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 2023 the net worth of Harrods Limited amounted to almost 2.4 billion British pounds, although turnover was lower than previous years in the financial year ending in February 2022.
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 32.16 billion British pounds in 2022, a decrease compared to preceding years. 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.
Net worth of Harrods Limited in the United Kingdom (UK) from 2011 to 2023
(in million GBP)
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Company Check. (September 7, 2023). Net worth of Harrods Limited in the United Kingdom (UK) from 2011 to 2023 (in million GBP) [Graph]. In Statista. Retrieved September 19, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/589711/harrods-limited-net-worth/
Company Check. "Net worth of Harrods Limited in the United Kingdom (UK) from 2011 to 2023 (in million GBP)." Chart. September 7, 2023. Statista. Accessed September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/589711/harrods-limited-net-worth/
Company Check. (2023). Net worth of Harrods Limited in the United Kingdom (UK) from 2011 to 2023 (in million GBP). Statista. Statista Inc.. Accessed: September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/589711/harrods-limited-net-worth/
Company Check. "Net worth of Harrods Limited in The United Kingdom (Uk) from 2011 to 2023 (in Million Gbp)." Statista, Statista Inc., 7 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/589711/harrods-limited-net-worth/
Company Check, Net worth of Harrods Limited in the United Kingdom (UK) from 2011 to 2023 (in million GBP) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/589711/harrods-limited-net-worth/ (last visited September 19, 2024)
Net worth of Harrods Limited in the United Kingdom (UK) from 2011 to 2023 (in million GBP) [Graph], Company Check, September 7, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/589711/harrods-limited-net-worth/