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Dufry turnover hits $509m for Q1 as 60% of stores reopen

Dufry turnover hits $509m for Q1 as 60% of stores reopen
dfnionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dfnionline.com Daily Mail and Mail on Sunday newspapers.

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Díaz praises Dufry Group's resilience as turnover slides 71% in full year 2020

Dufry turnover slid by 71.1% in 2020 to CHF2,561.1 million.
Dufry Groupâs sales capacity expects to reach 65% â around 60% of its shop footprint Ââ by the end of the first quarter, the global travel retailer announced today (9 March).
The Basel-headquartered company continues to open its retail units progressively after suffering âsingle-location productivity scenariosâ amid continued travel restrictions across the globe.
Of its circa 2,300 shops, approximately 1,300 were open (
representing roughly 60% of sales capacity) as of February.
Recently re-opened locations include in the US in Denver, Atlanta, Miami and Tampa; in the UK; Greece; Spain; Morocco; Chile; Colombia; and in Puerto Rico. Current retail pipeline opportunities stood at around 31,500sq m, correct as of the end of February. ....

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Dufry closes challenging 2020 with foundations laid for strong recovery

Dufry closes challenging 2020 with foundations laid for strong recovery
Dufry will focus on growth opportunities including accelerating expansion in Asia, digitalisation or further channel diversification
Dufry concluded the challenging financial year 2020 with
turnover of CHF2.56bn (-71% yoy) and
organic growth declining 69.8% year-on-year.
Dufry’s performance in the year was impacted by the unprecedented level of disruption in its retail operations, driven by international travel restrictions implemented by governments worldwide and temporary operational shut-downs of airports, cruise lines and other channels.
However, the company stated it closed the year with
strong liquidity, full cash flow control, strategic initiatives to drive recovery and the encouraging re-initiation of travel as restrictions slowly eased from Q3. That growth has plateaued since Q4 due to renewed containment measures in some countries, mainly Europe. The retailer said s ....

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DFNI Interview: Dufry Group COO Asia Pacific Pedro Castro

DFNI caught up with Castro to hear more about the pivotal moment that saw the retailer mark its first step into the duty-free market in China ....

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Dufry Opens First Downtown Duty Free Shop in Hainan, China

Dufry Opens First Downtown Duty Free Shop in Hainan, China
02 February 2021
Dufry and Hainan Development Holdings opened their first downtown duty-free shop called Global Duty Free Plaza on January 31, 2020 at the Mova Mall in the city-center of Hainan’s capital Haikou in China.
Dufry said that the opening is right on time for the Chinese Spring festival, which is an important travel, holiday and shopping period.
The new downtown duty-free shop called GDF Plaza,
Global Duty Free Plaza offers customers an attractive selection of internationally renowned brands and local premium labels covering all core categories such as perfume & cosmetics, food and confectionery, wine & spirits and sunglasses. ....

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