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Peace Arch reports strong sales in first halfPeace Arch reports strong sales in first half
Tina Milton
19-Sep-2007
The Canadian border store operator has announced healthy results from January to June
Canada border shop operator Peach Arch Duty Free has announced healthy sales results for the first half of 2007 driven by strong gains in the fragrances and cosmetics category.
The company also reported a 3% increase in “capture rate” at its shop at Douglas border crossing between British Columbia and Washington. The business is continuing with an aggressive pricing policy to encourage further sales increases.
Company president Peter Raju stated that the store has contributed to the growth of overall duty-free sales in Canada’s Pacific region. The 26,000sq ft (2,416sq m) Peace Arch shop opened in July 2006.
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(23-Feb-2007) - Canada’s newest border retailer has reported encouraging growth in sales since opening its permanent outlet in July last year
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(5-Sep-2002) - CANADA. As DFNI went to press, Peace Arch Duty Free was preparing to sue landowner the Semiahmoo First Nation band for alleged breach of agreement over its 20-year lease at the Douglas, British Columbia border crossing with the US. Peace Arch president Peter Raju has threatened a lawsuit unless a new contract is signed by the end of August.
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