Dufry: the return of Chinese tourists is boosting the travel-retail business
What: The Swiss duty-free specialist exceeded its Q1 sales targets thanks to the strong recovery in tourism.
Why it is important: Thanks to the loosening of travel restrictions in China, the retailer saw sales jump 276.9% in the first quarter in the Asia-Pacific region.
With more than 2,300 stores in tourist locations around the world, the retailer saw turnover increase by 113.4% to CHF 2.35 billion (EUR 2.41 billion) compared to 1.12 billion last year and its quarterly sales beat estimates by 10%.
Dufry: the return of Chinese tourists is boosting the travel-retail business
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EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
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EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
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