Provided by NZX
  • AIA6.945

    $0.1552.23%

  • Open 6.79 High 6.945 Low 6.79 Bid Price 6.91

    Offer Price 6.95 Value 4827423.75 Volume 701583

Current as of 20/02/17 07:39PM NZST
The Business Herald’s markets and banking reporter.

Airport shop places Ecoya brand in front of travellers

Ecoya hopes departing travellers will buy online on their return home. Photo / Supplied
Ecoya hopes departing travellers will buy online on their return home. Photo / Supplied

Scented candle and beauty products maker Ecoya has opened its first store - at Auckland Airport - and will open additional retail sites in Australia this year.

Chief executive Geoff Ross said the 23sq m store, in the international departures area, began trading last week.

The airport site gave the brand exposure to affluent international visitors who could purchase Ecoya products online after they arrived home, he said.

The retail space is shared with Trilogy, the skincare brand Ecoya purchased in 2010.

Ross said Ecoya would soon open two stores in Sydney - one in a large shopping mall and another in an "established shopping district".

Last month Ecoya forecast that its full-year revenue would be about 10 per cent higher than previous guidance, at around $22 million.

The company announced last month that institutional investors Pie Funds and Milford Asset Management were putting up $2 million for a stake in the firm.

Shares last night remained steady at $1.14.

- NZ Herald

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production apcf04 at 20 Feb 2017 21:52:50 Processing Time: 1095ms