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Finance & Accounting
Pages 6 (1506 words)
Student’s Name Tutor’s Name Class Information Date Harrods Research Introduction This report analyses the financial information of Harrods Ltd, a London based luxury, high-end retailer. The research objective of this study is to assess the financial operations of the firm in order to find out how efficient it has been in its business…
Graphs illustrated and explained in the report gives a clear idea about the position of Harrods in the market as compared to its competitors. Secondary research is conducted using credible industry sources such as Market Researech.com, Hoover’s, Harrods website, and other online database. Company Overview Harrods is a luxurious, high-end retailer, founded in London in 1834 and possess a rich heritage and history that makes them the world’s most famous department store (Harrods). The department store is situated on Brompton Road in Knightsbridge, London, England, being the one of the largest department stores in the world (store occupying 4.5acre and selling space over one million square feet across over 330 departments). As Mahoney points out, Harrods is the second-biggest store and offering an extensive section of products, a world-class shopping experience and greater customer service. The Harrods brand also stands for other business undertaken by the company which includes Harrods Bank, Harrods Aviation, Air Harrods and Harrods Estates. The Harrods group of companies holds its motto “Omnia Omnibus Ubique – All things for All People Everywhere” (Harrods). Though operating only in London, it has become an international retail icon with superior brand responsiveness among global consumers. ...
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