Overview

• New accounts show revenue fell to £775 million in the 48 weeks to Jan. 4, 2025, with the pre-tax loss reduced to nearly £16 million from about £42 million the prior year.
• Management cites fewer international visitors and the scrapping of VAT-free shopping as key drags, alongside inflation, higher energy costs, supply-chain disruption and currency shifts.
• The company has recorded five consecutive pre-tax losses and has not been profitable since 2019.
• Ownership now combines Thailand’s Central Group with Saudi Arabia’s Public Investment Fund, which bought a 40% stake in October 2024.
• Selfridges is investing in stores and digital, including a refurbished Oxford Street beauty hall, a larger Birmingham beauty hall due in November, and a members’ club at the London flagship following council approval, as it prepares Disney-themed holiday promotions.