Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Harrods' turnover falls in tough year

Harrods’ pre-tax profit rose from £140.4m to £146.3m for the year ending 31 January, despite “tough trading conditions”, which saw group turnover drop from £794m to £769m.

Harrods menswear revamp

Harrods menswear revamp 

Harrods menswear revamp

The luxury Knightsbridge department store said gross transactional value – the total amount of money going through the tills, including from concessions – was actually up 1.2% to £1.6bn.

Operating profits were also up 2.9% to £126.5m during the period, according to accounts for Harrods Ltd made available this week.

Harrods’ owner, Qatar Investment Authority, which bought the retailer for £1.5bn in 2010 from Mohamed Al Fayed, received a dividend of £103m, down from £150m last year.

 

Readers' comments (1)

  • It shows how even the very premium end of retail are not immune to tough trading conditions. The economy is slowing down whether we like it or not.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.