Vaccination Programs Offer Dufry A Lifeline

Global travel retailer Dufry saw turnover tumble by 68% in the first quarter versus the same period last year, hit by a continuing lack of international shoppers in its stores around the world. But there is a glimmer of hope that summer trips will return in some regions.

Sales of $513 million (460 million Swiss francs) contrast sharply with $1.6 billion in Q1 last year, and $1.7 billion in the same period in 2019, before Covid-19 struck and travel bans were implemented.

A relatively better performance was seen in the Americas where sales were down 63%. In particular, the Hudson business in the U.S.—where a new

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