over 33% growth in h1 for abu dhabi duty free
Turnover predicted to cross US$100m by year’s end
Abu Dhabi Duty Free (ADDF), the region’s number one travel retailer by customer spend and second by turnover, today announced its sales results for H1 2007 with turnover recorded at 33.26 percent over the same period last year.
Underlining ADDF’s position as the region’s leading duty free operation by average spend, departing passengers increased their expenditure by 10.5 percent with an impressive US$51 per passenger recorded over the same period.
“The first half of 2007 has been an exciting time for all of us at Abu Dhabi Duty Free and we are delighted that the first-half results reflect the steady and extremely strong start we have been realizing right from the beginning of the year,” said Niveen Ibrahim, General Manager, Abu Dhabi Duty Free.
The airport retail categories key to ADDF’s impressive growth have been in Electronics which saw a 51 percent jump on 2006 figures, Beauty and Fragrance was up 44.3 percent, Gold up at 44 percent, Leather Goods up 87.7 percent, Cigars 57.8 percent and Luxury Goods by 34.3 percent.
“With the two great new concepts coming on stream in the form of DOMO – the first dedicated “His’n’Her” boutique store in the region’s travel retail sector – and the upcoming ‘48-hour Arrivals Shop’ where arrivals passengers can return and collect their duty free allowance up to two days after their arrival, we can also say we expect to cross the US$100 million [AED 370m] mark in terms of turnover by the end of the year,” added Ibrahim.
