31 October 2022
The Weekly
United States

Harrods was back in the black for the year ending Jan. 29, according to figures released this week on Companies House. The luxury retail department store reported a profit of GB£41.7mn after tax, compared to the GB£57.3mn loss in the prior year due to COVID-19 and Brexit. Sales surged by 35.5% to GB$581.9mn despite the store being closed for 10 weeks between January and April 2021. However, the ease of lockdown returned Harrod’s core customers and international visitors, especially from the company’s transactional revenue in the period was GB£1.56bn, up 42.6% compared to the previous period’s GB£1.09bn.