"However, it is in the retail side of the business that BAA has
really scored by unashamedly aiming airport stores at the upper end of
the market and creating a competitive environment within airport
terminals. At Heathrow's Terminal 4 the shopper has a choice of at
least a dozen different clothing brands. Retail operations contributed
44% to BAA's bottom line and that figure is expected to grow. As Des
Wilson, sirector corporate and public affairs, comments: "The security
element and sheer volume of passengers has made it necessary for people
to spend more time at an airport, so food and retail outlets have
become an essential feature. As tourists are attracted to SA they will
demand better shopping facilities."
Imaginative tenant mix and
innovative marketing skills persuade 40% of departing passengers to
part with their money while waiting for flights. Airports have always
had a reputation for ripping off the trapped consumer, so BAA has
introduced a worldwide "no quibble" guarantee on any goods bought in
its terminals. It will refund passengers (at no expense) or exchange
goods. BAA also guarantees its prices are no higher than high street
prices."
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Other title(s) for this story: UK model could help SA airports lift of
