Commercial Sales Results
Richemont posts “solid” start to the year as jewellery sparkles
Luxury house Richemont posted a +3% year-on-year rise in sales (at actual exchange rates, +6% at constant) to €5.4 billion for its first quarter ended 30 June 2025.
Zurich Airport commercial growth slows in first half
Airside sales climbed +1.5% but landside sales fell -4.5% in the half.
Korean duty-free sales drop -16.1% in May despite boost in customer numbers
Duty-free sales nationwide fell sharply in May to KRW1,052,530,423,979 (US$774,478,719) despite a +5.77% year-on-year increase in monthly customer numbers.
Dubai Duty Free smashes all-time half-year records with US$1.128 billion sales
Dubai Duty Free continues to up its game, turning in a stellar H1 showing despite severe flight disruptions in late June. Spurred by the Dubai Chocolate phenomenon, confectionery sales soared an extraordinary +62.7%.
Manchester Airports Group retail income climbs +9% amid strong year; CAVU division revenue grows by double digits
Manchester Airports Group today reported full-year results for the 12 months to 31 March, with income from retail concessions climbing +9% year-on-year to £327.9 million (US$451 million).
Avolta highlights continued Destination 2027 progress with strong financial results
The results reflect the strength of its commercial innovation and underline its focus on driving sustainable value for shareholders.
Moodie Davitt WeChat: Key stories from Week 24
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.
Europe’s airport duty-free sales hit all-time high of €9.5 billion in 2024, ETRC reports
The latest ETRC Business Performance Index shows a +9.5% leap in airport duty-free sales in 2024. The trade body has also released the first Nordic & Baltic Ferry Index, previewed at the Nordic Travel Retail Seminar last week.
Korean duty-free sales fall -5.25% year-on-year in April despite rise in customer numbers
While the daigou sector remains important in Korean duty free, its erosion is reflected in a -5.25% year-on-year decline in April sales despite a near +4% increase in customer numbers.
Rémy Cointreau withdraws long-term guidance as full-year sales and profits fall sharply
Market volatility continues to weigh on performance, forcing Rémy Cointreau to withdraw 2029-30 projections in favour of modest mid-term growth targets for 2025-26.
WHSmith buoyed by UK Travel business momentum in trading period to 31 May
In the key UK market, Travel revenue rose +5% on last year with like-for-like revenue up +6%.
Dubai Duty Free smashes more records with second-highest non-December sales result
Hot chocolate. Dessert storms. Fast-growing fragrances and encouraging all-category growth. Read on for continued evidence of a remarkable resurgence at the world’s biggest single airport duty-free location.
