Selfridges has reported a sharp rise in profits and sales, with stronger footfall across its four UK department stores helping the retailer return to pre-tax profit.
Operating profit jumped 88 per cent to £79.7 million for the 52 weeks to 3 January 2026, supported by improved margins and tighter cost control.
Revenue increased seven per cent to £830.8 million, as growth in physical stores outweighed a decline in digital sales. The reporting period was also longer than the previous financial year, at 52 weeks compared with 48 weeks.
The luxury retailer recorded a pre-tax profit of £13 million, reversing a £15.9 million loss in the previous period.
Selfridges operates four UK department stores, its flagship on Oxford Street in London, Birmingham Bullring, Manchester Trafford Centre and Manchester Exchange Square, alongside its online business.
Chief Executive André Maeder said the performance had been achieved despite what he described as “difficult retail and macroeconomic environments”.
However, he argued that challenges facing retailers had been intensified by government policy, particularly the removal of tax-free shopping for international visitors.
Mr Maeder called on the Government to restore the scheme, saying its return could help boost high streets and support economic growth across the UK.
The latest figures underline the continuing importance of bricks-and-mortar retail to Selfridges, with increased store sales driving growth despite weaker online performance.
The results come as Selfridges continues to invest in its stores and position them as destinations combining retail with hospitality, entertainment and other experiences.
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