25 Jun '14, 11pm

@BloombergNews

@BloombergNews

European airports are suffering from a slump in retail sales that typically deliver two-thirds of profit at major hubs as a sliding ruble curbs spending of Russians who can spend four times as much as the average traveler. The Ukraine crisis and strength of the euro, pound and Swiss franc against emerging-market currencies has hit retail sales at hubs from London to Frankfurt , with the squeeze worst at airports in the two countries at the center of the conflict. “We’re feeling the impact,” said Pierre Viarnaud, head of Russian operations at Hamburg-based Gebr. Heinemann SE & Co., which operates 230 shops at 61 airports. “In Moscow, we have a significant drop in spend per passenger. In Kiev, it’s even more dramatic, almost 50 percent lower than last year.” Russians are staying at home or limiting spending when they do travel after the ruble hit a record low of 51 to the eu...

Full article: http://www.bloomberg.com/news/2014-06-25/russians-shoppin...

Tweets

Russians Shopping Less as Ruble Drops Hit Rolex-Selling Airports - Businessweek: Russians Shopping Less as Rub...

Russians Shopping Less as Ruble Drops Hit Rolex...

businessweek.com 25 Jun '14, 11pm

European airports are suffering from a slump in retail sales that typically deliver two-thirds of profit at major hubs as ...

Airport shops take big hit as weak ruble curbs ...

twitter.com 26 Jun '14, 2pm

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

“@BiIlionairesX: Black and gold #Rolex. `

twitter.com 25 Jun '14, 2pm

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Chiropractic care can help prevent injuries. If...

golfchannel.com 25 Jun '14, 6pm

Shortly after Tiger Woods announced Tuesday he will miss next week’s Masters after undergoing back surgery, women’s golf l...

LBMA Forum Singapore: SGE Chairman Confirms Chinese Gold Demand In 2013 Hit 2000 MT via @ingoldwetrust

LBMA Forum Singapore: SGE Chairman Confirms Chi...

ingoldwetrust.ch 25 Jun '14, 9am

Following up on our brief discussion before, I’ve continued to follow your excellent blog and have some breaking news for ...