By Hugh Radojev2019-11-29T00:01:00
Fortnum & Mason has reported soaring profits and sales for the year off the back of what it described as strong multichannel performance.
The luxury food retailer said its pre-tax profit jumped 26% to £12.1m for the 52 weeks to July 14, 2019.
Sales also increased 12% to £138m, representing the seventh successive year that Fortnum & Mason have enjoyed double-digit sales growth.
The luxury retailer, which operates an iconic store in London’s Piccadilly as well as a number of smaller sites including at St Pancras International and the Royal Exchange, hailed “strong multichannel performance and progressive retail expansion programme”.
Please sign in now if you have a subscription or are already registered with us.
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:
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.