Harrods sales up by 9%, but no dividend for shareholders this year

SALES are up by 9% at London’s most famous luxury goods store despite the recession – yet its owner has decided to renege on any dividend.

Mohamed Al Fayed dismissed his decision not to take a dividend from Harrods as nothing more than sound shopkeeping in uncertain times.

“In the light of the economy and the market, it was just deemed sensible not to pay a dividend this year,” he said.