**London’s Harrods posted a 16.4% increase in revenue to £2.22 billion ($2.69 billion) in the year to January 28, 2023, as the luxury department store chain bounced back from the pandemic.**.
The Knightsbridge store benefited from a surge in international visitors, particularly from the Middle East, Europe, and the United States, as well as strong domestic demand..
Harrods’ international sales grew by 20.5% to £924 million ($1.12 billion), while domestic sales increased by 13.1% to £1.29 billion ($1.56 billion)..
The store’s online sales also continued to grow, albeit at a slower pace than in previous years. Online sales grew by 6.3% to £307 million ($373 million), representing 13.8% of total sales..
Harrods said that it benefited from a number of factors during the year, including the easing of pandemic restrictions, the return of international travel, and the strength of the luxury market..
The store also invested heavily in its online and in-store experience, including the launch of a new website and the refurbishment of its food halls..
Harrods CEO Michael Ward said: .
