Dubai: Dubai Duty Free has recorded sales of US$1.94 billion up to the end of November, and it is on course to hit its target in excess of US$2 billion for the year. The airport retailer finished the month of November with sales of US$205.67 million, making it the fifth-best month ever with previous records set during the operation’s anniversary month of December when sales are traditionally high. The 30th November set a daily sales record for the year at US$8.46 million, while 29th November was the third highest of the year with sales of US$8.24 million.
According to Emirates News Agency, Dubai Duty Free’s Managing Director, Ramesh Cidambi, expressed satisfaction with the sales performance in November. Despite tough trading conditions, such as lower sales in major fashion boutiques compared to last year and ongoing refurbishment projects in the Arrivals shops across all three terminals, the retailer was able to achieve significant sales. Cidambi highlighted the focused efforts to bridge the gap between budg
eted and actual passenger spending as a key factor in the improved sales figures.
Cidambi acknowledged the continuous effort of the entire team and expressed optimism for December, anticipating another successful month as the busy holiday season approaches. He projected that the year would conclude with outstanding results.
Perfume sales reached US$362 million, marking a 10% increase over 2023. Gold sales saw a 2% rise compared to the same period last year, with sales amounting to US$194.57 million, while electronics secured the fifth spot with sales of US$134 million.