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Fri 6 Jul 2012 10:26 AM

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Dubai Duty Free posts $772m sales in H1

Company says spending across all three airport terminals see double-digit rises

Dubai Duty Free posts $772m sales in H1

Dubai Duty Free has announced an 11 percent increase in sales for the first half of the year with turnover reaching AED2.818bn ($772m).

The performance puts the company on track to hit its annual sales target of AED6bn, it said in a statement.

Liquor, perfumes and gold retained the top three category positions in H1 with perfume sales increasing by 16 percent to AED420m year to date.

Sales of confectionery were up by 18 percent to AED224m while electronics rose by 13 percent to AED222m, accounting for eight percent of total revenue.

Other notable increases were seen in cosmetics, which rose by 18 percent.

Spending trends across all three airport terminals continued to increase with duty free sales in Terminal 2 increasing by 18 percent for the first half of the year.

Sales in Terminals 1 and 3 rose by 11 percent and 10 percent respectively, while overall arrival sales rose by 15 percent.

Colm McLoughlin, executive vice chairman of Dubai Duty Free, said: "We are pleased with our first half performance and are looking forward to an equally busy second half of the year.

"Plans are very much in place for the opening of Concourse 3 in early 2013 and we are busy working towards the final fit-out of the new retail area and ensuring our recruitment plans are in line with our expanded retail area which will reach 26,000 sq m with the opening of Concourse 3."

Recruitment at Dubai Duty Free continued in the second quarter of 2012 with 528 new sales assistants appointed, bringing the level of employees to 4,232, he added.

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