Although inflation has improved, worries about prices continue to trouble 82% of consumers. The remaining 18%, however, might be playing a role in the increase in luxury spending seen at Harrods. Harrods witnessed a nearly tenfold profit surge year over year (YoY), linked to the resurgence...
While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not only marks the luxury retailer’s first venture into international territory but also contradicts the wishy-washy buying patterns observed among Chinese...
Today in retail, inflation-smacked consumers content to eat dinner and watch movies at home for now, while retailers are using cash incentives to encourage customers to pick up their orders. Plus, Harrods postpones summer sale amid supply chain hang-ups. ‘Dinner and a Movie At Home’...
The supply chain has claimed another high-profile, hotly anticipated victim, as the delayed arrivals of the season’s hottest new looks has forced high-end department store retailer Harrods to postpone its annual summer sale, according to a Bloomberg report Wednesday (June 22). “Our supply chain is...
July 19, 2023
While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not only marks the luxury retailer’s first venture into international territory but also contradicts the wishy-washy buying patterns observed among Chinese consumers. Just this week, PYMNTS reported, “China, once hailed as […]
August 17, 2023
Although inflation has improved, worries about prices continue to trouble 82% of consumers. The remaining 18%, however, might be playing a role in the increase in luxury spending seen at Harrods. Harrods witnessed a nearly tenfold profit surge year over year (YoY), linked to the resurgence of affluent tourists visiting London after the pandemic. The department […]
June 22, 2022
The supply chain has claimed another high-profile, hotly anticipated victim, as the delayed arrivals of the season’s hottest new looks has forced high-end department store retailer Harrods to postpone its...
July 08, 2021
As it wagers on the return of in-person gatherings and flourishing demand for occasion wear, high-end department store retailer Harrods is collaborating with high-end rental marketplace My Wardrobe HQ, Business of...
July 01, 2020
As department stores suffer amid the COVID-19 health crisis, John Lewis is set to shutter many locations, and Harrods is eliminating 700 positions. John Lewis Chairman Sharon White said the...
