Dubai Duty Free announced first quarter sales of Dhs1.75bn ($479.5m) representing a 10% increase over the same period last year and signaling a positive year ahead for the airport retailer.
Sales across all three Terminals showed an upward trend, including an impressive 23% increase in Terminal 2 and an 11% increase in sales in Terminal 3.
Perfume, Liquor and Gold held on to the top three spots category-wise in the first quarter of the year. Perfume sales reached Dhs286.4m ($78.5m), representing a 16% increase in sales over the first quarter in 2013.
Other categories showing robust growth include Cosmetics, up by 30% to reach Dhs141.3m ($38.7m), Handbags and Small leather rose by 62% to Dhs25m ($6.9m), while Gifts From Dubai rose by 9% to Dhs33m ($9m), giving a good indication in the increase in tourists visiting Dubai in the first quarter.
Commenting on the sales so far this year, Colm McLoughlin, Executive Vice Chairman of Dubai Duty Free said: “We have had a very good start to the year and are very much on track for our sales forecast of Dhs7bn ($1.92bn). Terminal 3 continues to be the biggest in terms of accumulative sales and accounts for 62% of our total turnover.
“The expansion and upgrade of Terminal 2 (T2) late last year has provided us with an opportunity to extend our product range and boost sales in T2, which accounts for 8.3% of our total revenue and is growing. The last phase of that development will be opening of a new Arrivals shop in T2 which will help grow sales further.”
Looking ahead, Dubai Duty Free will continue to enhance its retail operation in 2014 while continuing to plan for the opening of Concourse D next year. In the meantime the operation is continuing with its busy events and promotional calendar, which includes the Dubai Duty Free Stakes taking place at the Newbury Racecourse in the UK on 11 and 12 April.
For further details, please contact:
Sinead El Sibai
Dubai Duty Free
PO Box 831, Dubai, UAE
Saturday, April 5- 2014 @ 14:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.