Harrods
This coverage examines Harrods’ role and performance within the UK retail sector, focusing on its luxury positioning, store operations, and strategic initiatives. Explore reporting on flagship store developments, seasonal campaigns, brand partnerships, executive changes, and financial performance — all with an emphasis on commercial impact and relevance to professionals managing retail operations, brand strategy, and high-end customer experiences.
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Dec- 2021 -7 DecemberDepartment Stores
Harrods launches new partnership with Klarna
Luxury retailer Harrods has announced a new partnership with Klarna, a global retail bank, in a bid to offer customers more “flexible” and “convenient” payment options. Harrods UK will allow shoppers to use Klarna’s Pay in three payment options for beauty purchases in Harrods Beauty Hall, as well as across…
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Nov- 2021 -4 NovemberDepartment Stores
Harrods reports £68m loss as restaurant staff to vote on strike action
Luxury department store Harrods has reported a loss of £68m for the 52-week period ending 30 January 2021. According to its latest set of accounts published on Companies House, it comes after its gross transaction value decreased by 51% to £1.09bn and its turnover also fell by 50% to £429m…
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Oct- 2021 -20 OctoberClothing & Shoes
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He will succeed Marco Gobbetti who will step down from the role and leave the company on 31 December 2021. Akeroyd is currently the CEO of Milan-based Gianni Versace SpA, a…
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18 OctoberDepartment Stores
The Weston Family in talks with QIA over £4bn Selfridges sale
Selfridges owners, the Weston Family, are reportedly in talks with the Qatar Investment Authority over a potential £4bn sale of the department store chain. The Mail On Sunday has reported that sources close to negotiations said that the sovereign wealth fund has moved to the front of the queue for…
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Aug- 2021 -13 AugustDepartment Stores
Harrods to remove plastic carrier bags
Harrods has announced plans to remove all plastic carrier bags from across its stores from next month. The announcement forms part of Harrods’ wider plastic reduction strategy. The luxury department store said the bags would be replaced with a sustainably-sourced paper carrier bag made from 40 per cent recycled materials,…
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Jan- 2021 -26 JanuaryDepartment Stores
Frasers Group shutters Edinburgh’s Jenners store
Frasers Group has announced it will permanently close Edinburgh’s iconic Jenners store after the company failed to reach an agreement with the site’s landlord over continuing the tenancy. A spokesman for the group said the decision came after negotiations fell through with the building’s owner, Anders Povlsen, the current owner…
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Nov- 2020 -9 NovemberDepartment Stores
Harrods forced to reorganise £200m credit
Harrods has been forced to reorganise its £200m credit line due to the second national lockdown causing the closure of its flagship Knightsbridge store. According to The Sunday Times, the department store negotiated a revolving credit facility with the Qatar National Bank in August, to avoid breaching covenants it made…
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2 NovemberClothing & Shoes
Superdry names interim CFO
Superdry has announced that it has appointed Benedict Simon as its chief financial officer on an interim basis. This new appointment follows the fashion retailer’s announcement last month that Nick Gresham has stepped down from the role with immediate effect. Simon has 18 years of experience as CFO of a…
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Oct- 2020 -13 OctoberLuxury Goods
Aspinal of London to close all 10 stores
Luxury goods brand, Aspinal of London, has agreed a company voluntary arrangement (CVA) approved by its creditors, thus permanently closing all 10 of its stores. According to Drapers, the decision was agreed upon “comfortably” with 75% of creditors giving the green light. None of the company’s 10 stores have reopened…
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Jul- 2020 -28 JulyDepartment Stores
Harrods boss warns tourists may not return until 2022
The managing director of the iconic department store Harrods has warned that US and Asian tourists may not return until 2022 after the store revealed a significant drop in the number of visitors to the store. According to The Telegraph, Ward, speaking to investment bank Jeffiries, revealed the number of…
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