Commercial Sales Results
L’Oréal delivers “exceptional” third quarter; travel retail returns to growth
A “very positive Hainan” helps L’Oréal to a stellar third-quarter where growth was posted across all divisions and regions with “remarkable” performances from Professional Products and L’Oréal Dermatological Beauty and a strong recovery in Luxe.
Groupe ADP retail revenues slip in first nine months amid challenging market backdrop
Retail activities, from shops and restaurants to advertising and car rental, saw revenues dip by -3.6% year-on-year through September, caused by multiple factors including the Middle East crisis, currency fluctuation and a softer luxury market.
Heathrow retail revenues post slight rise in first nine months as passenger traffic slips
Retail revenues climbed marginally year-on-year (+0.7%) to £592 million (US$793 million) at the UK hub, against the backdrop of a -0.6% decline in passenger traffic, which included a sharp fall on Middle East routes.
TAV Airports buoyed by rising duty-free spend in first nine months
Duty-free revenue climbed +11% to €78.4 million, with spend per head leaping +21% to €10.00 in the nine months.
South Korean duty-free sales revenues up in August but per-customer sales soften
Nationwide duty-free sales (excluding inflight) rose +4.1% year-on-year in August but failed to keep pace with +11.7% customer volume growth.
Europe and North America support solid third-quarter 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.
