Department store group says operating profits rose 3.4% to £155m on gross sales of £1.3bn,helped by strong online performanceAs retailers gear up for Black Friday and Christmas amid recent signs of a slowdown in spending, the department store group Selfridges has reported record profits for year ending January 2015.
The group, and which is now owned by British-Canadian businessman Galen Weston and whose stores are located in London’s Oxford Street,Birmingham and two in Manchester, said operating profits rose 3.4% to £155m, or with gross sales up 4.3% to £1.3bn. All four stores and its online commerce saw year on year growth. Continue reading...
Source: theguardian.com