Sales and profits at luxury department store Harrods increased last year, despite the challenging conditions on the high street.
Turnover rose 2.5% to £788.9m for the year to 30 January, while gross transactional value was up 3.7% to £1.7m for the year.
The retailer said that, “despite tough trading conditions” in the UK, profit after tax jumped 16.9% to £129.7m.
Harrods said 10% of its purchases are contracted in foreign currencies and it hedges up to a year in advance.
It added that it accepts foreign currency in its Knightsbridge store and airport concessions and uses this to settle currency obligations.