Harrods sales and profits climb in post-pandemic bounceback

Exterior of Harrods Knightsbridge store

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.

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