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Dubai Duty Free sales soar to USD712 million in 2006 |
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1/3/2007 9:19:19 AM |
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 Dubai Duty Free celebrated the New Year by announcing record year-end sales that signal a new retailing milestone for the operation. Sales for 2006 reached US$712 million, representing a remarkable 20% increase over the previous year.
Commenting on the year-end figures, H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Department of Civil Aviation, Dubai said: 'It has been another highly successful year for Dubai Duty Free and the turnover reflects the operation's determination to retain its position as one of the top three duty free operations in the world. I congratulate the team at Dubai Duty Free on its record-breaking achievements.'
While sales throughout the year showed a consistent increase, the last quarter saw sales rise significantly. December was a fitting end to the year as sales for the month reached US$80 million, which is an impressive 33% higher than the former record month set in December 2005.
Commenting on the highlights of the past twelve months, Colm McLoughlin, Managing Director of Dubai Duty Free said: '2006 has been a fantastic year for the operation, which on average handled over 44,000 sales transactions per day or 16 million transactions in the year. These figures are an indication of the hard work undertaken by our team here at Dubai Duty Free. I would like to take this opportunity to thank H.H. Sheikh Ahmed bin Saeed Al Maktoum for his ongoing support and join H.H. in thanking all of our staff for helping us achieve a new annual record.'
Memorable retailing highlights over the past twelve months include Dubai Duty Free's 23rd Anniversary day (December 20th) when a 23% discount offer saw sales soar to an unprecedented US$8.2 million in the 24 hour period.
Category wise, Perfumes ended the year in the No. 1 spot as sales reached US$96 million, which represents a 28% increase over 2005. Liquor came in second place and showed a 20% increase while Gold was the third highest selling category with a 19% increase in sales over last year.
Notable increases were also seen in the sale of Cosmetics, which rose by 40% while the Gifts from Dubai shop, which is extremely popular with tourists, showed a 32% increase in sales. In quantity terms, Dubai Duty Free sold close to 53 million units of merchandise over the past year which involved the movement of around 228 pallets of goods per day.
In 2006, Dubai Duty Free continued to receive international recognition and won the industry's Raven Fox Award for 'Middle East Travel Retailer of the Year' in addition to winning the Business Traveller Middle East award for 'Best Airport for Duty Free Shopping'. Also in 2006, Dubai Duty Free retained its status as a 'Superbrand' while on the sporting front the Dubai Duty Free Men's Open won the ATP Tour Awards for 'Tournament of the Year' and 'Best ATP Tournament - Operations'.
Also in 2006, Dubai Duty Free's Managing Director was recognized for his personal contribution to the duty free industry and was selected by the International Who's Who Historical Society to be listed in the 2006 edition of 'International Who's Who of Professionals'. In addition, Mr. McLoughlin was inducted as 'Keeper of the Quaich' by the Scotch Whisky Society at a traditional ceremony held in the Highlands of Scotland.
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