Top Travel Retailers Report (continued)
Duty Free Americas
2021 Sales (million)
€1,407
2021 Rank
10
Even amid a difficult trading climate, Duty Free Americas has performed strongly during the pandemic, with sales in 2021 in excess of US$1.6 billion, or €1,407 million at 31 December exchange rates (the Dollar has since strengthened further against the Euro).
The retailer benefited from the solid contribution of the border business, in particular between the US and Mexico, through the crisis, with regional travel (Mexico, the Caribbean) also bouncing back in 2021. This offered a solid base for the duty free business even with long-haul routes largely restricted.
Macau also showed a good recovery with Mainland China visitors returning. DFA is also building on its presence in South America with further expansion, especially in the Brazilian border channel, where it plans more openings this year.
The border business in South America has come back fast in recent months as travel has reopened (Chuy in Uruguay pictured)
With diversification firmly in mind, DFA continues to look for potential acquisitions or partnerships to gain regional entry (Europe, Asia) while it has also created divisions for food & beverage and ship supply in recent years.
The group’s other operations include online liquor sales in Israel, Singapore and Panama, buoyant through the pandemic. In a related development, family members Dov and Samuel Falic have created BlockBar.com, the direct to consumer NFT marketplace for wines & spirits, which has been a home for several big brand launches in this fast-emerging digital space.
DFA at Punta Cana Airport, a key Caribbean destination for US visitors
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The Moodie Davitt eZine Issue 313 | 28 July 2022
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