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Dubai Duty Free

Dubai Duty free sales reach $159m

Sales at Dubai Duty Free continued its upward trend in the first quarter of 2006 as turnover reached Dh571 million ($159 million) representing a 12 per cent increase over the same period last year.

Dubai Duty Free

Colm McLoughlin, managing director of Dubai Duty Free, said: "We have had a busy first few months of the year and are pleased to see that our sales reflect that. We have undertaken a series of renovations in the past few weeks and have more planned in the coming months, all of which will improve the retail offer further."

Included in the changes has been the opening of a new Household shop, incorporating soft furnishings and home appliances. "The Household shop is a new direction and we believe there is a demand for this category," added McLoughlin.

"We have also redesigned the Precious Stones shop and built a new Gadget shop, both of which are doing well."

In the first quarter, significant sales increases were recorded in the Perfumes and Cosmetics category, which rose to Dh94 million, representing a 28 per cent increase over last year. Sales in the new Arrivals Duty Free, which is double the size of the former outlet, rose to Dh49 million, reflecting a 25 per cent increase in sales.

Looking ahead to further changes at Dubai Duty Free, in the coming months the Electronics Shop, which currently accounts for around 9 per cent of sales, will be revamped to include a new 'Sound & Vision and Games' area, a new Camcorder area and a new Music Shop.

Dubai Duty Free currently operates a total retail area of 7,000 sq m. With the opening in 2007 of Concourse Two, the retail area will increase by a further 10,000 sq m.


(Source: Trade Arabia - Business New and Information. April 19, 2006)

 

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