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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.

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