January 4 2019  |  Retailers

Dubai Duty Free annual sales exceed US$2 billion

By Hibah Noor


2018 provided Dubai Duty Free with major milestones, including the refurbishment of Concourse C

The New Year began on a high note for Dubai Duty Free as the operator announced annual sales for 2018 of US$2.015 billion, representing a 4.31% increase over the previous year.

In a remarkable year, the retailer crossed the US$2 billion milestone on December 29.

The operation’s 35th anniversary day on December 20, when customers were offered a 25% discount on a range of products, resulted in a huge surge with 103,626 transactions recorded on the day, amounting to sales of US$29.26 million in the 24-hour period.

Reflecting on another memorable year at Dubai Duty Free, Colm McLoughlin, Executive Vice Chairman and CEO, said: “We are pleased to announce such a positive year in 2018, which marked our 35th anniversary and the crossing of the US$2 billion mark.

“The entire team at Dubai Duty Free has worked hard to provide passengers with a first-class shopping experience at both Dubai International and Al Maktoum International and I join our Chairman, H.H. Sheikh Ahmed bin Saeed Al Maktoum, in thanking them for their efforts."

The five top-selling categories for the year included liquor, followed by perfumes, cigarettes, cosmetics and electronics. Perfume sales reached US$301.6 million and contributed 14.97% of total turnover.

Cosmetics recorded sales of US$208.88 million and electronics hit US$163.1 million, with these two categories showing an impressive increase of 21.77% and 8.82% year-on-year, respectively.

Sales of watches, which held sixth position, rose by 2.66% to US$145.63 million and accounted for 7.23% of annual sales. Gold followed with US$134.21 million, making up 6.66% of total sales, while confectionery generated US$ 130.37 million and made a 6.47% contribution.

Departures sales climbed by 6.12% to US$1.78 billion over the previous year and made up 88.35% of total turnover.

The operation recorded a total of 25,507,998 transactions for the year with 68,755,388 pieces of merchandise sold.

In addition, 2018 provided Dubai Duty Free with major milestones in terms of expansion, including the refurbishment of Concourse C, enhancements to the fashion offer in Concourse B and the opening of a shop in Queen Elizabeth 2, the first floating hotel, located in Port Rashid.

Looking ahead, Dubai Duty Free will continue to enhance its retail operation in 2019 while maintaining a busy events and promotional calendar, which includes the Dubai Duty Free Tennis Championships, commencing on February 17 to March 2, 2019 at the Dubai Duty Free Tennis Stadium.

Brand News

March 19 2019

Duty Free Dynamics boosts portfolio…

Duty Free Dynamics Corp, the distributor of lifestyle brands across the Americas travel retail channel, has extended its…

By Hibah Noor

March 19 2019

Pillitteri to produce Team Canada…

Pillitteri Estates Winery has been chosen as the official wine supplier and partner of the Canadian Olympic Team and the…

By Mary Jane Pittilla

March 19 2019

Elixir adds fresh glow to Shiseido…

Shiseido Travel Retail has expanded its travel retail portfolio with the introduction of skincare brand Elixir, Japan’s number…

By Jas Ryat

March 19 2019

The Harmonist enters travel retail…

Jeffrey Ten, CEO of fragrance specialist The Harmonist, will be present at the Summit of the Americas show, as the brand…

By Hibah Noor

March 19 2019

Calvin Klein celebrates women’s…

Calvin Klein has unveiled a new fragrance, Calvin Klein Women, drawing inspiration from the…

By Jas Ryat

March 19 2019

A new Twist on the Miu Miu girl

Miu Miu Twist is a new fragrance developed to express the joyful essence of Italian fashion house Miu Miu

By Mary Jane Pittilla

March 19 2019

Tiffany sparkles with third fragrance…

For spring 2019, Tiffany & Co has unveiled Sheer, the third addition to the US jewelry brand’s fragrance collection

By Hibah Noor

March 18 2019

L’Oréal Group travel retail sales…

L’Oréal Group exceeded €2 billion (US$2.3 billion) in sales in the travel retail market last year, with its brands continuing…

By Hibah Noor

March 18 2019

William Grant brings an air of…

William Grant & Sons returns to the Summit of the Americas having recorded healthy growth in the region in 2018 (Booth number:…

By Mary Jane Pittilla

Copyright 2019 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap