High-end department store retailer Harrods has reported a slight decline in sales as profit fell into the red.
According to its latest filed accounts for the year ended 31 January 2026, total sales fell 0.1% to £893.1m from £894.6m in 2025.
Pre-tax losses resulted at £84.6m, significantly down from a profit of £85.1m recorded the previous year.
Stated within its report, the company said gross transaction value rose 1.4% to £2.4bn, which is a measure of retail turnover on a gross basis before adjusting for concessions, consignments, staff discounts and the cost of loyalty scheme points.
Furthermore, as part of the Harrods group’s wider corporate organisational restructuring, on 12 January 2026, the Company acquired the Harrods trademark from Harrods Corporate Management Limited, a related party, at a book value of £136.8m.
The Company had previously been a licensee for the trademark but now in its capacity as owner has entered into licensing agreements as licensor with other group companies. In exchange for these agreements the Company will earn royalty income from the licensees that utilise and monetise the Harrods trademark.
