Nils-Gerrit Wunsch
Research expert covering food & agriculture in the UK & Europe
Get in touch with us nowNet worth of Harrods Limited in the United Kingdom (UK) 2011-2020
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 2020 the net worth of Harrods Limited reached almost 2.2 billion British pounds, driven by an increased turnover recorded by the company in the financial year ending in February 2020.
Department stores in the U.K.
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.
Department stores in the U.K.
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.
