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LS Travel Retail H1 2012 sales up by 8%

RBR Staff Writer Published 06 September 2012

Duty free division of Lagardere Services, LS Travel Retail, has reported an increase of 8% in first half (H1) sales for 2012.

The company attributes the growth to new concession gains, new business acquisitions across the continents and due the improved performance of existing operations, including the implementation of new business initiatives and collaborations.

In France, turnover generated on duty-free and luxury sales was up by 23% in the six months ended 30 June while in Germany the growth was 10% after the opening of six new airport outlets.

Business in Poland increased by 19% with the sales in Czech Republic up by 34%.

Romania and Bulgaria sales increased by 20%, while in Spain strong fashion sales at Malaga and Alicante airports drove duty free and luxury sales to 10% growth.

Pacific region sales were up by 4.5% and Asian sales gained 43%.

Only the North American market returned single-digit sales growth of 2%.