Global economic uncertainties ahead, but travel retail invests in the future

181 Pages·2013·31.76 MB·English

Special Issue
IAADFS
Duty Free Show
of the Americas
April
2013
Global economic uncertainties ahead,
INSIDE INSIDER

but travel retail invests in the future NEWS
North America
FDFA updates
Economic forces in the
JFK T4 unveils new retail plans
Americas are murky these days.
+ Chicago O’Hare, MarketPlace
Analysts warn that U.S. economic Development in Washington,
growth should prove uneven given Stellar Partners go West
the downside risks of Europe’s
sovereign debt/banking crisis, Caribbean
a Chinese slowdown, and U.S. Shoul’s in Antigua
fiscal imbalances. Nevertheless, Penha expands
John Bull, The Bahamas
the past few weeks are seeing
ASUR at LMM
record stock market levels,
Le Rouge in Curaçao
slowing unemployment and the
SMT in Puerto Rico
strongest housing market in years.
But enforced U.S. government
spending cuts– just coming online
this month -- could put the brakes
on the U.S. recovery.
Following several years
of consistent GDP growth, the The Essence Corp. management team at 25 includes two generations of family:
economies in Latin America Jean-Jacques and Patricia Bona, President and Vice President respectively, their
struggled in 2012, impacted son Antoine Bona, Executive Sales Director - Travel Retail, their nephew Guillaume
by the slowdown in Brazil Bona, Executive Sales Director – Caribbean, and daughter Laetitia Bona Piedra, Rum Wars pit island producers
Executive Director Administration & Finance. See full story on page 74.
and Argentina, writes TMI against industry giants
correspondent John Gallagher Even the fragile Caribbean producers pitted against some
Latin America
in this issue. Brazil is widely economies – so tied to the U.S. – industry giants. TMI is honored
Guyana, London Supply,
expected to recover and speed are showing the strongest tourism to welcome esteemed business
Attenza Duty Free,
up its growth, but recovery numbers in five years, except for writer Doreen Hemlock, who
Brazil Border stores,
in Argentina – along with the islands aligned with the U.K., along with Caribbean expert Wisa, Neutral, DFAU,
Venezuela—is worrisome, with which are impacted by Britain’s Larry Luxner, prepared an Siñeriz, Shopping China
an as yet unknown impact on lagging economy and the air indepth overview and analysis of
its own population and business passenger duty. the complicated situation. Supplier Features
partners. The travel retail industry We must also send our Fragrance, Accessories, Watches,
Travel retail reacted in continues to invest in its stores congratulations to Jean-Jacques Tobacco, Confectionery, more
its own way to the market and its business. A number of and Patricia Bona and their
Plus the most extensive spirits
inconsistencies. Most Uruguayan those new projects throughout the family, on the 25th anniversary
news in the Americas
and Paraguyan border stores region are highlighted in this issue of their company, Essence Corp.
reported flat to slower growth in of Travel Markets Insider. The The Bona’s prove in the strongest
2012, but are already showing majority of suppliers we spoke way possible that values and
improvements this year. Air with also report strong business ethics can go hand in hand with
traffic was robust in most of Latin over the past year – although there business success.
America, and several new airports is a distinct difference of opinion All of these stories, and
have opened to accommodate the between the brands that are raising many more, are covered in these
strong growth. Air traffic did not prices for their duty free customers pages. Once again, we thank you
grow as fast in the more mature and the operators who are decrying all for your loyal support and ELC unveils Essenze by
North American market, but it was the shrinking gap between their readership over the years and Ermenegildo Zegna.
the most profitable. Significant offer and that on the local market. for allowing us to share your
Products, People & Places
airport investment is underway One key story from the region business and your news.
The Insider View
throughout the region – all of it involves the so-called Rum Wars
promising new opportunities for taking place in the Caribbean Lois Pasternak,
travel retail. and the U.S., with Caribbean Editor/Publisher
THE RICHARDS GROUP JOB #: 10-0055-PTR CLIENT: Patron
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