Commercial Sales Results
WHSmith lowers full-year profit expectations amid trading pressures and announces fresh capital raise
The company is revising down its full-year profit targets to reflect declining passenger numbers and weakening consumer demand across all divisions; WHSmith has also announced a new share placement to raise capital.
Rémy Cointreau unveils plans to double travel retail sales amid three-year recovery programme
“Today, we believe our position remains underscaled relative to peers, meaning there is still meaningful upside potential to capture going forward,” says Rémy Cointreau Chief Executive Officer Franck Marilly of his ambitious plans for the travel retail channel.
Korean downtown duty-free sales fall sharply amid department store tourist shopping boom
Duty-free sales nationwide (excluding inflight retail) fell -5.5% year-on-year in April, driven by a sharp decline in downtown sales to foreigners. However, spurred by a weak Won and surging tourism numbers, Korean department stores are riding a tourism shopping wave.
Areas targets €3 billion in annual sales as USA becomes largest market
The company generated revenue of €2.264 billion in 2025, up +2.2% year-on-year, while EBITDA increased +12.6% to a record €250 million.
Shinsegae Duty Free taps lifestyle technology boom as beauty devices and wearables drive growth
Shinsegae Duty Free highlights rising consumer interest in products that go beyond traditional categories as consumers increasingly prioritise innovation and everyday functionality.
Travel Food Services delivers strong sales and profit growth in Q4 and FY2026 despite subdued traffic
Q4 revenue surged +27.7% year-on-year, while FY2026 revenue rose +25.4%, with adjusted profit after tax increasing +15.1% in Q4 and +21.5% for FY2026.
Moodie Davitt WeChat: Key stories from Week 20
The Moodie Davitt Report offers unrivalled Chinese language coverage of key China-related stories, anchored by our dual WeChat platforms – our weekly Moodie Davitt Account and Moodie Davitt Report China Travel Retail Express, which publishes daily.
Shiseido navigates Japan-China headwinds as Hainan and wider travel retail temper Q1 -3% net sales decline
Shiseido Company pointed to “manageable” Japan-China tensions as inbound demand and Japan travel retail weakened in Q1, while stronger momentum in Hainan and wider travel retail helped steady regional performance.
Qatar Duty Free sales climb +9% year-on-year despite impact of war
“It is not often that a single financial year asks an organisation to demonstrate both the best of what it can achieve and the depth of what it can withstand. The 2025/26 financial year did both, and the Qatar Airways Group rose to each in turn,” says Qatar Airways Group Chief Executive Officer Hamad Al-Khater in what may be the standout industry quote of the year.
Q1 tourism shopping surges for Shinsegae – but department stores rather than duty free prove main beneficiary
Duty-free profitability continued to improve for Shinsegae in the first quarter but the real story lies in an extraordinary surge in tourist shopping (predominantly Chinese) at the company’s key department stores.
“Focused on what we can control” – SSP accelerates profitability drive in strong H1
We speak to SSP Group CEO Patrick Coveney as the travel food & beverage company delivers resilient H1 growth with revenue up +6.2%, profit up 18% and strong UK and international trading despite Middle East disruption.
Hainan duty free and wider Asia Pacific rebound offsets domestic weakness for KOSÉ in Q1
Recovering demand in the Hainan offshore duty-free market helped drive +16.4% net sales growth across Asia Pacific for KOSÉ Corporation in the first quarter.
