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Harrods increases turnover by 11%

Harrods reported “another record year” which saw group turnover grow 11% to £794m for the full year to February 1, 2014, compared with £716.3m in the previous year.

Operating profit was up 13% to £122.9m, from £108.8m in 2013, according to documents filed with Companies House.

Post-tax profit was £107.7m, down from the exceptional £632m generated last year by the sale of trademarks worth £541m.

The department store made capital investments of £58.9m during the period, compared with £52.1m in the same period last year, focused mainly on luxury boutiques in the Knightsbridge store, but also at airports. The group said it expects to continue this level of investment in 2014.

Readers' comments (1)

  • It is great to see such an iconic international retailer growing - surely this is leading the path for the rest of retail!

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