[The Moodie Report]
Dufry is planning to open around 10,000sq m of new store space in 2011
amid the continuing expansion of the business. That’s according to CEO
Julián Díaz, speaking to analysts and media after yesterday’s annual
results announcement.
As reported,
Dufry revealed a +9.7% rise in turnover to CHF2,610.2 million (US$2,867
million) in 2010 (up +15.0% based on constant rates), while EBITDA grew
by +19.2% (at constant exchange rates).
Díaz said: “We have signed contracts to open a further 10,000sq m of
space in 2011. In Europe this will be in Italy’s rail network and we
also won a tender in Martinique (in the French West Indies). In Africa
we have won a tender in Rabat, and in Eurasia we will open new stores in
Russia, Serbia and Cambodia. In Central America the development will
include new openings in Aruba, St. Kitt’s, Dominican Republic and
Jamaica, and in Brazil in South America.
“In North America we won a significant tender for 20 stores at Los
Angeles Airport, with other openings due in Chicago, Boston and many
other locations, both in the US and Canada. And in the pipeline over the
next 12-18 months we have a further 45,000sq m under negotiation across
all of our regions.”
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