen Corrigan as he takes Senior Vice President role at Pernod Ricard Americas Travel Retail – 07/08/08

AMERICAS. The highly regarded Stephen Corrigan secures promotion to a key post at Pernod Ricard Americas Travel Retail; “I look forward to the challenge ahead and to the continued success of the group,” says Corrigan.

Glengoyne marks anniversary with new-look website – 07/08/08

SCOTLAND. As part of its 175th anniversary celebrations, Glengoyne Distillery has pledged its commitment to enhancing customer experience with a brand new website; the new-look site encourages visitors to contribute their own content including tasting notes and whisky reviews.

Scorpio boosts beauty credentials as it strikes key partnership with Original Additions – 07/08/08

UK. Leading beauty manufacturer Original Additions has teamed up with Scorpio in a partnership that will bring Original Additions’ Elegant Touch brand, the Eylure eyelash range plus other products to a global travelling audience.

BPI unleashes Gaultier’s fragrant new Ma Dame - 05/08/08

FRANCE. Beauté Prestige International (BPI) will introduce a new feminine fragrance from designer Jean Paul Gaultier this autumn, called Ma Dame. The scent will be fronted by supermodel du jour Agyness Deyn.

Scorpio signs up watch brands Rotary and Karen Millen – 05/08/08

UK. Scorpio Distributors has scored two major coups in the travel retail watch market with the announcement of an alliance with The Dreyfuss Group for Rotary watches and, in a separate deal, an exclusive inflight distribution agreement for Karen Millen timepieces.

Finlandia creates a new showcase at Helsinki Airport – 04/08/08

FINLAND. Brown-Forman is giving travellers at Helsinki Airport a permanent reminder of its Finlandia Vodka brand with a new duty free display; the showcase will soon enter other markets around the world says Brown-Forman.

Torres opens hi-tech wine warehouse - 04/08/08

SPAIN. The Spanish wine maker has opened a 16,000sq m logistics warehouse at its Pacs del Penedès winery, near Barcelona. It will export 70% of its distribution from this state-of-the-art facility.

A spirited introduction from Distilleria Bottega - 04/08/08

ITALY. The Italian drinks company is introducing to travel retail a new eau-de-vie closely related to grappa. Uve d’Alexander Acquavite d’uva is said to be popular with women, young people and connoisseurs because of its complex manufacturing process.

MCM dresses the stars at fashion award night - 04/08/08

GERMANY. Fashion brand MCM dressed a host of celebrities at the 2008 New Faces Award event, held in Düsseldorf on 26 July. Top TV personality Barbara Schöneberger hosted the evening, while supermodel Tasha de Vasconcelos presented the awards.

JOBS AND OTHER NOTICES

Jobs – Top industry roles offered and sought

The Moodie Report's hugely popular Jobs section highlights executive vacancies or positions sought. Latest notices: Groupe Clarins seeks Sales & Promotion Manager; BAT International seeks a Consumer Insights Manager; Harding Brothers is seeking a Merchandise Controller; Chanel Fragrance and Beauty seeks an Area Manager; Thomas Sabo is recruiting a Travel Retail Sales Coordinator Europe; The Nuance Group seeks Global Category Analysts; Campari International seeks Regional Manager Travel Retail - Europe; Godiva is recruiting a Travel Retail Manager Europe, Middle East & Africa; Plus other top posts.

LATEST FEATURES

Towards 2010: Autogrill unveils strategy to become €6.6 billion retail powerhouse – 16/07/08

INTERNATIONAL. The integration of World Duty Free, Alpha Group and Aldeasa is well under way, reports Autogrill, and will generate €45 million a year in cost savings by 2010; the creation of a single global purchasing group will be completed in the coming months. Read on for Autogrill's detailed projections for its new travel retail supergroup over the next two years.

Airport websites under the microscope as The Moodie 100 Airport Web Index is born – 11/07/08

INTERNATIONAL. The Moodie Report is this month unveiling an exciting new project relating to airport websites – embracing both aeronautical and non-aeronautical activities. The project involves a fortnightly comparative analysis of airport websites (using The Moodie 100 Index rating), a major research study and a first-ever Conference and Awards next February. Read on for details.

Bullish Boeing projects global shift to new, more efficient airplanes in upbeat 20-year forecast – 10/07/08

INTERNATIONAL. Perhaps the most important insight into the future of the global aviation market was released yesterday. The Boeing Company unveiled its 2008 Current Market Outlook, a document anyone with an interest in airline-related businesses will find compelling reading. We present the major highlights.

The Moodie Report Digital Print Edition - 13/05/08

INTERNATIONAL. Welcome to the May issue of The Moodie Report Digital Print Edition, available in full – editorial and advertising – through our unique online digital format. In this issue we hear from Dufry CEO Julián Díaz on his vision of a more consolidated travel retail industry; we go on location to South Korea’s Paradise Duty Free; and we provide a detailed review of this year’s Trinity Forum. We also chronicle the remarkable five-airport launch of Bombay Sapphire Revelation, the US$200,000 per decanter ultra-luxury project, in a special supplement published with our main issue.

Traffic Monitor: The latest airport and airline passenger trends - latest edition – 30/07/08

INTERNATIONAL. Need to have the latest traffic statistics at your fingertips? Simple. All you have to do from now on is click onto The Moodie Report.com Traffic Monitor PDF, updated every two weeks on this website. Read on for details.

Tender Notices and Awards: Free of charge to airports and other authorities

INTERNATIONAL. The Moodie Report.com is pleased to promote all new retail, food & beverage and other non-aeronautical revenue tenders free of charge to airport authorities and other landlords. Click here for details plus the latest tenders to be awarded or issued.

LATEST DATA ROOM

Aelia parent company Lagardère Services enjoys “robust growth” in first half of 2008 – 28/07/08

FRANCE/INTERNATIONAL. The parent company of travel retailer Aelia and brands such as Relay reports +5.8% growth in revenues on a like-for-like basis; “Aelia is still benefiting from the uptrend in air traffic, despite signs of a slowdown in the quarter,” says the group.

Canadian airport duty free sales climb in first five months but land border business struggles – 28/07/08

CANADA. Airport duty free sales in Canada continue to rebound, posting growth of over +16% in the period from January to May; but the struggling land border business posts a -9.32% decline, with falling sales across all of the major product categories, reports the Frontier Duty Free Association.

Buoyant Mexican airports group ASUR reports +36% leap in first-half commercial revenues – 25/07/08

MEXICO. Commercial revenues leap more than +36% in the half, reports ASUR, with commercial revenue per passenger rising +19% to Ps47.44 (US$4.74), against a +13% rise in passenger numbers. Duty free sales post a +42% rise, as the opening of Cancún Airport Terminal 3 last May kicks into this year’s numbers.

Abu Dhabi Airport sees first-half traffic surge – 22/07/08

UAE. Abu Dhabi Airports Company, the owner-operator of Abu Dhabi International Airport, has unveiled a +38.6% leap in its first-half 2008 passenger traffic compared to the same period last year.

Munich Airport posts solid H1 passenger growth – 16/07/08

GERMANY. Munich Airport’s strategy to develop into an international hub gains momentum with a strong +6% rise in first-half passenger numbers. Routes to South Korea, India and the US show excellent growth, says the airport company.

Japan travel survey underscores importance of over-40s for overseas retailers – 16/07/08

JAPAN. Travellers in their 40s and families with children under 18 are the highest-spending groups while shopping overseas reports Travel Journal International Online, quoting a survey by Japan Tourism Marketing.

PRODUCT NEWS