Selfridges celebrate record-breaking financial year

Selfridges has announced another strong financial year in the period ending January 2015.

The year delivered gross sales of €1.8 billion (+4.3%) and a record €217m in operating profit, €7m (+3.4 %) up on the previous year. All retail channels (four stores and online) delivered year on year growth.

Selfridges' performance was underpinned by an enhanced multi-channel offering which now trades in eight currencies and delivers to more than 130 countries worldwide.

During 2015, Selfridges commenced its major €421 million investment of its flagship Oxford Street store.

The redevelopment will roll out over the next three years with the first new destination due to open in Spring 2016.

Commenting on business performance, Paul Kelly, Managing Director Selfridges Group said "Selfridges has delivered another record result in 2014/15. We have achieved this by offering our customers a comprehensive fashion and lifestyle destination and a unique shopping experience. Our performance has consolidated our lead and combined with our €421m investment places Selfridges in the top tier of global luxury retailing"

Selfridges has also continued to develop its stores. In Birmingham, Selfridges opened a new beauty hall and in Manchester, the Exchange Square store saw a transformation of its luxury designer fashion destination, including a revamped shoe space which includes the only Christian Louboutin store outside London.