Selfidges announces Highest Profits in Company History

Posted on 7 November, 2014 by Jodee Redmond

Selfidges has announced that its sales for the last financial year increased by 10.4 per cent and its operating profit attained the highest level in its 105-year history.

Selfridges-announces-Highest-Profits-in-Company-History

The Group stated that sales were more than £1.2bn for 2013 and that operating profit increased by 12.3 percent to £150m. All its retail channels reported year on year growth.

The business growth was due in part to the continuing international attention it received following the 2012 Olympic Games. The online part of the business continues its rapid growth, offering international delivery to over 60 countries, including China.

Paul Kelly, the managing director of Selfridges Group, stated that the business’strong performance had been driven by a combination of “continuous innovation and investment.”

The Group invested a total of £50m, including £3m in menswear at Selfridges Exchange Square in Manchester.

In addition Selfidges has launched a £300m investment programme in its flagship Oxford Street store, which was opened by Harry Gordon Selfridge in 1909.

The focus has been on providing customers with an “extraordinary experience,”whether they are shopping in store or online.

The upcoming Christmas season is a critical trading period for Selfridges, and they have an excellent product line to offer consumers and what the Group describes as an “exciting campaign” to ensure that their stores are the place customers will want to shop this year.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants