Retail gazette logo Thursday, 27 October 2016
Today: 9733 articles, 76 jobs
Selfridges reports 10th consecutive year of record sales
Selfridges have reported a 1.9 per cent drop in operating profits in its full year results, as investment takes its toll on margins. The department store revealed that its profits dropped to £1.52 million in the 12 months to January 31. However, the retailer reported a record rise in gross sales up five per cent to £1.4 billion. It has attributed the fall in profits to its £300 million investment into its London flagship and online stores, stating that the project is already two years in progress and h... read more...
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