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Dubai Duty Free Hits Dhs 2.56 billion sales

Dubai Duty Free has announced record year-end sales that signal a new retailing milestone for the operation. Sales for 2006 reached over Dh2.56 billion, representing a 20 per cent increase over the previous year.

Commenting on the year-end figures, Shaikh Ahmed bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation and Chairman of Emirates Group said, "It has been another highly successful year for Dubai Duty Free and the turnover reflects the operation's determination to retain its position as one of the top three duty free operations in the world. I congratulate the team at Dubai Duty Free on its record-breaking achievements."

While sales throughout the year showed a consistent increase, the last quarter saw sales rise significantly. December was a fitting end to the year as sales for the month reached Dh290 million, which is 33 per cent higher than the former record month set in December 2005.

Commenting on the highlights of the past twelve months, Colm McLoughlin, Managing Director of Dubai Duty Free said, "2006 has been a fantastic year for the operation, which on average handled over 44,000 sales transactions per day or 16 million transactions in the year. These figures are an indication of the hard work undertaken by our team here at Dubai Duty Free. I would like to take this opportunity to thank Shaikh Ahmed bin Saeed Al Maktoum for his ongoing support and join him in thanking all of our staff for helping us achieve a new annual record."

Retailing highlights over the past twelve months include Dubai Duty Free's 23rd anniversary day (December 20) when a 23 per cent discount offer saw sales soar to Dh29.5 million in the 24-hour period. Category wise, Perfumes ended the year in the No. 1 spot as sales reached Dh348 million, which represents a 28 per cent increase over 2005. Liquor came in second place and showed a 20 per cent increase while Gold was the third highest selling category with a 19 per cent increase in sales over last year. via Khaleej Times.


Blogger bizzwhizz said...

Its impressive to see how with the duty free an opportunity is siezed with Dubai being the regions transit hub

9:39 PM  

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