Dubai Duty Free reaches 16 percent sales growth

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20-Nov-2011

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Dubai Duty Free has posted sales growth of 16 percent as of the end of October. Sales, which reached Dh4.238 billion, are on track for the year-end target of Dh5.3 billion. According to Colm McLoughlin, Executive Vice-Chairman of Dubai Duty Free, 2011 is shaping up to be a record year and we have seen significant increases across the top categories and in the sale of premium goods such as luxury watches and fashion items. Sales of gold at Duty Free outlets saw a significant increase of 23 percent in the last ten months to Dh484 million. Other categories that have seen an increase include electronics, which rose by 19 per cent to Dh331 million, confectionery, which increased by 10 per cent with sales of Dh319 million, watch sales, which were boosted by 27 per cent to Dh280 million and cosmetics, which rose by 22 per cent.

 

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