In a year when many retailers have battened down the hatches, upmarket department store Selfridges, led by chief executive Paul Kelly, has been a beacon of self-confidence.
This year the retailer revamped its formal menswear offer at its London Oxford Street store, introducing exclusive premium collections from Ermenegildo Zegna and Ralph Lauren Purple.
For the year to last January, Selfridges’ profits jumped 30% to £84.1 million, with sales up 10% to £655m. The retailer was one of the few doing well enough this summer to curtail its Sale by two weeks.
Plans to expand the footwear and beauty offer at Manchester’s Trafford Centre and a Chanel shop-in-shop in the city’s Exchange Square store are also underway.