Commercial Sales Results
Lagardère Travel Retail Q1 revenues rise +5.0% but Middle East conflict weighs on prospects
“Lagardère Travel Retail is relying on its diversified geographic footprint and the resilience of its business model to mitigate the effects,” the company says as it assesses the impact of the Middle East crisis.
LVMH first-quarter revenues hit hard by Middle East conflict
“Amid a geopolitical and economic environment particularly disrupted by the conflict in the Middle East, LVMH remains vigilant yet confident at the start of the year,” LVMH says as 2026 gets off to a challenging start.
European airport duty-free sales hit record high of €10.13 billion, ETRC reports
The record performance was tempered by softer average spend per passenger despite stronger overall traffic.
Korean market update: February duty-free sales fall -3.8% despite Lunar New Year phasing
“The market is steadily stagnating,” notes a senior Korean duty-free executive. “For many brands today the tourist business in department stores is larger than in downtown duty free and I see this trend only accelerating as tourists want to enjoy a local experience not a manufactured tourist one,” adds LVMH North Asia Group President Michael Schriver.
Hainan offshore duty-free sector maintains heady start to 2026 as first-quarter sales soar +25.7%
The Q1 performance reaffirms a hugely encouraging start to 2026 for the province’s all-important offshore duty-free sector.
Sanya duty-free sales surge +28.2% to three-year high in first quarter
Sanya’s duty-free market, so critical to Hainan island’s wider travel retail sector, saw Q1 sales rocket to RMB10.06 billion (US$1.46 billion), the first time in three years the RMB10 billion mark has been breached.
China Tourism Group Duty Free sounds upbeat note after strong Q4 despite full-year revenue and profits fall
Despite falling sales and profits across the year, Q4 turned positive with profits climbing sharply, led by a rebound in Hainan duty-free sales, the impact of pro-industry policy changes and CDFG’s expansion.
Fraport Group Retail & Real Estate revenue grows +3% in 2025 but passenger spend weakens
Retail revenue per passenger fell from €3.35 in 2024 to €3.29, which Fraport blamed on a weaker performance in shopping, only partly compensated by strong services and advertising income.
Hainan offshore duty-free sales soar +26% to RMB10.59 billion (US$1.54 billion) in first two months
During the same period, 1.279 million shoppers purchased 8.012 million duty-free items in Hainan, marking year-on-year increases of +16.6% and +9.9%, respectively.
Avolta posts strong 2025 results, monitors mounting Middle East crisis
“Even within a complex external environment, including the recent conflict affecting parts of the Middle East region, our scale, diversification and clear strategic direction give us confidence as we continue to deliver on Destination 2027 and beyond,” says Avolta CEO Xavier Rossinyol.
WHSmith posts +5% first-half revenue rise led by North American airport market
UK airport growth was hit by temporary store closures at Heathrow, while North American sales grew sharply despite the continued sluggish performance of the InMotion brand.
Korean market update: Sales to foreigners at Incheon soften in January as FIT spending declines
“Foreigner sales at Incheon Airport decreased a lot from December,” a senior Korean duty-free executive tells The Moodie Davitt Report. “Overall spending per head of foreigners is decreasing steadily in terms of individual customers. The market is stagnating.”
