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Fragrances has been a star performer, with +16% growth year-on-year |
UAE. Dubai Duty Free has recorded sales of US$1.14 billion in the first eight months of the year, representing a +12% increase over the same period last year. The company said it was on course to hit sales of US$1.8 billion this year, in which it marks its 30th anniversary.
Employing 6,000 people, Dubai Duty Free has consistently raised the benchmark for airport retailing in the Middle East. It has doubled sales six times in its 30-year history, since starting with year one sales of US$20 million.
Executive Vice Chairman Colm McLoughlin said: “We are pleased with the operation’s performance and no doubt the opening of Concourse A in January has contributed towards this. Plans are in place for the opening of retail operations at Al Maktoum International in October, when the terminal welcomes passenger traffic and in the longer term we are busy planning the new retail area in Concourse D at Dubai International.”
Fragrances, liquor and gold retained the top three category positions with fragrances showing a sales increase of +16% to US$181 million year to date. Gold retained its third position with an increase of +11% to US$113 million. Sales of tobacco were up by +12% to US$96 million while confectionery was up by +13% to US$92 million.
Other notable increases in sales were seen in cosmetics and delicatessen which rose by +17% and +13% respectively over the same period last year.
Departures sales have increased by +12% compared to the same period in 2012 and Arrivals and public shops have shown an increase of +15% and +14% respectively.
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Dubai Duty Free is on course for US$1.8 billion in sales this year |
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