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


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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

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

During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.