Iconic department store Harrods has posted record sales and a profit rise in its full year to February.

Iconic department store Harrods has posted record sales in its full year to February.

According to figures filed at Companies House, the Knightsbridge department store recorded a sales uplift, including concessions, of 13.5 per cent to£688.3 million during the year to February 2.

EBITDA was£98.1 million, an 11.5 per cent rise on the year before.

Profit after tax amounted to£34 million versus£31 million in the previous year.

The retailer, which is owned by tycoon Mohamed Al Fayed, has refurbished or begun the overhaul of a number of its floors and departments including designer childrenswear, travel goods, soft accessories and ladies shoes. It also opened an outlet at Heathrow’s Terminal 5.

Harrods is thought to be well-placed to counter the downturn due to the resilience so far of the luxury market and its strong overseas tourist customer base.

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