Kering Q1 sales weakened by economic headwinds but eyewear business grows
The luxury powerhouse has reported a sharp -14% year-on-year decline in first-quarter revenue to €3.9 billion, on both a reported and comparable basis.
Revenues
La Prairie Q1 revenues hit by travel retail and China market headwinds
In a challenging market environment in China, the brand faced persistent headwinds in travel retail. Beiersdorf responded with a significant reduction of stock levels during the first quarter, especially in Hainan.
Coccinelle achieves double-digit sales growth in 2024
The Italian leathergoods company has reported a +10% year-on-year increase in turnover, driven by its customer-focused strategy and omnichannel expansion.
Bahrain Duty Free reports +17% growth in 2024 net profit despite Q4 decline
For the full year ended 31 December, the retailer’s net profit reached BD5.015 million (US$13.3 million).
Travel retail and China headwinds weigh on Coty’s Q2 performance
Despite strong demand for prestige fragrances, Q2 net revenue declined due to continued weakness in the mass beauty market and ongoing challenges in APAC, notably in China and Asian travel retail.
Hainan’s ‘buy and pick-up’ duty-free service surpasses CNY3 billion in 2024 sales
Haikou Customs has revealed that the ‘buy and pick-up’ duty-free sales in Hainan province exceeded CNY3 billion (US$411.7 million) this year.
ACI World data shows non-aeronautical airport revenues under severe pressure in post-COVID era
Challenging market conditions are severely hitting airport non-aeronautical revenues according to data exclusively presented by Airports Council International at last week’s Trinity Forum in Ho Chi Minh City, Vietnam.
Coccinelle targets €100 million in annual revenue after strong nine-month performance
Coccinelle registered a +13% year-on-year revenue increase in the first nine months, underpinned by a notably strong EBITDA.
DFP rolls out online sales platform with key travel retailers to boost duty-free market
With the introduction of South Korea's visa-free travel policy to China, DFP aims to increase demand from this key customer segment through its new online sales service.
Strong commercial revenues among key drivers for Perth Airport FY24 profit rise
Net profit after tax increased +13.59% against the previous financial year with year-on-year increases in revenue across all airport operations, including retail, food & beverage and car parking.
SSP Group maintains strong momentum as Q4 revenues rise +15% year-on-year
The travel restaurateur delivers another highly profitable quarter, as 2024 full-year revenues hit £3.5 billion (US$4.59 billion).
Global Blue data reveals strong tax-free shopping revenues impetus continues in August
Tax-free shopping revenues grew +17% year-on-year in August, according to new figures from the tourism shopping tax refund company.
