n recent years, there has been a saying in the market, that is, no matter how profound and unpredictable the environment is, just seize the sales demand of young people can increase the ability to resist risks.
If this sentence is not enough tension, then the comparison between Selfridges and Harrods is enough to prove everything.According to figures released by luxury department store Selfridges, sales rose 6 per cent (£1.85 billion) in the year to February 2019.
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However, compared with Harrods, Selfridges has certain differences.Sales for the 2018 financial year, which ended in February this year, were almost flat at €868.5m, barely half that of Selfridges.
According to some experts, the sales were not ideal because of one-off costs such as store refurbishment. Harrods spent 64.1 million pounds on upgrading the beauty area and improving the shopping experience in the men’s wear and sports products area.
Operating profit fell to 2.8 per cent (￡170m) from ￡175m in the same period last year, the group said, citing rising sales and investment in experiential shopping as well as increased investment in its flagship Oxford street store.
Selfridges ranks fifth in terms of sales per square foot, according to an early 2019 study by British architects Sybarite and GlobalData.Topping the list is Harrods, a 170-year-old British luxury department store.
As can be seen from the performance reports of the two department stores, Selfridges and Harrods have invested heavily in upgrading their store shopping experience. However, in comparison, Selfridges has gone further towards youth in recent years.
According to documents, the department store was founded in 1909 and bought by Canadian businessman Willard Gordon Galen Weston in 2003.The design of the department store in the mall is also more interesting, for example, the beauty makeup is placed in the entrance, and the ground floor of the store is used as a discount sales area for processing products.
Post time: Oct-14-2019