By Sam Bridge
Airport retailer says it saw an average of 66,500 transactions per day during 2019
Dubai Duty Free on Thursday announced that it achieved record sales of AED7.4 billion ($2.02 billion) for 2019.
The airport retailer, which crossed the $2 billion milestone on December 26, recorded 24.284 million sales transactions, an average of 66,500 per day, while a total of over 64.578 million units of merchandise were sold.
Colm McLoughlin, executive vice chairman and CEO said: “Overall, it has been a fantastic year for the operation.”
The top five selling categories for the year included perfumes followed by liquor, cosmetics, tobacco and electronics.
Sales of perfumes, which rose by 2 percent over 2018, reached AED1.1 billion and accounted for 15 percent of the total annual sales, closely followed by liquor.
Cosmetics, the third best selling category with AED848.7 million in sales and contributing 11 percent towards the total revenue, showed an increase of 11 percent over 2018.
Tobacco came in fourth place with sales amounting to AED817.2 million and accounted for 11 percent of total revenue followed by electronics (AED558.1 million).
Sales in Departures across the operation reached AED6.6 billion while Arrivals with AED664.2 million represented 9 percent of total annual sales.
McLoughlin added: “We have continued to develop our retail offer in all the terminals... We are also looking forward to the opening of the new 1,100 sq m retail space in Terminal 3 Arrivals this month."
He also announced plans to continue to develop the leisure business, with a fourth Irish Village opening at Expo 2020 Dubai in October.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.