Commercial Sales Results
Cruise retail specialist Harding+ posts +3.1% rise in full-year revenues and returns to profit
Leading cruise retailer Harding+ has reported a +3.1% rise in revenues in its 2024 financial year to £305 million (US$414.6 million). The business also returned to profit.
Moodie Davitt WeChat: Key stories from Week 36 as main platform tops 6,000 followers
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.
Korean duty-free sales continue to soften in July as downtown business slumps
Continue erosion of the daigou business, sagging demand from Chinese tourists and a modest improvement in airport sales. They are the main takeouts from the latest Korea Duty Free Association figures.
Hainan offshore duty-free sales dip -9.2% in first half despite surge in tourism spending
More tourists. Fewer shoppers. But those who are shopping are spending more. That’s a first-half snapshot of how the island province’s offshore duty-free channel fared, underlining how many visitors have reprioritised other forms of travel spending over shopping.
Dubai Duty Free soars to new heights with record US$177 million in August sales
Dubai Duty Free sales hit another monthly sales high in August, propelled by the Dubai Chocolate dynamic in confectionery alongside strong growth performances across multiple other categories.
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.
