Selfridges Retail Limited has revealed a marked improvement in its financials, indicating a narrowing of losses and a surge in sales, according to the company’s latest filings for the year ending January.
The retail giant, which operates four stores in the UK along with an online platform, reported a substantial 29 per cent increase in revenue, amounting to £ 843.7 million in the 12 months to 28th January.
This improved growth is attributed to a robust increase in foot traffic across its physical locations, notably at its flagship store on Oxford Street in London and its Exchange Square outlet in Manchester. Notably, the company’s net loss for the year significantly decreased to £ 38.3 million from the previous year’s £ 83.9 million. Furthermore, it shifted from an operating loss of £ 38.1 million to a profit of £ 38.9 million, marking a substantial positive turn.
These encouraging financial results are particularly significant considering the challenges faced by Selfridges in recent years, including multiple lockdowns and the disruption caused by the pandemic’s travel restrictions. The company heavily relies on affluent tourists who visit its physical stores, making the resurgence in footfall a vital lifeline.
In a significant move, Selfridges was acquired in August 2022 by a consortium led by Thailand’s Central Group and Austrian-based property company Signa Group. The deal, valued at £ 4 billion, encompassed Selfridges’ European retail operations in the UK, Ireland, and the Netherlands, including the indirect parent company, SHEL Holdings Europe Limited.
Bharat Tex Special Report 2026 
