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Dubai Duty Free Q1 sales surge 17pc
DUBAI First quarter sales for Dubai Duty Free reached Dh294 million, representing a 17per cent increase over the same period last year and setting yet another milestone for the retail operation.
Colm McLoughlin, managing director of Dubai Duty Free, said the growth was due to strong sales for the first two months of the year. "In fact January was a record month, and this has helped boost first quarter figures. Given the difficult circumstances, which have led to a reduction in global travel, we are pleased to see that our sales figures are quite resilient."
McLoughlin Dubai Duty Free is continuing with its shopfloor refurbishment plans which include the recent opening of the new Sunglass Shop and the redesign of the Gold Shop.
First quarter figures show an increase of 29 per cent in the electronics category, while gold sales rose by 13 per cent and perfumes by 20 per cent. In the first three months, a major increase in duty free sales was also recorded in Terminal 2, which primarily caters to charter traffic and Eastern European flights.
"In the first quarter, Terminal 2 sales have increased by 40 per cent which is very encouraging. This is due in part to a reassessment of our product lines in Terminal 2 and an increase in the number of passengers using the Terminal," added McLoughlin.
Record breaking sales were a continual theme for Dubai Duty Free in 2002 with the year end sales topping Dh1.1 billion, a 23 per cent increase over the previous year.
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