Harrods has reported record sales for the year to January 2017. In addition to posting sales of more than £2bn the retailer has also recorded an increase of 38.8 per cent in its pre-tax profit. It had benefited from sales to tourists who have been attracted by the exchange rate which has worked in their favour.
“Every year seems to be a record year for us at the moment and long may it last,” John Edgar, Harrods CFO commented. “More than anything we are proud to have achieved more than £2 billion of turnover which is an amazing 23 per cent growth year-on-year and is quite a milestone”.
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