Selfridges grows 6% in 2018 after Oxford Street renovation

Selfridges boosts its sales. The historic department stores group has closed its fiscal year 2018 with a revenue of 1.8 billion pounds (2.2 billion dollars), 6% increase compared from the previous year. Part of this rise is due to the good performance of its Oxford Street flagship, that ended its renovations last year.

The renovation plan started in 2014 and represented an investment of 300 million pounds (369 million dollars). The plan included expanding its commercial surface, new office space and specific categories divisions.

The department stores group also opened a new menswear floor complete with indoor skating bowl, which followed the renovation of its accessories hall, which opened in 2018 and a new restaurant, called The Brasserie of Light, that also opened in the store during the past year.