Airport retailer posts 5.6% increase in sales over previous year
Dubai Duty Free on Wednesday announced record-breaking sales for 2017 of $1.93 billion, representing a 5.6 percent increase over the previous year.
The 2017 sales included a new monthly record in December of over $219 million which included the retailer's 34th anniversary offer of a 25 percent discount over three days.
Colm McLoughlin, executive vice chairman and CEO said: “We are pleased to announce such a positive year with 2017 marking our 34th year of business.”
In 2017, the operation recorded 27.2 million sales transactions which averaged at 75,000 sales transactions per day, while a total of 73 million units of merchandise were sold.
From a category point of view, perfumes retained its position as the best-selling category with annual sales of $300 million.
Liquor and tobacco followed, recording $298 million and $189 million respectively.
Cosmetics jumped to fourth place with sales increasing by 17 percent to $172 million for the year while other steep increases were seen in electronics - up 16 percent to $150 million - and watches which rose by 13 percent to $142 million.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.