Upmarket department store Harrods cheered a return to profits growth yesterday after recording its best sales performance for more than 150 years.
Harrods - located in the Knightsbridge area of London - said the turnaround was driven by higher demand for luxury goods and the latest designer ranges.
Pre-tax profits almost tripled to £19.9 million in the 12 months to January 31, against £7 million a year earlier.
A tough start to the year was followed by the strongest second-half trading performance since Harrods was established in 1849.
Tuesday June 22, 2004
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