Dubai reaches new high

10-Nov-2000

?

Dubai Duty Free achieved a record Dhs72.2m ($19.6m) monthly turnover for October--equivalent  to its 1984 sales

A daily average of 16,400 transactions was recorded. Sales rises were recorded across the board with traditional best-sellers gold and fragrances increasing by 23% and 14% respectively. Other categories also improved sharply. Womenswear rose 196% and electronics 48%, the latter generating Dhs6.9m ($1.8m) in sales.

The increases follow the April opening of a 5,400sq m (58,104sq ft) shopping complex in the Sheikh Rashid terminal and the refurbishment of the arrivals duty-free. The new retail area is four times bigger than the previous duty-free space. Dubai Duty Free managing director Colm McLoughlin said: "These record sales figures are a great indication of the success of the new shopping complex. Dubai Duty Free is well on target for a record year with annual turnover predicted to be Dhs791m ($215m)."

Dubai Duty Free was  named "Airport Retailer of the Year" at the annual Frontier awards in Cannes last month.

Bookmark This Article

Delicious    Digg    StumbleUpon    Facebook

Your Comments On This Article

Name:
Email:
- Not displayed on website
Comments:
Please note:
Only alpha-numeric characters allowed for comments
Security Image:
Please enter image text in the security code field
Security Code:
 

Related Stories

Articles bearing the symbol  require subscription.

(15-Jan-2007) - The co-branded card now offers more benefits to users, including lounge privileges and the chance to win Dubai Duty Free raffle tickets
(1-Jul-2001) - It?s not every day, or even most days, that a journalist makes someone happy. Very happy. But during a recent visit to Dubai Duty Free, DFNI publisher Martin Moodie did just that, drawing the latest winner of a luxury BMW 740AL in the Finest Surprise raffle, and transforming someone?s life in the process.
(19-Jul-2003) - DFNI EXCLUSIVE by Dermot DavittINTERNATIONAL. The Nuance Group owners will consider a partial IPO (initial public offering) of its shares over the coming year if the value of the company reaches pre-September 11 levels.