Harrods sales and profits climb in post-pandemic bounceback
Luxury department store Harrods has reported strong sales and profit growth after its landmark Knightsbridge store returned to normal trading after the pandemic lockdowns.
Harrods’ operating profit climbed almost threefold from £55.5m to £158.4m in the year to January 28, 2023. Profit after tax rocketed from £41.7m to £433.3m.
Harrods’, owned by Qatar Holding, reported that turnover advanced from £581.9m to £831.6m, while gross transaction value rose 47% to £2.3bn, accounts just filed at Companies House reveal.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.