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24 April 2024

Dubai Duty Free’s 9-month sales up 12%

Published
By Staff

Dubai Duty Free (DDF) on Thursday said sales reached Dh4.65 billion ($1.27 billion) in the first nine months of this year, an increase of 12 per cent over the same period last year, putting it on track for year-end sales of Dhs6.6 billion ($1.8 billion).

Strong growth was recorded across the Terminals, with sales in Terminal 3 rising by 17 per cent year- to- date to Dhs2.94 billion ($805 million) and accounting for 63 per cent of total DDF turnover.

Meanwhile Terminal 2, which accounts for 7.6 per cent of turnover, saw sales rise by 22 per cent to Dhs352 million ($96.5 million) year to date. Terminal 1, which accounts for 28 per cent of total turnover recorded nine month sales of Dhs1.3 billion ($358.5 million).

Arrivals sales across all three Terminals rose by 14 per cent to reach Dhs457 million ($125 million) with Arrivals now accounting for 10 per cent of DDF sales.

Commenting on the nine month sales figures, Colm McLoughlin, Executive Vice Chairman of Dubai Duty Free, said: “We are having a terrific year in terms of sales and we are looking forward to ending this 30th anniversary year on a high note. Concourse A, which opened in January 2013, has been a great and much needed addition to Terminal 3 and the expansion programme in Terminal 2 is coming to a conclusion shortly. We will embark on a renovation programme in Terminal 1 early next year and of course we are opening a 2,500 square metre retail space at Al Maktoum International Airport later this month, so things are keeping us busy. ”

Category wise, perfumes, liquor and gold retained the top three positions with perfumes in particular showing strong growth with a sales increase of 17 per cent to  Dh738 million ($202 million) for the first nine months of the year, while Gold sales rose by 9 per cent to reach Dh454 million ($124 million).

Other high sellers included the watches and clocks category which rose by 17 per cent, Cosmetics, up by 17 per cent and Delicatessen increased by 13 per cent.