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Dubai Duty Free posts 38% growth in year to dateDubai Duty Free posts 38% growth in year to date
16-Aug-2004
Passenger growth at Dubai International airport continues to boost duty-free sales
Sales at Dubai Duty Free are up 38% compared to the period January to mid-August last year as the retailer targets a year-end revenue total of $500m for 2004.
Managing director Colm McLoughlin told DFNI: "Everything is very positive, from traffic to sales trends, and we're planning ahead for our next phase of growth now too."
Dubai International airport handled 18m passengers in 2003, and expects 21m this year.
First half sales at Dubai Duty Free rose to $236m, representing a 43% increase over the same period last year. This followed a 45% increase in the first quarter.
The growth is led by fragrances, gold and electronics sales.
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(23-Sep-2003) - Dubai Duty Free sales rose 27% in August over the same month last year, and are running 19% ahead of 2002 sales to date this year
(2-Sep-2003) - UAE. Dubai Duty Free has claimed a new monthly sales record, posting revenue of Dh114.7m ($31.2m) in July?or over $1m a day.
(2-Oct-2003) - UAE. Dubai Duty Free (DDF) is adding a prominent new retail sector to its central departures shopping lounge with a new Gifts from Dubai concept, aimed at enhancing the local flavour of retail at Dubai International airport.
(19-Dec-2002) - Dubai Duty Free has announced that sales for the year to date have reached Dh1bn ($273m) two weeks ahead of forecast, and are likely to finish the year with 20% year-on-year sales growth
(15-Jul-2004) - UAE. High penetration and record average spend per passenger have contributed to first-half sales of $236m at Dubai Duty Free, up by 43% on the same period last year.