Harrods Limited: gross profit worldwide 2012-2023
In the financial year 2022/23, Harrods' gross profits surpassed 533 million British pounds, their best figure since the financial year ending in 2019. It was a significant increase on the previous financial year when the company made roughly 360 million British pounds profit. The high-end luxury department store is primarily located in its Knightsbridge store in London, and in 2022/23 generated all of its revenue in the UK.
Harrods will be Harrods
It is safe to say that Harrods is more than a department store. In its iconic 7-store London building, it situates itself as a landmark and a major tourist attraction, while at the same time enjoying significant sales revenue. From 2012, annual turnover figures of Harrods climbed on a steady course, reaching over one billion British pounds in the 2018/19 financial year, before dropping during the COVID-19 pandemic. In 2020/21 turnover had fallen to roughly 484 million pounds, before recovering to 832 million in the latest financial year.
Harrods goes e-commerce
Early in 2019, Harrods announced it was entering into an exclusive e-commerce partnership with Farfetch, the marketplace retailer focusing on selling luxury and high-end fashion. Harrods’ decision to team up with Farfetch is not farfetched at all: the pureplay online retailer has stormed the e-commerce scene since it was founded in 2007, exponentially increasing its annual revenue along the way.
Harrods will be Harrods
It is safe to say that Harrods is more than a department store. In its iconic 7-store London building, it situates itself as a landmark and a major tourist attraction, while at the same time enjoying significant sales revenue. From 2012, annual turnover figures of Harrods climbed on a steady course, reaching over one billion British pounds in the 2018/19 financial year, before dropping during the COVID-19 pandemic. In 2020/21 turnover had fallen to roughly 484 million pounds, before recovering to 832 million in the latest financial year.
Harrods goes e-commerce
Early in 2019, Harrods announced it was entering into an exclusive e-commerce partnership with Farfetch, the marketplace retailer focusing on selling luxury and high-end fashion. Harrods’ decision to team up with Farfetch is not farfetched at all: the pureplay online retailer has stormed the e-commerce scene since it was founded in 2007, exponentially increasing its annual revenue along the way.
