Harvey Nichols reduced its losses last year as it continues its slow recovery from the impact of the pandemic.
According to accounts filed on Companies House, pre-tax losses shrunk 29% to £21.3m in the year to 1 April 2023.
Sales for the department store chain surged 13% to £216.7m during what it termed its “first full year not impacted by Covid restrictions”.
The recent accounts, released by holding company Broad Gain (UK) this week, provided additional insights into the challenging period facing the retailer.
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Despite ongoing efforts, Harvey Nichols is still in the process of recovering from the fallout of the pandemic, which resulted in store closures.
The retailer currently operates seven department stores in the UK, as well as a standalone restaurant and four international concessions.
Last week, the business appointed Alexander McQueen EMEA president Julia Goddard as its new chief executive.
Goddard will join the department store in June, replacing vice-chairman Pearson Poon, who stepped in as chief executive on an interim basis after Manju Malhotra resigned last August.
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