Dubai Duty Free reached a historic milestone on 9 December, when the airport retailer passed Dhs 8 billion in annual sales for the first time in its 42-year history.
This achievement is the continuation of record monthly sales this year, with 9 out of 11 months setting new records, topped by November's all-time high sales of Dhs 876.56 million (US$240.16 million).
Recognising the historic milestone in Terminal 3, Ramesh Cidambi, Managing Director, who was accompanied by the management team and staff, said, "It's a momentous occasion to cross the Dhs 8 billion mark for the first time in the company's history. From the bottom of our hearts, we want to thank all of you who are working 24 hours a day, 365 days a year on the shop-floor and in the back office - to make these transactions happen and to drive the business to this level at year end. We are up 17.6% compared to last December for the first nine days. The last few days have been fantastic, and we are up 9.8% for the year, which is Dhs 710 million more than what we achieved last year, equivalent to one full month of sales."
"Our Chairman, His Highness Sheikh Ahmed bin Saeed Al Maktoum congratulated every member of the Dubai Duty Free team for the outstanding performance in November and looks forward to a strong finish for the year." added Cidambi.
Looking ahead to the remainder of the year, the retail operation will celebrate its 42nd Anniversary on 20 December and will mark the occasion by offering a 25% discount on a wide range of products.