Commercial Sales Results
Airside sales growth continues to buoy Zurich Airport commercial performance through October
An impressive +7.2% rise in airside sales year-on-year outstripped +3.8% passenger traffic growth in the first ten months at the leading Swiss airport.
North America recovery buoys Safilo performance in Q3
Safilo’s third-quarter sales rose +3.% year-on-year as business with major US retail chains rebounded and sunglasses sales returned to growth in North America.
WHSmith full-year revenues climb but profits fall amid “fundamental reset”
Revenue climbed by +5% year-on-year with like-for-like growth of +2%, but headline group pre-tax profit fell -29% against a backdrop of inflation, macroeconomic headwinds and a restructure of the business.
Key China & Travel Retail division’s performance picks up in Q3 for Shiseido
The Japanese beauty house’s China & Travel Retail division turned in an improved third-quarter performance to 30 September with sales rising +16.6% year-on-year.
Hainan’s offshore duty-free sales climb +12.5% in first ten months as policy enhancement spurs spending
Collectively, the latest numbers from Haikou Customs portray an encouraging rise in average spend.
South Korean duty-free sales revenues fall -3.6% in September despite hike in customer volume
As with August, sales fell well short of passenger growth, indicating a much-softened spending pattern. Foreigners generated 73% of sales but revenues were down -3.8% year-on-year despite a +25.1% rise in customer numbers
Asia Pacific travel retail picks up for Diageo in first quarter
Diageo’s first-quarter net sales rose +1.2% to US$4.9 billion, with double-digit travel retail growth supporting gains in Asia Pacific as North America remained under pressure.
Coty’s core Prestige brands return to growth in Q1, narrowing net revenue declines
Growth in Coty’s core Prestige brands and Asia travel retail provided bright spots as first-quarter revenue declined -1% year-on-year and the beauty group advanced its portfolio transformation under the Coty.Curated framework.
Fraport retail performance buoyed by Frankfurt T3 impact amid “difficult market environment”
Fraport CEO Dr. Stefan Schulte says: “We’ve achieved a solid result at the group level, despite a difficult market environment due to the geopolitical situation in the Middle East and steep increases in jet fuel prices.”
Earnings call: East meets west in improved travel retail showing for The Estée Lauder Companies
“We have had strong growth in the quarter in travel retail and are very proud of the work that the team is doing,” says an upbeat Stéphane de La Faverie, President and Chief Executive Officer of the US beauty products powerhouse.
Asian travel retail rebounds as The Estée Lauder Companies delivers robust Q1 results
The Estée Lauder Companies today delivered strong Q1 results with sales, margins and earnings per share all in encouraging territory. Asia travel retail is on an upward curve, helping to drive Asia Pacific organic net sales growth of +10%.
Revenues soft but China Tourism Group Duty Free posts +25% rise in Q3 net profits
Hainan remains the key battleground for the China Duty Free Group parent, with the retailer’s market share increasing by more than two percentage points year-on-year, despite the channel’s slowing growth.
