Commercial Sales Results
Europe and North America support solid Q3 revenue growth at Lagardère Travel Retail
Revenue grew by +5.1% excluding the North Asia region, which was affected by the continued reduction of the store network in China.
Zurich Airport commercial performance buoyed by strong airside sales growth in first nine months
Airside sales from January through September climbed by +7.8% year-on-year with landside sales down -3.6% against the backdrop of a major renovation programme.
LVMH organic revenue growth slows in Q3 amid “uncertain geopolitical and economic environment”
In the third quarter, organic revenue growth reached +1% year-on-year, which reflected “a less buoyant environment in China, while the United States, Europe and Japan saw good growth”.
CDFG Hainan stores post +21% traffic growth during National Day holiday as duty-free sales climb
A +21% surge in footfall at China Duty Free Group’s Hainan stores during ‘Super Golden Week’ was reflected in the province’s wider offshore duty-free market, with sales reaching US$127.57 million during the National Day holiday (1-7 October) alone.
SSP Group reveals expected rise in full-year revenue and earnings per share in trading update
Full-year revenue is expected to hit £3.8 billion (US$5.03 billion), up +5% year-on-year, with earnings per share up around +18% despite the impact of war in the Middle East, says F&B powerhouse SSP in a trading update.
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 two WeChat platforms – our weekly Moodie Davitt Account and Moodie Davitt Report China Travel Retail Express, which publishes daily.
Moodie Davitt WeChat: Key stories from Week 31
The Moodie Davitt Report offers unrivalled Chinese language coverage of key China-related stories, anchored by our two WeChat platforms – our weekly Moodie Davitt Account and Moodie Davitt Report China Travel Retail Express, which publishes daily.
Terminals to Watch: Air4casts spotlights eight airports where confectionery opportunities beckon
Jakarta Airport Terminal 3 tops the analysis, which compares passenger nationality mix and modelled confectionery propensity across high-volume international departure terminals.
WHSmith trading update anticipates revenue rise but profits fall in financial year
In a trading update for the year ended 31 August, WHSmith said group revenue is expected to climb by +5% year-on-year though profits look set to fall sharply.
Puig strengthens skincare presence by taking full ownership of ISDIN
The acquisition of the remaining 50% of ISDIN from long-time partner Esteve gives Puig full ownership of the fast-growing dermacosmetics business while expanding the group’s skincare platform.
Strong airside sales maintain Zurich Airport commercial momentum throughout August
The rise in airside sales outstripped +4.5% passenger traffic growth in the eight-month period.
Summer tourism rush fuels Hainan offshore duty-free sales
A Hainan government statement highlighted a surge in tourism consumption over the summer, with large-scale concerts contributing to visitor volumes.
