High-end department store retailer Harrods has reported another growth in sales as turnover climbed towards £900m.

According to its latest filed accounts for the year ended 3 February 2024, total sales rose 8% to £898.4m from £831.6m in 2023.

Pre-tax profit resulted at £162.2m, down from £470.8m recorded the previous year. The majority of which was due to income from shares in group companies, valuing £290.3m. Removing this factor, profit stood at £158.4m in its prior year, reflecting an increase of 2.3%.

Stated within its report, the company said gross transaction value rose 6.7% 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.