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Selfridges profits fell 10 percent pre-Covid, but sales rose

Selfridges has reported a 10 percent drop in operating profit to 88 million pounds for the year ending 2 February 2020, just prior to the pandemic took a grip on the UK’s retail industry. Sales during the period increased 7 percent to 1.97 billion pounds, the company revealed in an update on Thursday. It came amid “a challenging retail backdrop...

21 Jan 2021