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Selfridges reports fast growth online and offline

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Selfridges has reported fast growth online and offline in its latest financial year.

The iconic department store said multichannel selling underpinned its performance in turning in gross sales of £1.3bn in the year to January 2015, 4.3% ahead of the previous year, and record operating profits of £155m, £5m and 3.4% ahead of last time.

Sales grew in all four of its stores and online. The retailer now delivers to more than 130 countries around the world, and trades in eight currencies.

The news comes in the year that Selfridges starts its three-year £300m redevelopment of its flagship Oxford Street, London store.

Paul Kelly, managing director, Selfridges Group, said: “Selfridges has delivered another record result in 2014/15. We have achieved this by offering our customers a comprehensive fashion and lifestyle destination and a unique shopping experience. Our performance has consolidated our lead and combined with our £300m investment places Selfridges in the top tier of global luxury retailing.”

The news comes as Selfridges launches its Christmas programme in store and online, on the theme of Journey to the Stars.

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