Liberty records uptick in sales, profit & footfall despite tough market

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Liberty

Liberty has joined fellow luxury department stores Selfridges and Harrods in posting positive results in its last financial year in the face of a tough retail market.

The West End department store raked in total sales of £74.5 million in the year to January 28 – an uptick of five per cent.

Meanwhile, gross profit was up five per cent for the year to £38.9 million, and operating profit was up by two per cent to £6.4 million.

Liberty added that footfall increased 1.7 per cent year-on-year compared to the 2.3 per cent drop recorded in the West End generally.

A new ecommerce platform was also launched mid way through the to “enhance user experience” and increase international exposure.

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