Dubai Duty Free achieves all-time report gross sales

Dubai Duty Free (DDF) achieved an all-time gross sales report of greater than AED 7.88 billion ($2.16 billion) for 2023.

It marks a 24.39 per cent enhance over the earlier yr and 6.4 per cent up on pre-pandemic in 2019.

December completed with report month-to-month gross sales of AED 807.6 million ($221 million), an 8.37 per cent enhance in comparison with 2022.

Sales in December had been additional fuelled by DDF’s Fortieth-anniversary celebrations that includes a 25 per cent low cost on December 20, which resulted in a buying spree of AED 54.1 million for twenty-four hours.

Reflecting on the yr, Colm McLoughlin, Executive Vice Chairman & CEO, mentioned: “It has been a fantastic year and I would like to thank our Chairman H.H. Sheikh Ahmed bin Saeed Al Maktoum for his unwavering support. Thanks also to our great team of staff, our suppliers, the media and, of course, our customers, for their contribution to our continued growth and success over four decades.”

DDF recorded over 20 million gross sales transactions all year long, or a median of 55,000 gross sales transactions per day, whereas a staggering 55.2 million models of merchandise had been offered.

The high 5 promoting classes for the yr had been perfumes (AED 1.366 billion), adopted by liquor (AED 1.130 billion), gold (AED 773.506 million), cigarettes & tobacco (AED 745.694 million) and electronics (AED 628 million).

Online gross sales accounted for two per cent of the general tally for 2023 and reached AED 164 million.

Sales in departure areas throughout the operation reached AED 7.062 billion, accounting for 90 per cent of complete annual gross sales, whereas arrivals gross sales totalled AED 612 million, representing 8 per cent of the whole.

In phrases of high supply markets for Dubai Duty Free gross sales, India is primary (AED 973 million), adopted by Russia (AED 759 million), China (AED 564 million), Saudi Arabia (AED 512 million), and the UK (AED 373 million).

Meanwhile, in keeping with the expansion of operations, the rehiring and recruitment of workers continued, with DDF’s complete worker depend now standing at 5,500.

Looking forward, Dubai Duty Free will proceed to boost its retail operation, which incorporates main refurbishment plans in Concourse B to be accomplished in early 2024.

It’s additionally engaged on the scheduled renovations of three retailers within the arrivals part within the first quarter of 2024, with building to proceed till the second to 3rd quarter of the yr.

Concourse A (2 perfumes and cosmetics retailers and trend space) may even be refurbished beginning within the second quarter of 2024 and will probably be completed in early to mid-2025 with three new boutiques of main trend manufacturers.

In addition, DDF will proceed to take care of its busy occasions and promotional calendar, which incorporates the Dubai Duty Free Tennis Championships from February 18 to March 2.