THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Selfridges posts uplift in full year sales

Selfridges has posted a 28% increase in full year sales after it benefited from a return to normal shopping patterns following the easing of pandemic restrictions…. View Article

DEPARTMENT STORES

Selfridges posts uplift in full year sales

Selfridges has posted a 28% increase in full year sales after it benefited from a return to normal shopping patterns following the easing of pandemic restrictions.

In the year to 29 January 2022, sales rose to £653.4 million from £508.5 million in the prior 12-month period. The department store also saw its operating loss reduce to £38.1 million from £136.9 million a year earlier.

Selfridges said store closures at the beginning of 2021 had impacted its profitability. However, a subsequent increase in international tourists and the return of normal shopping patterns led to an improvement.

The company said in its financial statement: “Despite the challenges, Selfridges is set up for a long and sustainable future.”

Selfridges currently operates UK stores in London, Manchester and Birmingham.

Previously owned by the Weston family, Selfridges was acquired last year by Central, a family-owned Thai retail group, and the Austrian Signa real estate company.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News