Selfridges Retail has filed its accounts for the 48 weeks to early January 2025 and said that profitability improved, although revenue was technically down.

The company said that revenue fell to £774.6 million from £834.9 million, although key here is that the previous period was a 53-week one that ended in February 2024. And if we make an over-simplistic calculation by dividing the latest figure by 48 weeks and the earlier one by 53 weeks, it would actually show a better revenue result per week in the most recent almost-year.

But as well as the revenue falling because of the shorter financial year, the company said it dipped due to a focus on more profitable sales, particularly from the digital retail business. And this focus on higher margins, combined with effective cost controls, le

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