The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
Two of the industry powerhouses- Dufry Group and The Estée Lauder Companies – report excellent financial results for the quarter just ended, and strong travel retail sales helped propel both companies to success. See pages 1, 2 & 3.
ELC also announced a number of leadership changes, promoting several familiar names from travel retail to head up key growth engines for the company. See new positions for Fabrice Weber, Mark Loomis and others, on page 3.
BY THE NUMBERS
Air passenger numbers weren’t quite so positive in September, reports IATA, after the United States (with 40% of all domestic traffic) and Japan felt the impact from violent weather during the month. The disruptions appear to be temporary, however, says the industry group. Full numbers on page 4.
AT THE POINT OF SALE
DFS Group has opened the first-ever FAO Schwarz airport store in New York’s JFK International Airport, Terminal 4.. The iconic pop-up will be open through the holidays. During the months of November and December 2017 DFS is also opening additional FAO Schwarz pop-ups in Los Angeles International Airport (LAX), San Francisco International Airport (SFO) and at T Galleria by DFS, Guam. More on page 5.
Supply Side News
Italian confectionery company Ferrero makes news both for its new Nutella platform in travel retail and for more acquisitions in the U.S. See page 4.
Kering and Cartier reveal details of their first eyewear collection under their new joint agreement. Page 5.
Porthole Cruise Magazine founder Bill Panoff has launched Cruise Control, a YouTube video blog covering all facets of the cruise industry. Page 5.