Harrods is the world’s best-performing luxury department store, according to a new study.
Research compiled by architects Sybarite and analyst GlobalData, says the iconic Knightsbridge store is the strongest performer by sales per square foot.
The Qatari-owned retailer increased sales by 6.8% to just over £2.1 billion in the year to February 2018.
Selfridges and Liberty also made the top five as high-spending tourists benefit from the weaker pound.
The report also said China’s dominance is rising with SKP moving to second place.
Retailers in the top 10 list include Fenwick and Printemps in France.
Joseph Robinson, GlobalData’s consulting director, said: “The highest ranked retailers are all benefiting from their pro-activity in investing in their stores, helping them to offer differentiation and unique shopping experiences.”
Robinson added: “This is particularly important against the backdrop of the relentless rise of online penetration, and the increasing focus among luxury brands on going alone with standalone stores.”
