Net worth of Harrods Limited in the United Kingdom (UK) 2011-2022

Harrods is hailed as the most famous department store in the world. Located in West London, its iconic seven-floor estate in Knightsbridge speaks for itself and welcomes millions of visitors every year from world over. As the present graph lays out, in 2021 the net worth of Harrods Limited amounted to just over 2 billion British pounds, although turnover did fall siginificantly in the financial year ending in February 2021.

Department stores in the UK

The retail sales volumes in non-specialized stores (i.e. department stores) in the United Kingdom has taken a slight hit during the pandemic. Sales volumes of department stores were estimated to be worth approximately 33.7 billion British pounds in 2020, a decrease compared to pre-pandemic levels. Apart from Harrods, John Lewis as well as Marks and Spencer are amongst U.K.'s leading department stores.

Visiting luxury Stores during the Pandemic

The frequency of customer visits to luxury stores changed in 2020, due to restrictions. All generations claimed to visit luxury retail stores less during the pandemic. In comparison to Gen Z and Millennials, Boomers were even more cautious with the number of visits. About 69 percent of Boomers visited less often, while 56 percent of members of younger generations visited less often.