Dubai Duty Free has created a new retail benchmark with the award-winning operation posting record monthly sales figures for October of Dhs102.6 million ($28.5 million) and announcing a new daily sales record set on November 1 at Dh4.36 million ($1.2 million).
The new monthly record surpasses that set in March of this year (Dhs90.7 million or $25 million) and represents a 59 per cent increase in sales over October 2001.
This year is proving to be an exceptional year for Dubai Duty Free, with the operation well on track to achieve its Dh1 billion ($280 million) annual sales target. Year-to-date figures have reached Dh876 million ($240), representing a 19 per cent increase in sales over the same period last year.
Commenting on the statistics, Colin McLoughlin, managing director of Dubai Duty Free said: "In October, the shopfloor sales surpassed those for the entire first year of operations (1984) when the annual turnover was Dh72.8 million ($20 million). The highest selling categories included perfumes and electronics. All the categories are growing well and in many cases exceeding their targets. With the Dubai Duty Free Golf World Cup, 2002 coming up it is destined to be another memorable year for the Duty Free.''
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.