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Nordic Markets
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Dufry Group turnover recovery accelerates through first quarter
In a trading update, the retailer said that Q1 was “characterised by continuous improvements during January and February, resulting in increasing sales trends in most regions globally from March onwards”, a trend that continued into April. Read More
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Estée Lauder posts strong Q3 results despite ‘accelerated headwinds’
The American beauty powerhouse reveals double-digit growth in Q3 global travel retail sales despite a slowdown in March due to COVID-related restrictions in China. Read More
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Gebr. Heinemann turnover climbs to €2.1 billion in 2021 as group returns to profit
Sales at Gebr. Heinemann climb by +31% year-on-year amid some recovery in travel markets. For 2022, the Hamburg-based company is forecasting that it will reach 75% of 2019 turnover, alongside “solid profitability”. Read More
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Skift Travel Health Index shows continuing global recovery; China and Japan lag
The Skift Travel Health Index is a real-time measure of travel industry performance across 22 countries and core verticals within it. It also offers a useful indicator of national and international travel retail recovery. Read More
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Hainan prospers as L’Oréal overcomes ‘unstable’ context to post strong Q1 growth
In presenting a vibrant set of first-quarter results, L’Oréal CEO Nicolas Hieronimus highlighted the group’s stand-out performance in the key Hainan travel retail market. Read More
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Registration opens for Nordic Travel Retail Seminar on 8 June
Former Swedish Prime Minister Fredrik Reinfeldt and Micael Dahlen, a Professor at the Stockholm School of Economics, will give keynote addresses at the conference. Read More
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EU tourism recovery plan could deliver arrivals duty free opportunity, says ETRC
The EU Commission is to consider policy options that support tourism, with a study under way. Travel retail campaigners are optimistic that it can also include a proposal to allow arrivals duty free in the region. Read More
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Helsinki Airport opens tax-free shopping to domestic passengers
Domestic travellers at Helsinki Airport can now shop at any of the airport stores (other than for liquor & tobacco) following a tax-free sales amendment. Read More
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Mondelez and Travel Retail Norway team up for Freia charitable campaign
In a two-month promotion, 20% of sales of travel retail exclusive Freia ‘I love Norway’ boxes made by Travel Retail Norway at Oslo Airport will go to charity Fattighuset. Read More
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Karl Walter and Stefan Wihlborg join Nordic Travel Retail Group board
The Nordic Travel Retail Group elects a new board, with well-known and respected industry figures Karl Walter and Stefan Wihlborg joining the executive team. Read More
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Kering Eyewear boss Roberto Vedovotto on unlocking Maui Jim’s “huge potential”
After today’s big news of the Maui Jim acquisition, Kering Eyewear President & CEO Roberto Vedovotto spoke to media representatives, including The Moodie Davitt Report from the travel retail sector. Read More
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‘Customer service leadership’ – ACI reveals Airport Service Quality award winners
ACI recognises 87 airports around the world for their customer service in the second year of the pandemic, through the ratings of travelling consumers. Read More
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Copenhagen Airport 2021 concession revenues fall -66.5% against 2019
Concession revenues fell -8.2% for the year but airport operator Copenhagen Airports offers a positive outlook for the future in its annual report. Read More
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Nordic Travel Retail Group and m1nd-set strike research partnership
The m1nd-set partnership will provide NTRG members with quarterly insights and reports on traveller shopping behaviours and air traffic forecasts. Read More
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