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Harrods is hailed as one of the most famous department store in the world. Located in West London, its iconic seven-floor estate in Knightsbridge speaks for itself and welcomes millions of visitors every year from all over the world. As the present graph lays out, in 2024 the net worth of Harrods Limited amounted to approximately *** billion British pounds, while the turnover reached an all-time high in the financial year ending in February 2024. 

Department stores in the UK

The retail sales volumes in non-specialized stores (i.e. department stores) in the United Kingdom has taken a slight hit since the pandemic. Sales volumes of department stores were estimated to be worth approximately billion British pounds in 2023, a decrease compared to preceding years. Apart from Harrods, John Lewis as well as Marks and Spencer are among UK's leading department stores.

Luxury in department stores

Similar to other department stores, Harrods also carries luxury brands. The most popular of them in 2024 were Hugo Boss, Ralph Lauren, and Swarovski, all of which can be found in Harrods department stores in the UK. The most common occasion to purchase luxury items for were birthdays, while luxury gifts for weddings and anniversaries were also popular.