Dubai Duty Free's anniversary sales net $21m

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dubai Duty Free has announced that its 29th anniversary sales drive on Thursday netted a total of $21m in revenues for the day.

While company bosses said they were "very happy" with the total, it was $3m down on last year's anniversary when $24m was taken in 131,000 transactions.

Colm McLoughlin, executive vice chairman of Dubai Duty Free said: "We are very happy to have achieved $21m in a 24-hour period.

"We began introducing a discount offer across a wide range of merchandise on our 20th Anniversary in 2003 and it has become a popular day with travellers."

Perfumes was the highest selling category with over 58,000 bottles sold amounting to $5.6m while watches and clocks came in second place with sales of $4.9m.

Cosmetics came in at third place with sales of $1.9m, the retailer said in a statement.

Other notable increases were seen in electronics, which rose by 23 percent to $1.2m, while in confectionery, which rose by 37 percent, saw 134,000 units sold.

In readiness for the opening of Concourse A in January, Dubai Duty Free said it has recruited more than 1,000 new staff so far this year and will end the year with around 5,200 employees in total

Dubai Duty Free said last month it is looking to achieve double digit sales growth for the year after sales up to the end of October reached AED4.71bn ($1.29bn).

This represented an 11 percent increase over the same period last year, putting the operation on track for year-end sales of an estimated AED6bn.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
How the UAE is sewing together a top industry

How the UAE is sewing together a top industry

In the shadows of oil and aviation, the UAE’s textiles industry...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Dubai's nightlife bubble: When is it going to burst?

Dubai's nightlife bubble: When is it going to burst?

A new breed of clubs and bars is sprouting in the city, but which...

12
Most Discussed
  • 20
    Why Dubai should consider removing the rent cap

    Not even one comment supporting the author. I wonder if he is trying to create a bubble. more

    Monday, 24 November 2014 2:25 PM - Anil
  • 14
    Life sentence for London hammer attacker

    The death sentence is a free pass. The purpose of punishment has always been to provide a lesson for misbehaving. No one learns a lesson by dying. Life... more

    Friday, 21 November 2014 2:02 PM - LordLands
  • 5
    Is this the end of F1?

    Compare this to WEC and you see a stark difference. The 'formula' for WEC is much more wider and more accomodating. They have been runnning hybrids for... more

    Monday, 24 November 2014 2:30 PM - Vincent