• Duty Free PH sees flat sales this year

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    Duty Free Philippines (DFP) expects sales this year to be flat, in line with last year’s $230 million performance, due to traffic congestion going to Fiesta Mall in Parañaque City, its main city outlet, and terminal renovations that forced it to close some stores.

    “This year we are flat. We are flat because of traffic congestion going to Fiesta Mall and second, because of renovations in terminals and we have had to close our stores. But next year we will have a better year,” Lorenzo Formoso, COO of Duty Free Philippines, told reporters during a chance interview at the launch of a tourism and shopping event.

    Formoso said overseas Filipinos workers and regular travelers are the main customers of DFP’s city stores while its airport stores cater mostly to foreign tourists.

    He added that chocolate products account for more than a third, or 35 percent, of DFP’s sales.

    “We sell more than one container a day,” said Formoso.

    Despite slow sales this year, DFP is planning to set up more shops.

    “We are expanding at NAIA Terminal 3. We have a landside store. The difference between landside to airside is immigration. So before immigration, you call it landside, after or before [immigration]you call it airside,” Formoso said.

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