Harrods swings back to £85m profit despite luxury market challenges

Harrods has returned to profit, despite continued pressure across the global luxury market and rising staff and distribution costs.
The Knightsbridge department store posted a pre-tax profit of £84.9m for the year to 31 January 2026, reversing a loss of more than £34m in the previous year.
Turnover climbed 1.2 per cent year on year to £1.08bn, as the luxury retailer continued to invest in its flagship store and customer experience.
However, operating profit slipped to £17