Harrods swings to a loss as pandemic and Brexit take heavy sales toll

Harrods-front

Harrods has swung to a loss after store closures during the pandemic and the impact of Brexit slashed sales in half.

The luxury department store business reported a loss after tax of £57.3m for the year ended January 30, 2021, compared with a profit of £203.3m the prior year. Turnover slumped 50.7% to £429.5m in the same period.

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