One department store retailer bucking the current trend is Harvey Nichols which has recorded an increase of nine per cent in its revenues to £210 million and a 102 per cent increase in its EBITDA. The business had focused on its upmarket offering, focused on its online performance as well as on store enhancement.
In a statement Harvey Nichols joint chief operating officers Manju Malhotra and Daniela Rinaldi, said: “We are extremely pleased to see a strong financial performance last year, and our ambitious Knightsbridge store refurbishment plans have had a positive impact.” Adding: “However, the retail environment remains challenging and competitive. With this uncertain outlook, we are focused for the remainder of the year on continuing to drive sales and delivering an omnichannel experience for our customers.”
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