Selfridges sales up 20%

The Selfridges formula of offering everything under one roof, from affordable fast fashion to high end designer luxe, it is this mix that has seen the department store group flourish.

The company continues to beat the retail gloom, reporting a near 20% rise in profits.

The department store, owned by Canadian billionaire Galen Weston, will report a 19% lift in profits to £127m this week. Sales across its stores in London, Manchester and Birmingham rose 11% to £950m for the 12 months to the end of January.