RISING AVERAGE IS GOOD NEWS

Half year sales at Dubai Duty Free have reached US$283 million, representing a 19 per cent increase over the previous year and placing the operation on track for another record year. Currently ranked No. 3 in the world in terms of turnover, ...

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Published: Wed 13 Jul 2005, 12:47 PM

Last updated: Thu 2 Apr 2015, 6:18 PM

the operation has also seen an increase in the number of daily sales transactions, which now average 34,000 per day while the average value of each transaction has risen to US$44.

Commenting on sales at the half way mark of the year, Colm McLoughlin, managing director of Dubai Duty Free said: "This has been a great year so far. We have consistently seen sales in the top categories continue to grow while there have been dramatic increases in certain categories as a result of major renovations in the past year".

The construction of a new "Gifts from Dubai" Shop in the central aisle of Shaikh Rashid Terminal has seen category sales rise by 95 per cent in the first six months of this year. Similarly, a 77 per cent increase in men's fashion is a direct result of the new Fashion Area opened in December last year and featuring six leading brands: Hermes, Givenchy, Lanvin, Hugo Boss, Polo Ralph Lauren and Paul Smith.

Looking ahead to the remainder of this year, the opening of a new and enlarged Arrivals Duty Free in July is likely to propel arrivals sales even further. Currently accounting for 9 per cent of total sales, Arrivals sales witnessed a 17 per cent increase over 2004. The new arrivals shop will cover an area of 670 square metres and will allow for a wider range of products in the retail area.

Other renovation plans for the next six months include a new 'Pens & Lighters' shop, a new Pharmacy, an extended Perfumes Shop and a refurbished Electronics and Camera Shop.



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