Selfridges reports record profits for the year ending Jan. 2015
Selfridges reports its operating profits to January 2015 rose 3.4% to £155m, with gross sales up 4.3% to £1.3bn. All Selfridges retail channels saw year-on-year growth.
In May, Selfridges announced the £300 million refurbishment of its Oxford Street flagship, which is expected to take three years to complete. It also opened the Denim Studio, the largest denim space in the world, and launched a men’s personal shopping service.
Selfridges managing director Anne Pitcher added: “Throughout 2013 and 2014, we have focused on providing an extraordinary experience for our customers in stores, and online. Christmas 2014 is of course our crucial trading period and we have a fantastic product offer and an exciting campaign to ensure Selfridges will be the destination for Christmas.”