Selfridges has reported sales of £508.5 million for the 52 weeks to 30 January 2021, a 40 per cent drop on the prior year. The business said that it had been impacted significantly by stores closures and had cut 496 jobs by October 9th, 2020 and delayed capital investment projects. Despite these measures, the company posted a pre-tax loss of £217.2 million as compared to its £34 million profit for the previous year.
As previously reported, Selfridges was sold by the Weston family to Signa and Central Group in December 2021.
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