Sales at Dublin department store Arnotts rose 2.7% to €114.2m (£84.2m) for the year ended January 25, helped by strong performance from its footwear and jewellery departments.
Arnotts made an operating profit of €159,000 (£117,189), compared to a pre-exceptional operating loss of €1.1m (£0.81m) during the previous year, according to the Irish Independent.
The previous year benefitted from a €9.9m (£7.3m) exceptional gain relating to the winding up of a pension scheme, the newspaper reported.
Arnotts was founded in 1843 and is one of Ireland’s oldest and largest department stores. The 267,000 sq ft store, located on Henry Street in Dublin’s city centre, offers womenswear, menswear, homeware, beauty, childrenswear, jewellery and accessories. It also operates a number of cafés and restaurants.
Arnotts was acquired by Selfridges Group in November. The group is owned by Canadian entrepreneur and philanthropist Galen Weston and his Irish wife Hilary, and comprises Brown Thomas in Ireland, Holt Renfrew in Canada, Selfridges & Co in the UK, and de Bijenkorf in the Netherlands.
Selfridges Group invested €107m (£76m) into the department store over the six months prior to buying the business.