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Commercial Sales Results
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Richemont Group sales reach all-time high in latest financial year
The diversified luxury house’s saw off inflationary pressures and store closures due to the pandemic to grow sales by +46% in the financial year ending 31 March 2022, with profits also rising sharply. Read More
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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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Airports of Thailand reports Q2 concession revenues boost as phased recovery beckons
Airports of Thailand has reported a year-on-year +68.73% increase in concession revenues for its second quarter as travel restrictions into the country begin to ease. Read More
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Bahrain Duty Free net profits soar in Q1
The travel retailer achieved a net profit of US$2.93 million in the quarter, up +65.2% on the same period last year. Read More
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Traffic recovery boosts Fraport Group performance in first quarter
For the full year, Fraport management expects between about 55% and 65% of pre-pandemic passenger volumes at Frankfurt Airport. Read More
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Hainan’s Labour Day holiday sales fall sharply to US$96.8 million
Total sales (duty free and tax paid) for the Labour Day holiday from 30 April to 1 May at Hainan province’s ten duty free stores reached CNY645 million (US$96.8 million), down around -35% year-on-year. Read More
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Safilo reports solid first-quarter sales and profits growth
Net sales at the eyewear group climbed by +8.4% at constant exchange rates to €282.6 million in the first quarter, with profitability also improving year-on-year. Read More
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Gebr. Heinemann on recovery, regional reach and balancing retail and distribution
We bring readers further details and commentary from the annual Gebr. Heinemann press conference, featuring the company’s assessment of the drivers of performance last year, and how 2022 is trending to date. Read More
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King Khalid International Airport reports record duty free revenues for March
Riyadh Airports Company has recorded outstanding results for the airport’s commercial categories including a +62% rise in duty free sales against 2019, as traffic rebounded. Read More
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ETRC Index presents snapshot of industry performance in 2021
‘Revenge shopping’ by European travellers in H2 2021 helped boost travel retail sales and spend according to the ETRC’s full-year Business Performance Index. Read More
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Henkell Freixenet posts +11% rise in annual sales; travel retail grows by double digits
The leading sparkling wine company delivers a strong set of results for 2021, with sales exceeding 2019 and travel retail turnover doubling year-on-year. We feature details plus an interview with CEO Dr. Andreas Brokemper. 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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Travel retail up +33% as Pernod Ricard posts “very strong” nine-month results
Fast-recovering air passenger traffic drives a much-improved travel retail performance for the Martell to Chivas Regal French drinks powerhouse. Read More
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Turkey tourism rebound buoys TAV Airports
As travel and tourism recovers, state airports authority DHMI has forecast that passenger traffic at Turkey’s airports will hit 93% of 2019 levels in 2022 and reach a new peak in 2023. Read More
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