Pure Gold Jewellers posted an encouraging 20 percent sales increase in the first quarter this year compared to last quarter 2009 at the Abu Dhabi International Airport. The increase was based on sales at the three terminals where Abu Dhabi Duty Free operates comparing 2009 fourth quarter sales with first quarter 2010 results.
Pure Gold Group has also plans for 100 outlets this year in the UAE, Qatar, Saudi Arabia and India. The company has 75 outlets in the Gulf Co-operation Council (GCC) states and India and is planning to open 25 new stores to reach 100 by the end of 2010. Furthermore, Pure Gold is planning to open 200 stores in India in the next five years involving an investment of $200 million with a revenue target of $1bn according to Mr. Firoz Merchant, Founder and Chairman of Pure Gold Group. He also sees opportunities for expansion in China, Lebanon, Syria, Egypt and Turkey.