Tag

department stores

Stories tagged department stores.

Luxury / news / en / Aug 12, 2026, 21:06 UTC

Harrods returns to profit but remains cautious about future

Harrods returned to profit for the year to late January, posting a pre-tax profit of £84.9 million after a loss the previous year, but the luxury retailer remains cautious about trading conditions.

Harrodsprofitluxury retailLondondepartment storestax-free shopping
Retail / news / en / Jun 30, 2026, 05:20 UTC

Saks Global exits bankruptcy with streamlined stores and luxury focus

Saks Global has emerged from bankruptcy with a reduced store footprint and a renewed emphasis on high-end luxury to drive a sales recovery.

Saks Globalbankruptcyluxury retailrestructuringdepartment storessales revival