Hudson Group reported improved sales trends in the third quarter ended Sept. 30, relative to the year-over-year sales results in the second quarter of 2020. Nevertheless, the COVID-19 impact on the travel retailer’s sales have been significant. Turnover for the three months ended September 30, 2020 decreased from the prior year period by 74.1% to […]
Dufry
New border shops open in Brazil despite slowdown
Border store openings in Brazil slowed down towards the end of 2019 when the Brazilian economy stagnated and did not advance in line with expectations. The pandemic clearly made the situation much worse for all operators and business was non-existent during the second quarter of this year. As of the beginning of the third quarter, […]
Salt Lake City Airports opens the first phase of The New SLC
The Salt Lake City Department of Airports (SLCDA) opened the first phase of The New SLC Airport on September 15. Described by Bill Wyatt, SLCDA executive director as the “first new hub airport built in the U.S. in the 21st Century,” phase one of the $4.1 billion airport project features a new parking garage, gateway […]
Duty Free Dynamics finalizes Seiko’s presence with Dufry Mexico
Duty Free Dynamics has confirmed the full scale presence of Seiko’s medium-luxury range watches in Dufry’s high-end brands store # 126 located at Terminal 1, Boulevard 1, Mexico City International Airport. Seiko had been first introduced at this store in September 2019, in a pop-up shop that featured two counters displaying a wide range of […]
Dufry to acquire full equity in Hudson and delist Hudson from NY Stock Exchange
Dufry and Hudson Ltd. announced this week that they have entered into a definitive agreement in which Dufry would acquire all the equity interests in Hudson it does not already own for US$7.70 in cash per Hudson Class A share. Upon completion of the trans-action, Hudson will be delisted from the New York Stock […]
Dufry turnover plunges -62% in first half; accelerates re-opening and re-organization
Dufry, the world’s largest travel retailer, last week revealed the impact of the COVID-19 pandemic on its first-half results, and it should come as no surprise how dire the impact was on earnings. During the first six months of the year, Dufry’s performance was impacted by the unprecedented level of disruption of retail operations, globally driven by […]
Hudson reopens over 200 stores in phased approach, but reduces workforce nearly 40% due to COVID-19 pandemic
North American travel retailer Hudson has slowly begun reopening its travel stores closed due to the COVID-19 pandemic. Hudson is also bringing back a number of furloughed team members, announced the company in its 2Q financial statement. In order to preserve liquidity, the Company had implemented a number of cost savings actions beginning in March, […]
Gamma3 Council debates next steps for luxury onboard cruise retail
The Gamma3 Council, an association of brands and retailers in the high-end segment in the Americas, has been holding a series of virtual webinars organized by Diego Stecchi, managing partner of Luxury Retail Partner, who founded the group in 2007. A recent Gamma3 Council session examined the impact of COVID-19 on the Caribbean as it […]
Dufry’s new global restructuring program aims to reduce personnel expenses 20-35%
Travel retail giant Dufry last week announced that it was implementing a restructuring program to mitigate the consequences of the COVID-19 pandemic. The restructuring is in line with the initiatives that the company announced in May and earlier this month to reduce expenses and to adapt the company to the new business environment. The program […]
Hudson pulls out of F&B deal with OHM
Hudson Group has terminated its previously announced acquisition to buy a majority stake in the assets of US-based food and beverage (F&B) concessions operator OHM Concessions Group. Hudson originally agreed to buy a majority stake in the assets on October 31, 2019 for an unannounced sum. The acquisition would have added approximately 60 additional food & beverage […]
Hudson and Dufry sign new 8-year contract at Toronto Pearson
Dufry and Hudson have been awarded an eight-year duty free retail contract at Toronto Pearson International Airport. Starting in June 2022, the con-tract continues a 35 year partner-ship with the airport authority and includes the creation of a strategic Joint Management Committee, which it hopes will help redefine the passenger experience at the airport. […]
L’Oréal Americas TRAM celebrates Armani Cinema World Tour with holistic airport experience
L’Oréal Travel Retail has taken Armani’ Beauty’s iconic Armani World Cinema Tour across America’s top airports from Rio de Janeiro and Buenos Aires to Los Angeles and Toronto. The Cinematic HPP embraced the true spirit of the global traveler with the participation in one of the most prestigious International Film Festival, two pop-ups and the […]
Hudson unveils new branding, store design
Hudson, over the past two weeks, unveiled its new branding and a revamped and innovative store design concept for 2020 that the company says positions it for future growth, while enhancing the airport experience for today’s consumers. The next generation Hudson stores will feature digital displays that allow for localized consumer content and a flexible […]
Enrique Urioste joins Dufry in key South American role as Oscar Garcia Pedrosa prepares to retire
Enrique Urioste, one of the Americas most recognized and respected travel retail operators, is joining travel retail giant Dufry as Cluster General manager for South America (excluding Brazil). He assumes the new role as of January 1, 2020. Urioste will replace Oscar Garcia Pedrosa, who will retire in mid-2020. From his initial introduction as the first Secretary General of South […]
Beam Suntory brings together “the best of the East and West” with Legent bourbon
Beam Suntory launched its new unique bourbon Legent exclusively with Dufry in the DF &TR market (excluding Asia) in September for a 12-month period, before being rolled out across the rest of the GTR sector. Legent brings together the “best of the East and West” starting as a Kentucky Straight Bourbon with the Beam classic family recipe; […]
