Harrods news and archive

Harrods posts annual profit rise of 9 percent to 216 million pounds

High-street retailer Harrods posted a pre-tax profit of 215.9 million pounds (281 million dollars), up 9 percent and total sales increased of 6.8 percent to over 2.1 billion pounds (2.7 billion dollars) for the year to February 3, 2018, reports The Times. The company said in a statement that despite a sharp rise in its capital expenditure and...

Report

Harrods chief merchant, Helen David resigns

British departmental store Harrods has confirmed the departure of chief merchant Helen David, reports WWD. Over the last decade, David had served into various roles within the company. The report quoted a statement from Harrods, stating: “After 10 successful years, Helen David is stepping down from her role as chief merchant to pursue new...

Business

Harrods the best fashion company to work in the UK, according to employees

Recruiting site Glassdoor has revealed the winners of its 2018 Best Places to Work -- Employees’ Choice Award, which is based on anonymous feedback shared by job applicants and employees. After tracking all the input received on its platform in 2017, Glassdoor ranked companies from all sectors according to three categories: best places to work,...

Fashion |INTERVIEW Featured

Rails founder Jeff Abrams talks London store plans and US openings

Rails, the Los Angeles-based contemporary fashion brand known for its super-soft shirts, is a brand on the rise. What started off with founder Jeff Abrams pitching a hat to retailers across America has become a global lifestyle brand not only for women, but men and children, and now the brand, which currently has more than 1,500 retailers...

Report

Harrods prepares for 200 million pound renovation

London - Luxury department store Harrods is set to undergo its largest renovation in its 180-year history, as part of its wider three-year investment plan. The revamp project will see the department store further invest in its e-commerce and "entirely" redevelop the iconic building's shop floor in a bid to appeal to more Asian customers. No...

Report

Harrods’ CFO John Edgar departs

Harrods’ chief financial officer John Edgar has left the business after serving the company for five years, reports Drapers. The development comes after Harrods posted an eighth consecutive year of profits and sales growth for the year to January 2017. Edgar joined Harrods from Selfridges in September 2012. At Selfridges, he served as group...

Report

Harrods crosses 2 billion pounds in annual sales

Harrods, the Qatar Holding-owned luxury department store has posted an eighth consecutive year of profits and sales growth, reports Fashion Network. It added that for the year to January 2017, Harrods crossed 2 billion pounds (2.6 billion dollars) in sales for the first time, while its pre-tax profit increased to 232.2 million pounds (307...

RetailFeatured

How are department stores tackling the retail industry?

As retailers attempt to keep up with the changing industry, some brands seek to open more stand-alone stores, while others shutter in favour of online sales. Department stores have a particularly hard job remaining relevant, multiple alternatives for shoppers including sales direct from brands and online discounts leaves the store itself, the...

Fashion

Poll - What is your favourite Christmas Window of 2016?

London - You know the holiday season is just around the corner when retailers start putting up their Christmas windows. With each department store trying to out do the next, the art of window dressing is truly elevated to retail theatre during the festive season. From Santa's grottos and The Nutcracker to dream-like garden scenarios, fairy tales...

Fashion Featured

Top Ten Christmas Windows of 2016

London - The spectacle that is Christmas is much more than just shopping for gifts it turns the high street into a retail theatre with big name department stores pulling out all the stops to create the most festive holiday windows. With only 17 shopping days left until Christmas, these creative displays are important in reinforcing the brand's...

Management |ANALYSIS

“Tough conditions” don’t stop Harrods from increasing sales and profits

According to the last filed records with The Companies House, sales at Harrods grew by 3.7 percent last year to 1.7 million pounds, boosted by strong sales in its jewellery department, and despite “tough conditions”. Pre-tax profits at the iconic London luxury department store increased by 16.9 percent to 129.7 million pounds. On the downside,...

Management

Harrods reports 16.9 percent jump in annual profit

As per the accounts filed by Harrods, owned by Qatar Holding, the company’s profit increased 16.9 percent to 129.7 million pounds (161 million dollars) for the fiscal year 2016, against 110.9 million pounds (138 million dollars) reported last year, says a CityAM report. The company said, its turnover for the period ending January 30, 2016...