Commercial Sales Results
Lotte Duty Free flags luxury growth amid flurry of jewellery boutique openings at Seoul flagship store
The retailer addresses its strategy to boost competitiveness in watches & jewellery, reflected in fresh openings and a +25% year-on-year rise in sales over the past three months.
Coty CEO sounds upbeat note despite fall in full-year revenue and slide in profitability
Commenting on the results, CEO Sue Y. Nabi said that Coty’s financial strength, strategic discipline and proactive management of underperforming areas leave the company “primed to win” in the evolving beauty market.
Travel retail drags on The Estée Lauder Companies results but breakthrough DFA agreement and improving Asia position prompt optimism
Hainan improving; North Asian inventory levels better; a new home in the Asia Pacific division; and a breakthrough agreement with Duty Free Americas after a bitter 17-year divide make for an enhanced outlook for the US beauty powerhouse.
KOSÉ offsets first-half China and travel retail declines with Japan market growth
KOSÉ has posted modest sales growth in the first half of FY2025, as strong performances from DECORTÉ and Albion in Japan offset weaker results in China, travel retail and at the Tarte brand.
Strong double-digit travel retail sales decline hits The Estée Lauder Companies full-year results
The Asia travel retail slump was driven by subdued sentiment and lower conversion from Chinese consumers, while a move away from the North Asian reliance on daigou business impacted replenishment. Importantly, travel retail will now report into Asia/Pacific, instead of the EMEA region.
Food & beverage shines as London Gatwick Airport posts surging profits
A -3.2% year-on-year shortfall in retail performance was explained by a one-off duty-free adjustment last year; meanwhile profits rocketed +21.8% to £128.9 million (US$174.1 million).
Zurich Airport passenger traffic growth outstrips commercial performance through July
The Swiss hub maintained a recent history of passenger traffic growing faster than commercial turnover in July and in the year to date.
Falling duty-free concession income hits Airports of Thailand revenues in first nine months
The airports company has reported a -6.7% decline in non-aeronautical revenue for the nine months ended 30 June, with concession income sliding by -9.6%, much of it related to the King Power duty-free business.
Bahrain Duty Free records +9.7% Q2 net profit growth despite headwinds
The retailer reported a +9.7% year-on-year rise in net profit for the second quarter of 2025, reaching BD1.29 million (US$3.4 million).
Moodie Davitt WeChat: Key stories from Week 32
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.
Soft travel retail demand in Asia weighs on Diageo’s FY25 results
Travel Retail Asia posted a -24.3% decline in net sales, driven by subdued demand and ongoing retail inventory destocking.
Fraport Group retail revenues outstrip traffic growth in first half
Fraport Q2 retail revenue per passenger climbed €3.17 from €3.10 in the same period last year. This was driven by improved advertising and F&B spend though shopping spend weakened.
