THE WHAT? Dubai Duty Free has announced an all-time sales record of DHS7.885 billion for 2023, up 24.39 percent over the previous year. Compared to pre-pandemic results in 2019, sales rose 6.4 percent.
THE DETAILS Perfume was the top-selling category, accounting for 17 percent of sales, the travel retailer said. Online sales comprised 2 percent of the total. The operation recorded more than 20 million transactions throughout the year, an average of 55,000 per day.
THE WHY? Colm McLoughlin, Executive Vice Chairman and CEO, commented, “We are thrilled to have achieved our target sales for the year, a record month in December and a record year in 2023, which culminated with our celebrations of our milestone 40th Anniversary. Overall, 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.”